US trade deficit with China surges to a record high

[dArKeR]

The Commerce Department reported that the US' overall trade gap narrowed, while congress was getting ready for another round of China bashing

The US trade deficit declined to US$39.21 billion in August, the smallest gap in six months, reflecting a big drop in imports of cars and foreign oil.

However, America's trade deficit with China surged to an all-time high, a development certain to add to the pressure in Congress to punish China for what critics contend are the country's unfair trade practices.

The US Department of Commerce reported Friday that the August deficit was 2.1 percent lower than a revised July imbalance of US$40.03 billion.

That caught analysts by surprise because they had been forecasting the deficit would widen in August.

http://www.taipeitimes.com/News/biz/archives/2003/10/12/2003071417