The United States ran a merchandise trade deficit of $165.0623 billion in the first quarter of 2016, which was down slightly from the $165.7159 billion merchandise trade deficit the United States ran in the first quarter of 2015, according to data released Wednesday by the Census Bureau. The U.S. exported $347.5618 billion in goods during the quarter and imported $512.6241 billion. The bilateral merchandise trade deficit with China during the first quarter was $77.9461 billion—by far the largest with any nation. […] The second largest bilateral merchandise trade deficit the United States ran during the quarter was the $16.9356 billion...