The U.S. Trade Deficit with China: An Excuse

Tao Yuan ()
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Tao Yuan: Nankai University

Chapter Chapter 5 in On China's Trade Surplus, 2014, pp 77-94 from Springer

Abstract: Abstract With development of economic globalization and China’s opening-up policy, the economic and trade relationship between China and the U.S., which are the largest developing country and the largest developed country respectively, have significant influence on the two countries themselves and the whole world. The U.S. is the largest trade partner and over-sea market of China, and China is the largest trade deficit source of the U.S. The U.S. continuously dispraises China’s exports and exchange rate of RMB, and tries to contribute them to the imbalance of global economy. In fact, the most important reasons of the U.S. trade deficit are dollar hegemony and economic structure of the U.S., which means that even when there are no China’s exports the U.S. trade deficit will not disappear. The U.S. trade deficit with China is an excuse, which the U.S. takes to suppress China’s economic advantage.

Keywords: Central Bank; East Asian Country; Trade Deficit; Current Account Deficit; Reserve Currency (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbrcp:978-3-642-38925-2_5

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DOI: 10.1007/978-3-642-38925-2_5

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