ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Monday, December 13, 2010
U.S. trade gap falls. Smaller surplus for China.
The U.S. economy saw a small boost last month with the trade balance gap decreasing, the balance down 13% from the $44.6 gap in September. However this gap is expected to widen again over the next year or two. At the same time China's trade gap is also narrowing, as China has recently been pressured to narrow it's export surplus by taking in more foreign goods. Narrowing their surplus and allowing the yuan to balance more with the dollar will be main points of discussion at the U.S.-China Joint Commission on Commerce and Trade meets next week.
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ReplyDeletethat might be due to the decrease in the aggregate demand of the US.
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