2017 U.S. – China Trade

January 31, 2018 A picture is worth one thousand words. Here’s a chart of the U.S. trade deficit with China. 2017 : U.S. trade in goods with China (U.S. Census Bureau) NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not … Continue reading

Hydrogen Exports as a Specific Special Drawing Rights (SDR) Criterion

May 22, 2017   Background Historically, shifts in reserve currencies have brought pivotal changes in the global balance of power. Beginning with the 15th Century, which marked Western Europe’s global ascendancy, the currencies of the empires of Portugal (1450-1530), Spain (1530-1640), the Netherlands (1640-1720), France (1720-1815), Britain (1815-1920), the USA … Continue reading

Trade Graphs

Trade with China, 1985-2013 (in millions of dollars) Total Trade Deficit, 1980-2013 (in millions of dollars) Source: U.S. Department of Commerce

The Caribbean

G-20 Infrastructure Commitment On November 16, 2014 leaders of G-20 nations in Brisbane, Australia presented a plan to boost global GDP by more than $2 trillion over five years by investing in infrastructure and increasing trade. Presumably the infrastructure they have in mind will include projects to reduce the use … Continue reading

Trade Deficit With China

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

Trade Deficit

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

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