The Growing U.S. Trade Imbalance With China

6 Pages Posted: 11 Jul 2007

See all articles by Thomas Klitgaard

Thomas Klitgaard

Federal Reserve Bank of New York

Karen Schiele

affiliation not provided to SSRN

Abstract

Over the past decade, the United States has gone from enjoying a small trade surplus with China to grappling with an enormous deficit. Just to keep the gap from expanding in 1997, U.S. exports to China would need to grow at an extraordinary rate - four times as fast as Chinese exports to the United States. Despite recent gains and China's efforts at trade liberalization, growth on that order appears unlikely, and the deficit can be expected to widen in the near term.

Keywords: trade, United States, China, World Trade Organization, WTO

JEL Classification: F13, F14, F32

Suggested Citation

Klitgaard, Thomas and Schiele, Karen, The Growing U.S. Trade Imbalance With China. Current Issues in Economics and Finance Vol. 3, No. 7, May 1997. Available at SSRN: https://ssrn.com/abstract=998870

Thomas Klitgaard (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Karen Schiele

affiliation not provided to SSRN ( email )

No Address Available

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