trade deficit

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The Only Way to Get China to Act


I wish there were a class called China 101 that every member of Congress had to attend. This would be the first lesson: if you really want the Chinese to do something, never pressure them about it in public. Loss of face is anathema in the Middle Kingdom. Which is why when the U.S. Senate passed a bill hinting at tariffs on Chinese …

Are High Oil Prices Good for U.S.-China Trade?

The U.S. trade deficit climbed 6% in March, according to numbers out from the Commerce Department. But the widening trade gap, the highest since June 2010, may not be as worrisome as it seems. Much of the jump has to do with the recent uptick in oil prices, which makes the U.S. bill for oil imports more expensive. But if you take oil …