US Trade Deficit with China

Obama and Romney completed their second debate this evening, and discussed imports from China and out-sourcing of jobs. In 2011, the latest full calendar year for which we have statistics, the US imported $399bn of goods and services from China and exported $104bn. However, exports grew faster. If imports and exports continue to grow at the rates they did over the three years from 2008 to 2011, this is how long it will take for exports to reach the level of imports.

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