Published by World Tibet Network News - Saturday, July 27, 1996Seattle Post-Intelligencer
WASHINGTON (July 26, 1996 ) -- U.S. purchases of shoes, toys, machinery and other goods from China last year resulted in a record trade deficit with that country of $33.8 billion, the U.S. International Trade Commission reported yesterday.
The deficit rose from $29.4 billion in 1994 despite a decline in U.S. purchases of textiles, mostly clothes, which had previously been growing.
According to the commission, the United States bought $45.4 billion worth of goods from China in 1995, while selling the Chinese $11.6 billion. Fertilizers, airplanes and cotton were the main U.S. exports.