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The U.S. trade deficit: made in China?

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Author Info
Chad P. Bown
Meredith Crowley
Rachel McCulloch
Daisuke J. Nakima

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Abstract

Rapid growth of the U.S. bilateral trade deficit with China has promoted a widespread view that the overall trade deficit is "made in China." The authors examine the probable consequences of increased protection directed toward U.S. imports from China. Their appraisal of recent and prospective U.S. trade policy focuses on textiles and apparel—sectors where the growth of imports from China has been prominent. They also consider the likely effects of yuan appreciation on the bilateral and overall trade deficits.

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Publisher Info
Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

Volume (Year): (2005)
Issue (Month): Q IV ()
Pages: 2-18
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Handle: RePEc:fip:fedhep:y:2005:i:qiv:p:2-18:n:v.29no.4

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Related research
Keywords: Balance of trade ; Balance of trade - China;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Bruce A. Blonigen, 2002. "Evolving Discretionary Practices of U.S. Antidumping Activity," University of Oregon Economics Department Working Papers 2003-20, University of Oregon Economics Department, revised 01 Aug 2003. [Downloadable!]
  2. Eswar Prasad & Shang-Jin Wei, 2005. "The Chinese Approach to Capital Inflows: Patterns and Possible Explanations," NBER Working Papers 11306, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  3. Michael Kouparitsas, 2005. "Is the U.S. current account sustainable?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jun. [Downloadable!]
  4. Thomas J. Prusa, 2001. "On the spread and impact of anti-dumping," Canadian Journal of Economics, Canadian Economics Association, vol. 34(3), pages 591-611, August. [Downloadable!] (restricted)
  5. Maurizio Zanardi, 2004. "Anti-dumping: What are the Numbers to Discuss at Doha?," The World Economy, Blackwell Publishing, vol. 27(3), pages 403-433, 03. [Downloadable!] (restricted)
  6. Robert C. Feenstra et al., 1999. "Discrepancies in International Data: An Application to China-Hong Kong Entrepot Trade," American Economic Review, American Economic Association, vol. 89(2), pages 338-343, May. [Downloadable!] (restricted)
  7. Gardner, Grant W. & Kimbrough, Kent P., 1989. "Tariffs, interest rates, and the trade balance in the world economy," Journal of International Economics, Elsevier, vol. 27(1-2), pages 91-110, August. [Downloadable!] (restricted)
  8. John W. Schindler & Dustin H. Beckett, 2005. "Adjusting Chinese bilateral trade data: how big is China's trade surplus," International Finance Discussion Papers 831, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  9. Bruce A. Blonigen, 2003. "Evolving Discretionary Practices of U.S Antidumping Activity," NBER Working Papers 9625, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. Meredith A. Crowley, 2003. "An introduction to the WTO and GATT," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 42-57. [Downloadable!]
  11. Rachel McCulloch, 1987. "United States-Japan Economic Relations," NBER Working Papers 2408, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  12. Razin, Assaf & Svensson, Lars E. O., 1983. "Trade taxes and the current account," Economics Letters, Elsevier, vol. 13(1), pages 55-57. [Downloadable!] (restricted)
  13. Catherine L. Mann, 2005. "Breaking Up is Hard to Do: Global Co-Dependency, Collective Action, and the Challenges of Global Adjustment," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 6(1), pages 16-23, 06. [Downloadable!]
  14. Patrick A. Messerlin, 2004. "China in the World Trade Organization: Antidumping and Safeguards," World Bank Economic Review, Oxford University Press, vol. 18(1), pages 105-130.
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