Tuesday, September 11, 2007

Trade gap narrows despite jump in Chinese imports - Sep. 11, 2007

Trade gap narrows despite jump in Chinese imports - Sep. 11, 2007:

China, despite its size and rapid growth, bought only $4.8 billion of U.S. goods in July.

The only better market for U.S. goods are the nations of the European Union as a group, which bought $18.9 billion in U.S. exports while selling $31.9 billion in exports to the United States as a group. But no European country by itself was anywhere near the level of Chinese goods shipped here.

The trade gap of goods to and from China now accounts for 40.2 percent of the nation's overall trade gap, up from 35.6 percent in June and 29 percent a year ago.

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