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Ag/Food imports skyrocketing |
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Written by Stumo
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Thursday, 06 December 2007 |
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98% of the world's population lives outside the U.S., say the free
traders. We need trade agreements to sell our stuff to
them!
Funny how the reverse is true. 99% of the
world's farmers are outside the U.S., and they sell more to us.
Alan Tonelson has the numbers.
*****
AmericanEconomicAlert.org | Fighting for American Companies, Fighting for American Jobs
GLOBALIZATION FACTLINE
Farm Product Imports from China Keep Surging
By Alan Tonelson
Wednesday, December 05, 2007
U.S.-CHINA TRADE TRENDS:
Change in U.S. farm products imports from China, fiscal 2006 - fiscal 2007: +32.89%
Change in U.S. global farm products imports, fiscal 2006 - fiscal 2007: +9.39%
China’s share of U.S. global farm products imports, fiscal 2004: 2.98 percent
China’s share of U.S. global farm products imports, fiscal 2007: 4.00 percent
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In the news
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The following article was written by Peter Morici, a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission.
The Treasury is injecting another $27 billion into AIG and raising the
taxpayers’ investment to $150 billon. Secretary Paulson appears more
intent on helping his pals on Wall Street than protecting taxpayer
interests.
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