Do we really have a half a trillion dollar trade deficit with China?

Question

and if so isnt that a bad thing???

Answer 1

It is about half of that or 250 billion a year.

http://www.census.gov/foreign-trade/bala...

It would so be so bad except we have a trade deficit with almost everybody. Here are monthly numbers in millions of dollars.

      

China                             -20,238.62      

Canada                             -7,610.88    

Japan                              -7,561.95      

Mexico                             -6,824.35      

Federal Republic of Germany        -4,438.28      

Saudi Arabia                       -3,406.22      

Nigeria                            -3,381.97      

Venezuela                          -2,983.18      

Algeria                            -1,865.88        

Italy                              -1,860.14