Our trade deficit shrank in November, but our China trade deficit rose sharply.  Currency manipulation explains it.  The dollar fell against most currencies, but not Japan's yen and China's yuan.  Rob Scott of the Economic Policy Institute has the numbers.   

Trade deficits improve, except with Asian countries
 
There was good news in yesterday’s announcement that the trade deficit shrank.  But the U.S current account (the broadest measure of the U.S. balance of trade in goods, services, and payments to the rest of the world) also revealed the trade deficit with China rose sharply.  In today’s International Picture , EPI economist Robert Scott’s analysis illustrates why the trade deficit is only improving with certain countries and what that means to the U.S. and global economies.

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