February 9, 2016
America's 'China Trade Deficit' Has Become a Security Problem
by Peter Navarro
The U.S. trade deficit with China hit a critical milestone in 2015. It now stands at a mind-numbing $1 billion a day, and that $365 billion annual trade deficit continues to rise with the lift of China's illegal export subsidies, sweatshop labor, pollution havens and undervalued currency.
The failure to understand that America's Chinese import dependence has now reached critical mass as a national security issue comes from the very mind-numbing magnitude of the numbers involved. Let's see, however, if we can put the size of the U.S. trade deficit with China into some perspective; and let's start with the F-22—the only U.S. fighter jet with the agility, speed and stealth to overcome the latest Russian air defense systems and newest Chinese and Russian fighters.