U.S.-China Trade Facts U.S. goods and private services trade with China totaled $579 billion in 2012 (latest data available). Exports totaled $141 billion; Imports totaled $439 billion. The U.S. goods and services trade deficit with China was $298 billion in 2012. China is currently our 2nd largest goods trading partner … Continue reading →

The trade deficit is a direct consequence of the fact that more workers in other nations are employed producing goods and services for the United States than the other way around. So far, this wealth hemorrhage has been confined to the middle class, compelled to choose between unemployment and underemployment. … Continue reading →