What do self-rising pizza, photographic paper and chain-saw chains have in common? They’re all products the U.S has been accused of dumping onto foreign markets.

In other words, some foreign country said U.S. companies were exporting these products at prices lower than they sold for at home — a practice that’s covered under international trade rules that the U.S. more than 100 other countries have agreed to.

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ROMNEY: “We have an enormous trade imbalance with China, and it’s worse this year than last year and it’s worse last year than the year before.”

THE FACTS: That’s true as far as it goes but the imbalance is far from unique to the Obama years. The U.S. has run a trade deficit with China since 1985 and the gap has widened nearly every year since. According to Chinese customs data, Beijing reported a $181.3 billion trade surplus with the United States in 2010. That grew to $202.3 billion last year. The surplus for the first nine months of this year was $161.9 billion, well ahead of the level at this point in 2011.

It’s a myth that the U.S. doesn’t make anything anymore. It’s a myth that we don’t export anything to the rest of the world.
Yes, we import more than we export. Our trade deficit last year was $558 billion
But we export a lot. Last year, U.S. exports were worth $2.1 trillion. Which raises a simple question: $2.1 trillion worth of what?
Read about it here.

It’s a myth that the U.S. doesn’t make anything anymore. It’s a myth that we don’t export anything to the rest of the world.

Yes, we import more than we export. Our trade deficit last year was $558 billion

But we export a lot. Last year, U.S. exports were worth $2.1 trillion. Which raises a simple question: $2.1 trillion worth of what?

Read about it here.