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Response to limpyhobbler (Original post)

Tue Sep 4, 2012, 01:57 PM

5. We have "free-trade" agreements with 3 of those: Australia, Singapore and Chile and a trade surplus

with all of them in 2011 and so far in 2012.

Australia:
Exports from the US: in 2011 - $27.5 billion; so far in 2012 - $15.3 billion;
Imports into the US: in 2011 - $10.2 billion; so far in 2012 - $4.8 billion;
Net US trade surplus with Australia - $17.3 billion in 2011 and $10.5 billion so far in 2012 (through 6/30/12)

Chile:
Exports from the US in 2011 - $16.0 billion; so far in 2012 - $9.0 billion;
Imports into the US in 2011 - $9.1 billion; so far in 2012 - $4.9 billion;
Net US trade surplus with Chile - $6.9 billion in 2011 and $4.1 billion so far in 2012 (through 6/30/12)

Singapore:
Exports from the US in 2011: $31.2 billion; so far in 2012 - $15.3 billion;
Imports into the US in 2011: $19.1 billion; so far in 2012 - $10.1 billion;
Net US trade surplus with Singapore - $12.1 billion in 2011 and so far in 2012 - $5.2 billion.

http://www.census.gov/foreign-trade/balance/index.html

Not only that but - it gets worse - Obama may be planning to open trade negotiation with (gasp!!) the EU that high-wage, unionized, highly-regulated economic behemoth to our east.

"His (Obama's) administration is also exploring trade talks with the 27-nation European Union and could make a decision to launch negotiations with Brussels by the end of the year."

http://in.reuters.com/article/2012/08/16/us-usa-campaign-trade-idINBRE87F11420120816

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Arrow 12 replies Author Time Post
limpyhobbler Sep 2012 OP
Brickbat Sep 2012 #1
dwilso40641 Sep 2012 #2
Dawgs Sep 2012 #3
nadinbrzezinski Sep 2012 #4
LineNew Reply We have "free-trade" agreements with 3 of those: Australia, Singapore and Chile and a trade surplus
pampango Sep 2012 #5
amandabeech Sep 2012 #11
Nye Bevan Sep 2012 #6
msongs Sep 2012 #8
limpyhobbler Sep 2012 #12
Joe Shlabotnik Sep 2012 #7
woo me with science Sep 2012 #9
woo me with science Sep 2012 #10
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