Trade Deficit with China Continues to Expand: Why?

 |  Includes: CAF, DIA, FXI, GXC, PGJ, QQQ, SPY
by: Howard Richman

On August 12, the Bureau of Economic Analysis reported the trade figures for the month of June. The overall US trade deficit climbed slightly, reversing the slight downturn in May. Our trade deficit in goods with China climbed for the fourth month in a row, as shown in the chart below:

Click to enlarge

Why is our trade deficit with China expanding? The answer lies in the Obama administration's acquiescence to China's job-stealing policy. Let's review the events since President Obama took office:

Disclosure: No positions