US-China

China regains top trading partner status with US

TBUSTradeWashington — The US tire sector trade deficit shrank slightly last year as the value of exports shot up nearly 62% while the value of imports rose close to 10% in 2017 to a record $13.8 billion.

As a result, the US trade deficit in tires slipped to $9.66 billion last year — down from $10 billion in 2016 — reflecting $4.1 billion in exports and $13.8 billion in imports.

It’s the first time the tire sector trade…

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