Description
Visit the U.S. Government Web site, TradeStats Express: https://www.census.gov/foreign-trade/balance/c5700.html
- Find National Trade Data.
- Determine the trade balance between the U.S. and China for the most recent five year period.
- Illustrate the trend over this period with a graph of the data.
Based on the data provided, create a report in Microsoft Word discussing the trade balance between China and the U.S. for the most recent five year period. In your discussion, include an analysis of the effect of such trade balance on the economies of China and the U.S., both individually and comparatively. Justify your discussion and analysis by using appropriate examples and references. Include in your report an analysis of the impact on the U.S. economy of the situation where China holds such a large amount of the U.S. debt.
Explanation & Answer
Attached.
Running head: USA TRADE DEFICIT
1
USA Trade Deficit
Student’s Name
Institutional Affiliation
Instructor
Date
USATRADE DEFICIT
2
A table showing trade balance between USA and China (figures in $ Millions)
Source: (United States Census Bureau, 2018).
A Graph showing the trend of trade balance between USA and China (between years 2014-2018)
600000
500000
400000
Exports
300000
Imports
Balance
200000
100000
0
2018
2017
2016
2015
2014
USATRADE DEFICIT
3
After analyzing the Trade between USA and China, it is clear that there exists a trade
deficit between the two nations. For instance, back in the year 2014, the trade deficit was $344
billion. This was as a result of the imbalance between the USA exports and imports in China.
The exports ranged at $123 billion where the imports were $468. In the year 2015, the deficit
increased to $367 billion. This was as a result...
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