This is as-of Nov 2012
Saudi Arabia and Venezuela are some what understand because they are our #2 & #3 source of oil. Canada is somewhat understandable, because they are out #1 source of foreign oil and they have a much smaller population, but we share a border with them we should be exporting more items to them.
What is happening with China, Germany, Japan, South Korea and Mexico is UNACCEPTABLE!!!
CHINA: The deficit with China is $300 BILLION YTD! Why do we let them rape us like this. We are in a trade war with them, only problem we are not fighting it, but they are!
MEXICO: Prior to NAFTA we had a surplus with Mexico, now our deficit is spinning out of control and it's laughable. Soon we will be sending illegal gringos South of the border to get work!
JAPAN and GERMANY: How can it be? Both have high salaries, high standard of living and costs similar to ours? Yet they seem to sell us crap but not the other way around!
SOUTH KOREA: New comer to the list. Yes we signed the increase the deficit deal with SK! Working just like we thought it would. They kept up their trade barriers with us and we removed the few we had with them. 2013 they will be right behind Canada on the list!
This is sick and disgusting and this is an Obama thing! This has been going on for decades and was put into over-drive by Clinton. He signed NAFTA, he removed the trade barriers with China and he helped propel China into the WTO.
Right now the manufacturing sector makes up 9% of work force, true we still produce 18.2% of the world's goods in dollar amount, but the workforce is too small. Healthy for developing countries like China and Russia should be 40%+, which both are, but for industrialized countries like ours, 25%+ is the mark, we are less than HALF of that and shrinking!
Foreign Trade: Data
Year To Date
Deficit in Deficit in
Millions Millions
Country Name of U.S. $ of U.S. $
China -28,953.78 -290,600.45
Germany -6,237.44 -54,315.66
Japan -6,190.10 -70,592.12
Mexico -4,864.03 -57,417.48
Canada -3,001.41 -28,880.90
Saudi Arabia -2,614.92 -35,803.94
Ireland -2,296.48 -24,435.73
Italy -2,086.03 -19,306.79
Venezuela -1,980.87 -19,788.03
Korea, South 1,789.30 -15,426.18
Saudi Arabia and Venezuela are some what understand because they are our #2 & #3 source of oil. Canada is somewhat understandable, because they are out #1 source of foreign oil and they have a much smaller population, but we share a border with them we should be exporting more items to them.
What is happening with China, Germany, Japan, South Korea and Mexico is UNACCEPTABLE!!!
CHINA: The deficit with China is $300 BILLION YTD! Why do we let them rape us like this. We are in a trade war with them, only problem we are not fighting it, but they are!
MEXICO: Prior to NAFTA we had a surplus with Mexico, now our deficit is spinning out of control and it's laughable. Soon we will be sending illegal gringos South of the border to get work!
JAPAN and GERMANY: How can it be? Both have high salaries, high standard of living and costs similar to ours? Yet they seem to sell us crap but not the other way around!
SOUTH KOREA: New comer to the list. Yes we signed the increase the deficit deal with SK! Working just like we thought it would. They kept up their trade barriers with us and we removed the few we had with them. 2013 they will be right behind Canada on the list!
This is sick and disgusting and this is an Obama thing! This has been going on for decades and was put into over-drive by Clinton. He signed NAFTA, he removed the trade barriers with China and he helped propel China into the WTO.
Right now the manufacturing sector makes up 9% of work force, true we still produce 18.2% of the world's goods in dollar amount, but the workforce is too small. Healthy for developing countries like China and Russia should be 40%+, which both are, but for industrialized countries like ours, 25%+ is the mark, we are less than HALF of that and shrinking!