U.S. trade deficit with Japan shrinks

Jiji Press WASHINGTON (Jiji Press) — The United States’ customs-cleared goods trade deficit with Japan shrank 12.6 percent from the previous month to $5.5 billion in May, the Department of Commerce said Friday.

The May deficit with Japan was the fourth largest after that with China, Mexico and Germany, falling from the previous month’s second position.

In automotive-related trade, the U.S. deficit with Japan contracted 8.5 percent to $4.8 billion, accounting for nearly 80 percent of its overall deficit with the ally.

China remained the biggest contributor to the negative trade balance of the United States, which incurred a deficit of $33.2 billion with the world’s second-largest economy, up 18.7 percent.Speech

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