is the newred - Thirdway
BLACK IS THE NEW RED OIL DRIVES TRADE DEFICITS... $0
...TRADE DEALS DON’T Critics claim that free trade agreements (FTAs) drive U.S. trade deficits. Bu ut imported oil
drriver of Am Ame eric i a’ a s trrad ade de d fic ficitt. $ 191
B I LLI ON
-$ 120
accounts for ALL L of America’s trade deficit with our 17 current trade d agree eement partners.
Imported d cru rude oill a acc ccou ount ntss U.S. TRADE BALANCE WITH 17 FREE TRADE AGREEMENT COUNTRIES
for $19 fo 91 billio on (ap ppr prox oxim imat atel elyy on nee third) d off Am Amer ericca’ a s $6 $635 35 b ll bi llio on trade e de defic ficit it.
-$ 240
IF OIL WERE A COUNTRY, it would be
Overall
Excluding Crude Oil
Manufactured Goods
$ 71 BILLION
$ 6.5 BILLION
$ 2 3 BILLION
DEFICIT
SURPLUS
SURPLUS
$ 20
America’s second largest trade deficit partner. $0
1. China
-$ 360
-$ 20
2. Oil -$ 480
If crude oil is excluded, the United States has a Trade Surplus with our FTA partners, including a healthy $23
-$ 40
3. Japan
billion trade surplus in job-creating manufactured exports, like chemicals, industrial machinery, construction equipment, and consumer goods.
-$ 60
-$ 600 U.S. TRADE DEFICIT
$ 635 B I L L I O N
Made in USA
Trade in goods only. 2010 Data. Current U.S. free trade agreement partners are Australia, Bahrain, Canada, Chile, Costa Rica, Dominican Republic, El Salvador, T Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Peru, and Singapore. A data from the U.S. Census, the U.S. Department of Commerce, and the U.S. International Trade Commission. Infographic by Tim Duffy © 2011 Third Way. All Free for re-use with attribution. For more, visit Third Way at www.thirdway.org Fre y g.
...TRADE DEALS DON’T Critics claim that free trade agreements (FTAs) drive U.S. trade deficits. Bu ut imported oil
drriver of Am Ame eric i a’ a s trrad ade de d fic ficitt. $ 191
B I LLI ON
-$ 120
accounts for ALL L of America’s trade deficit with our 17 current trade d agree eement partners.
Imported d cru rude oill a acc ccou ount ntss U.S. TRADE BALANCE WITH 17 FREE TRADE AGREEMENT COUNTRIES
for $19 fo 91 billio on (ap ppr prox oxim imat atel elyy on nee third) d off Am Amer ericca’ a s $6 $635 35 b ll bi llio on trade e de defic ficit it.
-$ 240
IF OIL WERE A COUNTRY, it would be
Overall
Excluding Crude Oil
Manufactured Goods
$ 71 BILLION
$ 6.5 BILLION
$ 2 3 BILLION
DEFICIT
SURPLUS
SURPLUS
$ 20
America’s second largest trade deficit partner. $0
1. China
-$ 360
-$ 20
2. Oil -$ 480
If crude oil is excluded, the United States has a Trade Surplus with our FTA partners, including a healthy $23
-$ 40
3. Japan
billion trade surplus in job-creating manufactured exports, like chemicals, industrial machinery, construction equipment, and consumer goods.
-$ 60
-$ 600 U.S. TRADE DEFICIT
$ 635 B I L L I O N
Made in USA
Trade in goods only. 2010 Data. Current U.S. free trade agreement partners are Australia, Bahrain, Canada, Chile, Costa Rica, Dominican Republic, El Salvador, T Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Peru, and Singapore. A data from the U.S. Census, the U.S. Department of Commerce, and the U.S. International Trade Commission. Infographic by Tim Duffy © 2011 Third Way. All Free for re-use with attribution. For more, visit Third Way at www.thirdway.org Fre y g.
