Post Tagged with: "trade balance"

April 11, 2010 18:24

Oil, Not China, Is The Real Destroyer Of America’s Trade Balance

Thus the U.S. could use a little less finger-pointing at China… and a lot less foreign oil usage… if it really wants to correct its global trade imbalance. This is a huge argument against U.S. trade protectionism since protectionism would miss the largest cause of America’s trade deficit while only hurting U.S. export prospects by pissing off trade partners.