U.S. Trade Deficit With China Rises

America's goods trade deficit with China set a new record in 2013 for the fourth straight year, climbing to $318 billion.

(TRNS) — The U.S. trade deficit with China has risen by 40 percent since 2009, according to new figures released today by the Commerce Department.

While the U.S. sold about $13 billion in goods to China this past December, its imports from China totaled over $37 billion. Thus, an overall monthly deficit of around $24 billion. For the year, the trade deficit was $318.4 billion.

By comparison, the deficit with China was just below $227 billion back in 2009.

Overall in December, the U.S. sported a trade deficit of nearly $39 billion, according to Commerce. Trade with the European Union accounted for a deficit of over $11 billion.

In terms of exporting and importing goods and services, the U.S. ran a full year trade deficit of close to $472 billion, down from $557 billion in 2011 and $535 billion in 2012.

The report comes amidst intense efforts by the Obama administration to boost American exports to Asia by quickly approving new trade deals with Brunei, Singapore and New Zealand.

DC Bureau Footer

Tags: , , , ,

Geoff Holtzman
Geoff Holtzman is Talk Radio News Service's Deputy Bureau Chief. As one of TRNS's primary correspondents, he helps cover the White House and Capitol Hill. Geoff also covered the 2012 presidential campaign, following the candidates to Iowa, New Hampshire, South Carolina, North Carolina, Florida and elsewhere. In the process, he learned that not all Motel 6's are created equal. Follow Geoff on Twitter @Geoff_Holtzman.

Martin Luther King Has A Dream, Strom Thurmond Filibusters And Emmett Till Is Murdered

Plus, riots in Philadelphia, riots in at the Democratic National Convention in Chicago and Hurricane Katrina descends on New Orleans.

Click here for: Thursday, August 28

● Political switch mystery solved

● Feds close in on Philadelphia lawmaker

● Metropolitan area jobs report

● Chicago gun runners in the crosshairs

● No reward for insurance loyalty

Security Council Condemns Downing Of UN Copter In South Sudan

A Russian Mi-8AMT helicopter, pictured in the Central African Republic in June 2014. UN Photo/Catianne Tijerina

Three Russian crewmen were killed on Tuesday when their cargo helicopter was shot down in South Sudan’s oil-producing Unity State.

Mother Pleads For Release Of American Journalist In ISIS Captivity

Photo/Al Arabiya

“Steven has no control over the actions of the U.S. government. He’s an innocent journalist,” Sotloff says in the video. “I ask you to please release my child.”

LISTEN: The World in Two Minutes – August 27, 2014

The World in 2:00

Marijuana in China: As demand grows, Chinese authorities embrace new surveillance technology while continuing practice of executions.

A Carbon Tax Is Absolutely Essential

Putting a price on carbon encourages less fossil fuel extraction and a rapid move to clean and green energy.