The USA trade and budget deficits since the signing of NAFTA:
By Daniel at 3 February, 2010, 10:34 pm
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1 ….. China ….. $296,200,000,000
2 ….. Japan ….. $131,200,000,000
3 ….. Germany ….. $109,700,000,000
4 ….. Switzerland ….. $79,180,000,000
5 ….. Norway ….. $58,560,000,000
6 ….. EU ….. $51,400,000,000
7 ….. Russia ….. $42,080,000,000
8 ….. Taiwan ….. $34,040,000,000
9 ….. Netherlands ….. $33,720,000,000
10 ….. Korea, South ….. $30,380,000,000
11 ….. Hong Kong ….. $28,340,000,000
181 ….. Portugal ….. ($18,610,000,000)
182 ….. Belgium ….. ($18,920,000,000)
183 ….. UK ….. ($32,370,000,000)
184 ….. Australia ….. ($33,310,000,000)
185 ….. Canada ….. ($36,320,000,000)
186 ….. Greece ….. ($40,820,000,000)
187 ….. France ….. ($43,670,000,000)
188 ….. Italy ….. ($55,440,000,000)
189 ….. Spain ….. ($69,460,000,000)
190 ….. United States ….. ($380,100,000,000)
USA Trade And Budget Deficits Since NAFTA (Millions of dollars)
Year … Trade … Budget … Total
1992 … (39,212) … (290,321) … (329,533)
1993 … (70,311) … (255,051) … (325,362)
1994 … (93,493) … (203,186) … (296,679)
1995 … (96,384) … (163,952) … (260,336)
1996 … (104,065) … (107,431) … (211,496)
1997 … (108,273) … (21,884) … (130,157)
1998 … (166,140) … 69,270 … (96,870)
1999 … (265,090) … 215,610 … (49,480)
2000 … (379,835) … 236,241 … (143,594)
2001 … (365,505) … 128,236 … (237,269)
2002 … (421,601) … (157,758) … (579,359)
2003 … (495,035) … (377,585) … (872,620)
2004 … (609,987) … (412,727) … (1,022,714)
2005 … (715,269) … (318,346) … (1,033,615)
2006 … (760,359) … (248,181) … (1,008,540)
2007 … (701,423) … (160,701) … (862,124)
2008 … (695,937) … (458,555) … (1,154,492)
2009 … (435,951) … (1,412,686) … (1,848,637)
Totals … (6,523,870) … (3,939,007) … (10,462,877)
2009 Numbers are estimates at this time, may go up.
Basically the USA has added $10.5 TRILLION in debt in one shape or another since NAFTA and other “Trade” agreements started pulling the economy out of the USA.
Now, the latest “budget” shows $1.6 TRILLION in deficit, coupled with another $600 Billion probable trade deficit for 2010, another $2.2 TRILLION added to the above. Something needs to be done NOW!!!
By the way, the TOP three countries with TRADE SURPLUSES? ALSO the TOP THREE countries the USA has a DEFICIT with!! THINK ABOUT IT!
- irishscot2
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