Top Ten Countries with which the U.S. has a Trade Deficit
For the month of August 1998
Year To Date
Deficit in Deficit in
Millions Millions
Country Name of U.S. $ of U.S. $
CHINA -5,908.50 -36,448.12
JAPAN -5,200.22 -41,390.52
FEDERAL REPUBLIC OF GERMANY -2,051.64 -15,079.42
CANADA -1,819.29 -11,972.00
MEXICO -1,758.75 -10,040.74
TAIWAN -1,574.17 -9,741.84
ITALY -1,236.78 -8,212.58
MALAYSIA -1,170.50 -5,761.95
THAILAND -892.02 -5,387.69
KOREA, REPUBLIC OF -779.96 -5,777.21
Do you see an OPEC country in the above? You would get a bigger
impact on trade balance by imposing a surcharge on DRAMs. But
then that would make US telecom, computer, and other electronic
equipment less competitive. |
