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Goods and Services Deficit Increases in March 2003

John Lee
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Joined: Aug 05, 2001
Posts: 2545


Goods and Services Deficit Increases in March 2003
Anonymous
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Joined: Nov 22, 2008
Posts: 18944
So?
SJ Adnams
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Joined: Sep 28, 2001
Posts: 925
ya exactly. who cares.
In my economics book it says something like "reporting the trade deficit is like reporting the number of bald men resident in a country".
here is what google found me:
http://www.meti.go.jp/english/information/downloadfiles/cw91125e.pdf
John Lee
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Joined: Aug 05, 2001
Posts: 2545
clearly, china, japan, western europe create most of the deficit fot usa.
the goods deficit with china ($7.7b), with japan ($5.8b), with w. europe ($7.8b).
usa's imports from china (primarily computer accessories and computers), from japan (primarily TV's and VCR's, automotive parts, and toys, games, and sporting goods), from w. europe (primarily passenger cars, other petroleum products, and pharmaceutical preparations)
usa's exports to china (primarily civilian aircraft, raw cotton, and semiconductors), to japan (primarily industrial engines and computer accessories), w. europe (primarily civilian aircraft, pharmaceutical preparations, civilian aircraft engines, and passenger cars)
i found usa's imports from china is primarily computer accessories and computers, which is quite contrary to my previous belief.
 
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