Monday, March 12, 2012

U.S. Trade Deficit with China Soars but American Exports to China are ALSO on the Increase: Soybeans, Cars, Airplanes, Medicine, etc.


Although the U.S. trade deficit with China continues to soar, the Chinese are importing more American products, so that U.S. exports are up 50% in value since 2008. Keith B. Richburg has the story at the Washington Post in U.S. exports to China boom, despite trade tensions.

There is not much cause to worry too much about trade deficits when the United States of America has a comparative advantage in many goods that China needs, especially when these goods are foods, cars and exports related to health. When that is the case, sensible deals can always be made between the governments.

Hat tip to CaryGEE.

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