by Martin Crutsinger, AP Economics Writer - Washington:
"The U.S. trade defict surged to a record $34.3 billion in September (2000) ... for cars, clothes, and other foreign (made) goods hit an all time high while exports shrank slightly."
The $8.7 Billion deficit with China was the largest ever recorded with any country ... by increased shipments of Chinese auto parts, telecommunications equipment and toys. (Big increases were recorded in imports of computer chips, civilian aircraft, telecommunications equipment, autos and other consumer goods, including clothing and televisions.)
The Commerce Department reported ... the September (2000) deficit ($34.3 billion) was up a sharp 15 percent from an August (2000) imbalance of $29.8 billion. It ... surpassed the old record of $31.7 billion imbalance set in July (2000).
So far this year (2000), the trade deficit is running at an annual rate of $360 billion, far above the record $265 billion set last year (1999)."
REMINDER: "The current account (maintained by the U.S. Commerce Departmet) is considered the best measurement of a country's international economic (trade balance) standing, because it measures not just the goods and services reflected in monthly trade reports but also investment flows between countries and unilateral transfers, including U.S. foreign aid payments."
Continuation of M. Crutsinger's report:
"A blue ribbon U.S. Trade Deficit Review Commission (was) created by Congress to study the problem, divided sharply along party lines ... on causes of the deficit.
Republicans (perverts of 'capitalism') said, "the imbalance reflected that ... the United States has been growing at a much faster rate than other nations.
Ques: What is the 'Republican party organization' meaning of 'growth'? What do these supporters of perversion of 'capitalism' mean by 'growth'? How do Republicans define, propose or imagine measurement or rate of 'growth'? Ask your 'Republican' Representatives in the House or Senate these Questions.
Democrats (the 'socialists') "spotlighted problems with foreign trade barriers to U.S. exports."
Ques: What, specifically, are the barriers to U.S. exports spotlighted (by these 'socialists') as problems. Ask your Democrat (socialist) Representatives in the House or Senate these Questions.
This website has gone to great lengths to answer these questions for you - deliberate destruction of U.S. industrial engineering and manufacturing complexes and facilties through (1) destructive inflationary monetary policy and (2) overly complex and destructive tax policy since the end of World War II in 1945.
Advance to Trade Deficit Report for October 2000 Update
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