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To: Axxel who wrote (14938)11/14/1998 9:56:00 PM
From: Les H  Read Replies (1) | Respond to of 67261
 
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.