US China Trade

In 2019 the US Trade Deficit with China was reduced by $98.704B thanks to US Tariffs on Chinese goods.

In 1985, the US Trade Deficit with China was $6.0 million.

The US was in an Electronics Manufacturing surge with the PC and planning to retool telephony. Foreign countries were buying last years’ designs and US electronics technology was advancing rapidly. In 1985, China’s GDP was $309.5 billion and US GDP was $4.347 trillion. 

The US Trade Deficit with China from 1985 to 2019 is outlined below.

Year      Exports       Imports           Deficit

2019     $97.7517B   $418.5750B   -$320.8234B

2018   $120.1481B   $539.6756B   -$419.5274B

2017   $129.7976B   $505.2202B   -$375.4226B

2016   $115.5948B   $462.4200B   -$346.8252B

2015   $115.8734B   $483.2017B   -$367.3283B

2014   $123.6572B   $459.4749B   -$344.8144B

2013   $121.7462B   $440.4300B   -$318.6838B

2012   $110.5166B   $425.6191B   -$315.1025B

2011   $104.1215B   $399.3712B   -$295.2497B

2010     $91.9111B   $364.9526B   -$273.0416B

2009     $69.4967B   $296.3739B   -$226.8772B

2008     $69.7328B   $337.7726B   -$268.0398B

2007     $62.9369B   $321.4429B   -$258.5060B

2006     $53.6730B   $287.7744B   -$234.1013B

2005     $41.1920B   $243.4701B   -$202.2781B

2004     $34.4278B   $196.6820B   -$162.2543B

2003     $28.3679B   $152.4361B   -$124.0682B

2002     $22.1277B   $125.1926B   -$103.0649B

2001     $19.1823B   $102.2784B     -$83.0961B

2000     $16.1852B   $102.0182B     -$83.8330B

1999     $13.1111B     $81.7882B     -$68.6771B

1998     $14.2412B     $71.1686B     -$56.9274B

1997     $12.8622B     $62.5577B     -$49.6955B

1996     $11.9926B     $51.5128B     -$39.5202B

1995     $11.7537B     $45.5432B     -$33.7895B

1994       $9.2817B     $38.7868B     -$29.5051B 

1993       $8.7629B     $31.5399B     -$22.7770B

1992       $7.4185B     $25.7275B     -$18.3090B

1991       $6.2782B     $18.9692B     -$12.6910B

1990       $4.8064B     $12.2374B     -$10.4310B

1989       $5.7554B     $11.9897B       -$6.2343B

1988       $5.0216B       $8.5109B       -$3.4893B

1987       $3.4073B       $6.2396B       -$2.7963B

1986       $3.1063B       $4.7710B       -$1.6647B

1985       $3.8557B       $3.8617B            -$6.0M

Total Deficits                          $5.5272606 trillion

https://www.census.gov/foreign-trade/balance/c5700.html#2019

The US Trade Deficits with China grew under Bush I, Clinton Bush II and Obama from 1989 to 2016 from $3.5 billion to $350 billion and totals over $5.5 trillion from 1985 to 2019.

7 million US manufacturing jobs were off-shored. Trump is on track to return these jobs back to the US by reducing corporate taxes and unnecessary regulations, using reciprocal bilateral trade agreements and Tariffs.

Norb Leahy, Dunwoody GA Tea Party Leader