According to the U.S. Department of Commerce, in January of this year American imported $ 38,187 million and exported $ 10,357 million already made $27, 839 deficit in 2014. The total trade deficit was $318,417 million in 2013, when it was $226,877million in 2009 and $ 162,254 million in 2005. The imbalance has been rising every year henceforth China became the member of the World Trade Organization (WTO) in 2001, the Chinese economy was growing by 18% each year while America was below 3%. Confronting the trade imbalance with a developing country is not the first-time experience for the U.S. As a precedent,...
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