IDEAS home Printed from https://ideas.repec.org/a/fip/fedhep/y2005iqivp2-18nv.29no.4.html
   My bibliography  Save this article

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

Author

Listed:
  • Chad P. Bown
  • Meredith A. Crowley
  • Rachel McCulloch
  • Daisuke J. Nakajima

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.

Suggested Citation

  • Chad P. Bown & Meredith A. Crowley & Rachel McCulloch & Daisuke J. Nakajima, 2005. "The U.S. trade deficit: made in China?," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 2-18.
  • Handle: RePEc:fip:fedhep:y:2005:i:qiv:p:2-18:n:v.29no.4
    as

    Download full text from publisher

    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2005/ep_4qtr2005_part1_bown_crowley_mcculloch.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Maurizio Zanardi, 2004. "Anti-dumping: What are the Numbers to Discuss at Doha?," The World Economy, Wiley Blackwell, vol. 27(3), pages 403-433, March.
    2. Michael A. Kouparitsas, 2005. "Is the U.S. current account sustainable?," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jun.
    3. repec:spo:wpecon:info:hdl:2441/8335 is not listed on IDEAS
    4. Chad Bown, 2013. "How Different Are Safeguards from Antidumping? Evidence from US Trade Policies Toward Steel," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 42(4), pages 449-481, June.
    5. Bruce A. Blonigen, 2006. "Evolving discretionary practices of U.S. antidumping activity," Canadian Journal of Economics, Canadian Economics Association, vol. 39(3), pages 874-900, August.
    6. 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 - Leibniz Institute for Economic Research at the University of Munich, vol. 6(1), pages 16-23, June.
    7. Eswar Prasad & Shang-Jin Wei, 2007. "The Chinese Approach to Capital Inflows: Patterns and Possible Explanations," NBER Chapters,in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, pages 421-480 National Bureau of Economic Research, Inc.
    8. Rachel McCulloch, 1988. "United States-Japan Economic Relations," NBER Chapters,in: Trade Policy Issues and Empirical Analysis, pages 303-338 National Bureau of Economic Research, Inc.
    9. Robert C. Feenstra, 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.
    10. 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.
    11. Razin, Assaf & Svensson, Lars E. O., 1983. "Trade taxes and the current account," Economics Letters, Elsevier, vol. 13(1), pages 55-57.
    12. Patrick A. Messerlin, 2004. "China in the World Trade Organization: Antidumping and Safeguards," World Bank Economic Review, World Bank Group, vol. 18(1), pages 105-130.
    13. Patrick Messerlin, 2004. "China in the World Trade Organization: Antidumping and Safeguards," Sciences Po publications info:hdl:2441/8335, Sciences Po.
    14. Jim Levinsohn & Wendy Petropoulos, 2001. "Creative Destruction or Just Plain Destruction?: The U.S. Textile and Apparel Industries since 1972," NBER Working Papers 8348, National Bureau of Economic Research, Inc.
    15. Patrick Messerlin, 2004. "China in the World Trade Organization: Antidumping and Safeguards," Post-Print hal-01019907, HAL.
    16. C. Fred Bergsten & Marcus Noland & Takatoshi Ito, 2001. "No More Bashing: Building a New Japan-United States Economic Relationship," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 105.
    17. Meredith A. Crowley, 2003. "An introduction to the WTO and GATT," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 42-57.
    18. Gary Clyde Hufbauer & Yee Wong, 2004. "China Bashing 2004," Policy Briefs PB04-05, Peterson Institute for International Economics.
    19. 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.).
    20. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bollino, Carlo Andrea, 2007. "Oil prices and the U.S. trade deficit," Journal of Policy Modeling, Elsevier, vol. 29(5), pages 729-738.
    2. Beretta, Silvio & Iannini, Giuseppe, 2007. "A US-EU Economic Block versus China? How Viable is it? A Note," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 60(4), pages 409-420.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedhep:y:2005:i:qiv:p:2-18:n:v.29no.4. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bernie Flores). General contact details of provider: http://edirc.repec.org/data/frbchus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.