US tech trade deficit tops USD 102 bn in `06

[OhioChick]

Source: Zee News-India

Washington, July 18: The US technology industry imported more computers, high-tech components and consumer electronics in 2006 than it exported, resulting in a record USD 102 billion trade deficit in the sector, according to a new report due out Tuesday.

Total tech imports hit USD 322 billion in 2006, up 9 percent from the prior year, according to the report from the tech industry's largest trade group, AeA. The US imported more high-tech goods from China than any other nation.

But the import numbers don't tell the whole picture. Many American companies, such as semiconductor giant Intel Corp., design and test their chips in the United States, but manufacture them in their plants overseas and then import them. Just how many of these "intracompany transfers" make up the overall import figure can't be discerned from government data, according to AeA.

US high-tech exports have increased over the past four years, although they're still running below the dot-com bubble record of USD 223 billion set in 2000, according to the report from the AeA, which includes Hewlett-Packard Co., Microsoft Corp. and Dell Inc. among its 2,500 members. High-tech exports — mostly semiconductors, computers and related equipment and industrial electronics — totaled USD 220 billion last year, about 10 percent higher than in 2005.



Read more: http://www.zeenews.com/znnew/articles.asp?aid=383531&ssid=51&ssname=World&sid=BUS&sname=

[Double T]

1. Quietly plants continue to close and relocate operations to lower..........

and slave wage markets. The ultimate outcome for America and American jobs will be bleak. The numbers are manipulated and the message is controlled by corporate america and our government..