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    Dependence on China shrinks the US economy in Q1
    Publisher: Asia Times
    2022-04-28

    Dependence on China shrinks the US economy in Q1

    The US economy shrank in the first quarter due to a significant increase in the trade deficit, largely driven by the country's dependence on China. The trade deficit in goods reached a record high of $125 billion in March, contributing to a negati...
    The US economy shrank in the first quarter due to a significant increase in the trade deficit, largely driven by the country's dependence on China. The trade deficit in goods reached a record high of $125 billion in March, contributing to a negati...

    Tags: economy, china

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