US Trade Deficit With Japan Totaled $68.94B in 2016

The U.S. goods trade deficit with Japan totaled $68.94 billion in 2016, outranking Germany for the second-largest figure among countries with which the United States generated a trade deficit, government data showed Tuesday.

Although the deficit with Japan was nearly flat from the 2015 level, U.S. President Donald Trump, given his recent remarks about U.S. trade partners, appears certain to step up criticism against Japan over the trade deficit with the country.

The release of the data comes as Trump and Japanese Prime Minister Shinzo Abe are scheduled to meet on Friday in Washington.

The U.S. goods trade deficit with China came to $347.04 billion in 2016, down 5.5 percent from a year earlier, the Commerce Department said.

While nearly half the U.S. trade deficit stems from China, Japan’s share stood at 9.4 percent in 2016, up 0.2 percentage point from 2015.

The deficit with Germany shrank 13.3 percent to $64.87 billion. The deficit with the European Union narrowed 5.9 percent to $146.34 billion.

via Mainichi

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