Economic Interests - Cut Fuel Use and the Trade Deficit

by Bruce Stokes

Sat. Sep. 8, 2007


ASPEN, Colo. -- The U.S. trade deficit is likely to reach $750 billion this year. And the imbalance with China may account for about a third of that total. So it is little wonder that trade critics in Washington are pressuring Beijing to appreciate its currency and cut its industrial subsidies. To date, however, these efforts have failed to trim the Chinese surpluses.

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