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Trade Gap Increases 26 Percent With China, $20.2 Billion In April

Published 07/08/08 Jeff Bennett - Print Article
E-mail - editor@economyincisis.org

The massive U.S. trade gap with China widened 26 percent to $20.2 billion in April, while the overall deficit rose more than expected to a total of $64.4 billion, according to The Australian.

America rose to power in the 1930s and 1940s by the blood, sweat and tears of the hardworking American citizen. This generation produced quality products – exporting them to European nations – and made the U.S. a strong soverign state. Our previous generations did not rely on the financing of Middle Eastern and East Asian banks and they did not rely on imports. To make America strong for our future generations, it is vital to the emulate the hard work and non-complacency of our previous generations.

Source The Australian:

The US deficit in international trade of goods and services rose by 7.8 per cent to $US60.9 billion ($64.4 billion), the Commerce Department said. Wall Street expected a $US60.00 billion shortfall.

…

The nation's trade gap with China in April jumped 26 per cent to $US20.2 billion. The strategy for managing that deficit will continue to be focused on the Strategic Economic Dialogue, World Trade Organization actions and efforts to increase exports, Secretary of Commerce Carlos Gutierrez said in an interview.

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