posted on Jan, 12 2005 @ 01:26 PM
One of the problems is that the biggest exporter to the US is China who has pegged the Yuan to a really low level. Even the EU has complained as well
about this. It makes it impossible to really put any dent in the level at all.
If you look at the PDF in my above post, you'll see that even though the trade deficit with China is higher than the deficit with the EU and Canada,
the amount of goods imported from China is less than those countries.
Nov Imports from Canada: 22,698 million
Nov Exports to Canada: 15,400 million
Nov Imports from China: 19,606 million
Nov Exports to China: 2,975 million
Nov Imports from the EU: 25,013 million
Nov Exports to the EU: 14,553 million
Nov Imports from Japan: 11,535 million
Nov Exports to Japan: 4,249 million
The problem is that China isn't buying US products the way Canada and the EU are doing.
[edit on 12-1-2005 by AceOfBase]