US-China trade deficit shrinks to 2004 levels | US capital goods exports hit record high
Edited By WION Video Desk
Published: Aug 06, 2025, 18:59 IST | Updated: Aug 06, 2025, 18:59 IST
In June 2025, the U.S. trade deficit shrank to its lowest point in nearly two years—dropping the bilateral deficit with China to approximately $9.5 billion, the smallest since February 2004—due to steep tariffs reducing Chinese imports. Meanwhile, capital goods exports hit a record high, led by civilian aircraft and industrial machinery, highlighting a shift in America’s trade profile.
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