Blog: Leonie BarrieA trade cop for a trade gap

Leonie Barrie | 9 February 2006

The US government is due to release year-end trade surplus/deficit data for 2005 tomorrow, with figures likely to show an all-time-high. The US trade deficit in 2005 is expected to skyrocket to the $720 to $730bn range, with $200bn coming from China industry sources say. The results will no doubt add fuel to yesterday’s request from Democrats on the House of Representatives Ways and Means Committee for a so-called Congressional Trade Enforcer to investigate trade violations and recommend trade cases that the US Trade Representative's office should take up with the World Trade Organisation. Lawmakers believe the government has contributed to the record trade gap by failing to file enough unfair trade cases against other countries at the World Trade Organisation. But instead of this time-consuming and costly exercise, companies would surely be better off if they stopped penalising through protectionism and instead found competitive edges to give them a steadfast lead?

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