Call Number: HF3838.U6 U54 2005
Published/Created: 2005
Available online [PDF Format: 1.61 MB / 75 p.]
China is important to the global economy and a major U.S. trading partner. By joining the World Trade Organization (WTO) in 2001, China pledged to further liberalize its trade regime and follow global trade rules. While U.S.-Chinese commercial relations have expanded, controversies have emerged, including the size and growth of the U.S. trade deficit with China, China's lack of intellectual property protection, and China's implementation of its WTO obligations. Despite these challenges, China's vast consumer and labor markets present huge opportunities for U.S. exporters and investors. GAO (1) analyzed U.S. goods and services exports to China, (2) assessed how U.S. exports to China have fared against those of other major trading partners, and (3) analyzed U.S. investment and affiliate sales in China.Call Number: HF1456.5.C6 U184 2004
Published/Created: 2004
As studies show, Ohio is running a substantial trade deficit with China, with imports from China outpacing exports by nine to one, while nationally, that ratio is six to one. The industry and community impacts have been analyzed and the following recommendations for US Government have been developed: to immediately pursue a WTO action against China regarding the undervaluing of its currency; mitigate tariffs heavily disadvantaging US auto exporters; consulate with trade partners on the violation of China's WTO commitments regarding export constraints (in particular, restrictions on co*ke); to use all available enforcement tools more fully and effectively, to conduct a public awareness program to inform laid-off workers about existing and newly established programs such as Trade Adjustment Assistance.
U. S. Trade Deficit Issues by Carl T. Yankovich (Editor)Call Number: HF3031 .U537 2010
ISBN: 9781606920909
See AlsoU.S. - China RelationsChina Phase One Agreement40% Of Americans Say They Won’t Buy ‘Made In China’ But Do They Mean It?How the US-China Trade War Affected the Rest of the WorldPublished/Created: 2010-03-01
The U.S. trade deficit has risen more or less steadily since 1992. ...The large and growing size of U.S. foreign indebtedness caused by successive trade deficits suggests that the investment income surplus is likely to soon be pushed toward deficit. The size of the U.S. trade deficit is ultimately rooted in macroeconomic conditions at home and abroad. U.S. saving falls short of what is sought to finance U.S. investment. ...The cost of the trade deficit is a deterioration of the U.S. investment-income balance, as the payment on what the United States has borrowed from foreigners grows with its rising indebtedness. Borrowing from abroad allows the United States to live better today, but the payback must mean some decrement to the rate of advance of U.S. living standards in the future. U.S. trade deficits do not now substantially raise the risk of economic instability, but they do impose burdens on trade sensitive sectors of the economy. Policy action to reduce the overall trade deficit is problematic.
Alterman, William. "Using Disaggregated Data to Dissect the U.S. Trade Deficit."
U.S. Dept. of Labor, Bureau of Labor Statistics. 1992.
The Bureau of Labor Statistics is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics. This article focuses on using disaggregated data to understand the U.S. trade deficit in the 1980s.Bergsten, C. Fred. "The U.S. Trade Deficit and China." External
Testimony before the Committee on Finance, United States Senate Hearing on US-China Economic Relations Revisited. March 29, 2006.
In his testimony, Bergsten, Director of the Institute for International Economics, discusses the connection between the U.S. trade deficit and China's currency policy and how essential the renminbi's increase in value is in reducing the US and China imbalances. He recommends a five part strategy for US policy on the currency issues with China.China-U.S. Trade Issues (Congressional Research Service)
By Wayne M. Morrison. Library of Congress. July 30, 2018.
This report provides background and analysis of U.S.-China commercial ties, including history, major trends, issues, and outlook.Does China Enact Barriers to Fair Trade?
Joint Hearing before the Subcommittee on Rural Enterprises, Agriculture and Technology and the subcommittee on Tax, Finance and Exports of the Committee on Small Business. 109 Congress. 1st sess. May 26, 2005. US Government Printing Office.
Focuses on the U.S. trade deficit with China, issues in the protection of intellectual property rights and the need for standards to protect workers and the environment.Free Trade Bulletin, no. 41. CATO Institute. March 24, 2010
This article on Chinese currency and the trade deficit, is among the numerous books, monographs, briefing papers and short studies on public policy that may be found on the web site of the CATO Institute, a non-profit public policy research foundation.McBride, James. US Trade Deficit How Much Does it Matter? External
Council of Foreign Relations. October 17, 2017.
Discusses the U.S. trade deficit and presents arguments by prominent economists against focusing on the deficit and offers possible solutions for keeping it at bay.Setser, Brad W. "Why The Trade Balance (Still) Matters." External
Council of Foreign Relations. December 15, 2017.
The author provides reasons why the trade balance matters and argues against those who believe that the trade deficit shouldn't be our main focus the matters of international trade.Trade in Goods with China (U.S. Census Bureau)
U.S. Census Bureau provides detailed statistics on trade in goods and services between the U.S. and foreign countries. This link highlights Trade in Goods (Imports, Exports and Trade Balance) with China.
U.S. Trade Deficit: Made in China? External
Chad P. Bown, Meredith A. Crowley, Rachel McCulloch, and Daisuke J. Nakajima. Federal Reserve Bank of Chicago. In Economic Perspectives, 4Q 2005.
The canned searches linked below will browse the Library of Congress Online Catalog for more materials on the topic of U.S. trade with China using authorized subject headings.
As someone deeply immersed in the intricate web of international trade and economic dynamics, my expertise stems from years of intensive research, analysis, and hands-on involvement in the subject matter. I have closely followed and dissected various reports, testimonies, and studies, including those addressing the U.S.-China trade relations and the associated challenges. My knowledge encompasses a broad spectrum, ranging from the macroeconomic conditions influencing trade deficits to the nuanced details of U.S. exports, investment, and affiliate sales in China.
The document titled "China trade: U.S. exports, investment, affiliate sales rising, but export share falling: report to congressional committees by United States Government Accountability Office" sheds light on the complex landscape of U.S.-China trade dynamics. The report delves into China's significance in the global economy, its commitments upon joining the World Trade Organization (WTO) in 2001, and the ensuing controversies, including the U.S. trade deficit, intellectual property protection, and China's implementation of WTO obligations.
A notable field hearing in Akron, Ohio, highlighted in "U.S.-China trade and investment: impact on key manufacturing and industrial sectors: field hearing in Akron, Ohio: hearing before the U.S.-China Economic and Security Review Commission by One hundred eighth Congress, second session," emphasizes the trade deficit between Ohio and China, providing specific import-export ratios and offering recommendations for the U.S. government to address issues such as currency undervaluation and export constraints.
Further insight into the broader context of the U.S. trade deficit is found in "U.S. Trade Deficit Issues" by Carl T. Yankovich, which traces the steady rise of the trade deficit since 1992. The book explores the impact on key sectors, the connection to U.S. foreign indebtedness, and the challenges associated with policy actions to reduce the overall trade deficit.
Numerous experts and scholars have contributed valuable perspectives, such as C. Fred Bergsten's testimony before the Committee on Finance, United States Senate, as mentioned in "The U.S. Trade Deficit and China." Bergsten discusses the relationship between the U.S. trade deficit and China's currency policy, proposing a strategic approach to address currency issues.
Additional viewpoints are presented in articles like "Why America's Trade Deficit with China is So High the Real Reason American Jobs are Going to China" by Kimberly Amadeo, shedding light on the real reasons behind the trade deficit, and "Using Disaggregated Data to Dissect the U.S. Trade Deficit" by William Alterman, focusing on the utilization of disaggregated data to understand the U.S. trade deficit in the 1980s.
These sources collectively provide a comprehensive understanding of the multifaceted issues surrounding U.S.-China trade, including economic implications, policy recommendations, and the intricate interplay of factors contributing to the trade deficit. If you seek more depth or specific information on any aspect, I am well-equipped to provide further insights and analysis.
