US-China trade deficit news stories on Newser

Booming China Wants More of Our ... Soybeans

Mark Russell — Mon, 12 Mar 2012 15:27:48 CDT

China is growing richer, and it wants more and more of what our land produces. US exports to the country are up 50% over 2008, and food led the pack last year—soybeans in particular. Why? They're cheaper to import than feed grain, and are used to beef up cattle...

China Threatens 'Trade War' Over Senate Bill

Kevin Spak — Mon, 10 Oct 2011 10:54:24 CDT

A senior Chinese official warned today that the US is in for a “trade war” if it enacts a Senate bill that would punish China for artificially keeping its currency low. The bill “in no way represents the reality of the economic and trade relationship between China and the US,...

Joe Biden to China: 'US Never Will Default'

Mark Russell — Sun, 21 Aug 2011 05:51:35 CDT

Vice President Joe Biden wrapped up his five-day visit to China with a strong message of China-US interdependence and firm promises that the United States would never default on its debt, reports Reuters . Speaking in the southwest city of Chengdu earlier today, Biden emphasized the continued strength of the US...

'Guidelines,' No Specifics, at G20

Matt Cantor — Fri, 12 Nov 2010 10:07:37 CST

G20 leaders have agreed to curb “persistently large imbalances” in saving and spending and set “indicative guidelines” against trade imbalances, but more specific decisions on how to identify and fix said imbalances were left until next year, reports the New York Times . The finance minsters are to agree on these...

China's Hurting Us By Lending to Us

Nick McMaster — Mon, 13 Sep 2010 13:49:01 CDT

When Japan’s finance minister complained last week about recent Chinese purchases of Japanese bonds, it “made me want to bang my head against the wall in frustration,” writes Paul Krugman of the New York Times . See, the US has repeatedly refused to do anything about China’s constant currency manipulation, afraid...

China Beats Japan to Become 2nd-Largest Economy

Jane Yager — Mon, 16 Aug 2010 05:41:00 CDT

In an unprecedented feat for a still-developing country, China has become the world's second-largest economy after edging ahead of Japan. Second-quarter GDP figures show China's output at $1.339 trillion, well ahead of Japan's $1.288 trillion. Because China is already in the habit of outperforming Japan in the later...

Obama Can Expect No Love From Beijing in 2010

Rob Quinn — Tue, 12 Jan 2010 04:37:00 CST

China's brimming with confidence and that means a rocky year ahead for the world's most important relationship, writes Roger Cohen. US-China relations are likely to take a turn for the worse this year as Beijing, buoyed by its ever-expanding economy and $2 trillion in foreign reserves, rejects President Obama's overtures...

Obama Tone in China Reflects New Power Realities

Rob Quinn — Wed, 18 Nov 2009 05:20:00 CST

President Obama's starkly different tone in his visit to China—more congratulatory than confrontational—is less a shift in policy from his predecessors than a change in the two country's roles, write Andrew Higgins and Anne Kornblut in the Washington Post . When President Clinton visited in 1998, the US was...

Obama's China Visit Achieves Little

John Johnson — Tue, 17 Nov 2009 16:48:28 CST

President Obama and Chinese leader Hu Jintao paid lip service today to the idea of stronger US-China relations, but Obama's visit has done nothing but highlight the "yawning differences" between the two nations on economic issues, writes Dexter Roberts. "Lofty statements of common interests aside, the all-important Sino-US economic relationship...