ABSTRACT

China-U.S. Trade Issues [Updated March 21, 2006]   [open pdf - 94KB]

"U.S.-China economic ties have expanded substantially over the past several years. Total U.S.-China trade, which totaled only $5 billion in 1980, rose to $285 billion in 2005. China is now the third largest U.S. trading partner, its second-largest source of imports, and its fourth largest export market. With a huge population and a rapidly expanding economy, China is becoming a large market for U.S. exporters. Yet, U.S.-China commercial ties have been strained by a number of issues, including a surging U.S. trade deficit with China, which totaled $202 billion in 2005, China's currency policy, and lax protection of U.S. intellectual property rights (IPR). The continued rise in the U.S.-China trade imbalance, complaints from several U.S. manufacturing firms over the competitive challenges posed by cheap Chinese imports, and concerns that U.S. manufacturing jobs are being lost due to unfair Chinese trade practices have led several Members to call on the Bush Administration to take a more aggressive stance against certain Chinese trade policies deemed to be unfair."

Report Number:
CRS Issue Brief for Congress, IB91121
Author:
Publisher:
Date:
2006-03-21
Series:
Copyright:
Public Domain
Retrieved From:
United States Diplomatic Mission to Italy: http://italy.usembassy.gov/english/
Format:
pdf
Media Type:
application/pdf
URL:
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