Home / Knowledge / News / China overtakes US in global manufacturing exports, AMTAC
China overtakes US in global manufacturing exports, AMTAC
18
Jun '08
High-level government officials from the People's Republic of China and the United States are scheduled to hold a "Strategic Economic Dialogue" on Tuesday and Wednesday of this week in Annapolis, MD to discuss matters of economic concern between both countries.

Since 2001, United States has run trade deficits in manufactured goods with China totaling more than $1.25 trillion, including a deficit of $264 billion in 2007. The lost production reflected in these massive deficits has contributed significantly to the loss of 3.545 million U.S. manufacturing jobs during that same time period. Moreover, in 2007 alone, trade losses with China accounted for 49.7% of the $532 billion U.S. trade deficit in Manufactured Goods.

Noting these facts, the American Manufacturing Trade Action Coalition (AMTAC) has compiled a short snapshot analysis of America's foreign trade relationship with China contained in PDF file that is attached to this e-mail.

Said AMTAC Executive Director Auggie Tantillo, "For all intent and purpose, America's foreign trade relationship with China is a one-way street. China gains the lion's share of the benefits and U.S. manufacturing and its workers pay the price in lost jobs and market share."

Continued Tantillo, "China's multitude of predatory trade practices -- the rebating value-added taxes on exports, currency manipulation, handing out loans at below-market-value rates, and rampant theft of intellectual property -- cannot be solved by dialogue alone.


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search