H.R.169 - Balancing Trade Act of 2007 Sponsor: Marcy Kaptur / 110th Congress

Title
110th Congress - To require that, in cases in which the annual trade deficit between the United States and another country is $10,000,000,000 or more for 3 consecutive years, the President take the necessary steps to create a more balanced trading relationship with that country. hidemore...
Summary
To require that, in cases in which the annual trade deficit between the United States and another country is $10,000,000,000 or more for 3 consecutive years, the President take the necessary steps to create a more balanced trading relationship with that country. (by CRS)
Status
The bill has been introduced.

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HR 169 by Navid Khajehnajafi, Aug 5, 2008 (8:33pm)

The U.S. trade imbalance from 1992 to 2002 shows the progression towards trade dependency as well as the discrepancy between the U.S. trade imbalance in services and the imbalance in goods.

With respect to China alone, the U.S. has surpassed the bill’s suggested $10 billion trigger for action every year since 1991, with a trade deficit reaching $256 billion for the 2007 calendar year.

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HR 169 (cont.) by Navid Khajehnajafi, Aug 5, 2008 (8:43pm)

The CATO Institute characterizes HR 169 and similar bills as a sign of American economic exceptionalism.

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