The U.S. Olympic Committee, with its
A quick recap: Americans competing in the
Politicians, including House Speaker
Why the heated words?
American manufacturing, long held to be a key driver of the recovery, shrunk for the first time in nearly three years last month. Stalling factories mean under-worked or even unemployed workers.
Though there’s been a push lately by American producers to relocate back to the U.S. from China, the Asian superpower’s manufacturing might remains a sore spot.
Remember last year, when it was discovered that miniature statues of American presidents for sale in the Smithsonian were made in China? Or how
The overall situation may be improving. In May, exports out of the U.S. increased slightly to $183.1 billion, about 0.2%, according to the Census Bureau on Wednesday. Imports slipped 0.6% to $231.8 billion.
Last year, the
The goods deficit with the Asian powerhouse increased in May to $26 billion as the U.S. imported computers, telecommunications equipment and other goods. Five years ago, the shortfall was just $20.2 billion.
The U.S. conducts 13.3% of all its trade with China, which is topped as a trading partner only by Canada.
Americans aren’t the only ones fussing over the origins of their Olympic outfits, however. New Zealand’s uniforms were designed in Italy and made there, as well as in Turkey and China. British press has claimed that the