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The United States was running a $360 billion trade deficit with China in 2021. Suppose the Phase One Deal between the U.S. and China leads

The United States was running a $360 billion trade deficit with China in 2021. Suppose the Phase One Deal between the U.S. and China leads to a decrease in U.S. computer imports from China by $20 billion and, at the same time, China agrees to purchase additional soybeans worth $5.5 billion from the U.S. Calculate the "new" (bilateral) trade balance.

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