Stephanie Luce
Stephanie Luce
almost billion china contrary deficit exceeded factor goods high imported largest market percent population provide resulting single six today total trade value
But contrary to the high expectations that China's 1.2 billion population would provide an ever-expanding market for U.S. goods, ... by 2000 the value of goods imported to the U.S. from China exceeded the value of U.S. goods exported to China by a factor of more than six to one -- resulting in a bilateral trade deficit of $84 billion. Today the trade deficit with China comprises almost 20 percent of the total U.S. trade deficit and is the largest trade deficit the U.S. has with any single nation.
advocating caution project trade
I think that most of us on the project feel comfortable in advocating caution in our trade agreements.