America’s deficit in the year before “Operation Iraqi Freedom” invasion started on March 20, 2003 rose 64% to $767.5 billion in 2005 from $468.3 billion in 2002.

clipped from internationaltrade.suite101.com
Telling statistics reveal which countries bought the most American exports & sold the most imports at the expense of Uncle Sam’s deficit since the 2003 invasion of Iraq.
Top 10 Countries Contributing to U.S. Trade Deficit

  • China … -$201.5 billion (up 95.4% from 2002)
  • Japan … -$82.5 billion (up 17.9%)
  • Canada … -$78.5 billion (up 62.9%)
  • Germany … -$50.6 billion (up 40.9%)
  • Mexico … -$49.7 billion (up 33.6%)
  • Venezuela … -$27.6 billion (up 157.9%)
  • Malaysia … -$23.2 billion (up 69.3%)
  • Nigeria … -$22.6 billion (up 361.2%)
  • Saudi Arabia … -$20.4 billion (up 142.9%)
  • Italy … -$19.5 billion (up 37.3%)
  • Yet perhaps the most prevalent trend in international trade is globalization. Specifically, American companies like McDonald’s, Starbucks, Wal-Mart and Microsoft are expanding into high-growth countries around the world in their quests to boost cash inflows into the pockets of American companies while U.S. jobs are outsourced to the host nations.