U.S.-ASIA TRADE TRENDS

Asians Blame U.S. Victims for Trade Problems –
And Washington Post Mindlessly Transmits the Message

“A chorus of complaints about U.S. trade policies largely drowned out grumbling over China's turbocharged export machine and threatened to put Obama on the defensive at the Asia-Pacific Economic Cooperation forum.”
–The Washington Post, November 15, 2009

U.S. goods trade deficit with Pacific Rim countries -- their share of total U.S. trade deficit, September, 2009: 72.64%

U.S. goods trade deficit with Pacific Rim countries -- their share of total U.S. trade deficit, year-to-date, 2009: 74.42%

Decline in total U.S. trade deficit since 2006 peak* to present:  –47.12%

Decline in U.S. goods trade deficit with Pacific rim countries since 2006* peak:  –22.87%

*based on Jan.-Sept. figures