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Revisions

The US$1.4 tril US 'surplus' that Trump’s keeping quiet about

US Economy

The US$1.4 tril US 'surplus' that Trump’s keeping quiet about

Bloomberg Published on Wed, Jun 13, 2018 / 8:36 AM GMT+8

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(June 13): The US has a surplus of US$20 billion ($26.7 billion) with China and US$1.4 trillion with the rest of the world.

That’s not a normal trade balance, of course, where the US registered an annual deficit of more than US$330 billion with China and about US$550 billion with the world last year, but an "aggregate sales surplus" which measures both direct trade and the sales of multinational companies, according to research by Deutsche Bank AG.