US trade deficit with China in Nov

11 Jan '07

3 min read

“Once hearings have been held, Congress should pass the necessary legislation to stop China's cheating. America's trade problems with China will never be solved unless the U.S. government and Congress demonstrate to the Chinese that China's unlimited access to the U.S. market will not remain open unless China changes its ways,” Tantillo concluded.

In other notes, the U.S. trade deficit with China in advanced technology products (ATP) was $5.8 billion in November. For the first eleven months of this year compared to the first eleven months of the last, the U.S. trade deficit with China in ATP has risen to $50.7 billion, up from $42.7 billion in 2005. These figures demonstrate that China's cheating adversely impacts even the high-tech sectors where U.S. producers theoretically should have substantial advantages.

Also, the Chinese government reported a trade surplus in 2006 of more than $177 billion. This figure is a $75 billion increase over 2005's $102 billion surplus. Most of this surplus will be racked up with the United States.

Finally, seasonally adjusted U.S. employment in manufacturing has fallen from 17.105 million in January 2001 to 14.150 million in December 2006, a loss of nearly three million jobs.

American Manufacturing Trade Action Coalition

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