https://sputnikglobe.com/20191217/global-us-trade-deficit-cant-go-down-without-reduction-of-trade-deficit-with-europe---lighthizer-1077598916.html
US Trade Deficit Can't Go Down Without Reduction of Imbalance with Europe – Lighthizer
US Trade Deficit Can't Go Down Without Reduction of Imbalance with Europe – Lighthizer
Sputnik International
The US trade balance sank into deficit in late 1990s, especially with Asian powers, including China. As of 2018, the American trade deficit stood at $621... 17.12.2019, Sputnik International
2019-12-17T13:57+0000
2019-12-17T13:57+0000
2023-03-05T11:34+0000
https://cdn1.img.sputnikglobe.com/img/104624/86/1046248653_0:128:4621:2727_1920x0_80_0_0_7058cfc161ab05b224706ffd216e6fa0.jpg
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
2019
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rosiya Segodnya“
newsfeed, business, deficit
newsfeed, business, deficit
US Trade Deficit Can't Go Down Without Reduction of Imbalance with Europe – Lighthizer
13:57 GMT 17.12.2019 (Updated: 11:34 GMT 05.03.2023) The US trade balance sank into deficit in late 1990s, especially with Asian powers, including China. As of 2018, the American trade deficit stood at $621 billion, according to the US Census.
US Trade Representative Robert Lighthizer has set reducing the trade imbalance with Europe as a condition for bringing down the US global trade deficit.
According to the official, the United States has a basic trade problem with Europe, which is why Washington must look for ways to send more goods to the European Union.
Lighthizer noted that dealing with European trade issues is a crucial matter for US President Donald Trump.
The statement comes as UK Prime Minister Boris Johnson and US President Donald Trump agreed to continue the discussion about a new trade agreement between the two countries in the wake of the Tories' victory in the latest British elections.
On Monday, National Economic Council Director Larry Kudlow said that the US is looking forward to a trade deal with Prime Minister Boris Johnson, adding that work towards negotiating such an agreement will start very soon.
