In the twelve months ending March 2025, the U.S. trade deficit widened to $1.4 trillion, a 30.3% increase from the prior year. Meanwhile, China’s trade surplus rose 30.9% to $1.08 trillion. Since the onset of the U.S.- China trade war in 2018, the U.S. deficit has expanded by 74%, while China’s surplus has surged by 170%—underscoring the growing divergence in trade performance between the world’s two largest economies.