Trump tariffs cast shadow as US-China trade shrinks ahead of leaders’ meet
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US government data reveals a continued decline in direct trade between the US and China, resulting in one of the lowest monthly bilateral goods deficits in two decades. The US goods deficit with China was $13.1 billion in February, a continuation of a decoupling trend. This data emerges ahead of a planned meeting between leaders in Beijing next month, intended to stabilize relations after recent economic strain. The US Trade Representative's office highlighted the 30% decrease in the goods trade deficit with China in 2025 as a positive outcome of tariffs imposed a year prior, resulting in a $202.1 billion deficit, the lowest since the early 2000s. Despite the shrinking US-China trade, the overall US trade deficit expanded due to increased imports from other countries.
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AI-ExtractedThe US goods deficit with China stood at US$13.1 billion in February.
Last year the figure dropped to US$202.1 billion – the lowest level since the early 2000s.
Direct trade between China and the United States continues its shrinking trend.
The goods trade deficit with China declined by 30 per cent in 2025.
Both sides are expected to explore ways to stabilise relations after a period of renewed economic strain.
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