March 2015 Trade Bulletin

Bilateral trade: U.S. goods deficit with China grew in January 2015 on the weakness of U.S. exports; bilateral policy issues: The U.S. Treasury said China reduced foreign exchange intervention in the second half of 2014; USTR is challenging China’s export subsidy program at the WTO; policy trends in China’s economy: New rules by Chinese government would bar U.S. technology firms from key tech-intensive sectors of the Chinese market; Chinese public increases use of e-commerce tools during the 2015 Chinese New Year; sector spotlight -- Cotton: China’s policy changes reduce U.S. cotton exports price advantage and market access.