Line chart showing U.S. trade in goods with China from May 2019 to May 2023. Imports from China reached a low of $19.6 billion in March 2020 and reached a high over $50 billion in August 2022. The trade deficit was $37.5 billion in August 2022 and $16.6 billion in March 2023, its high and low since 2022. In May 2023, imports were $35.9 billion and exports were $10.7 billion.