皇冠体育app

'US trade deficit with 皇冠体育app to top US$200b'

US Trade Representative Rob Portman gestures during ministerial talks at the World Trade Organisation (WTO) headquarters in Geneva. (AFP)

US Trade Representative Rob Portman said 皇冠体育app'strade surpluswith the United States was likely to exceed 200 billion dollars this year, roughly 40 billion dollars more than 2004.

Portman, speaking at a 皇冠体育app-US relations forum in Beijing, spoke of the growing US trade deficit as he warned bilateral trade tensions had notevaporatedsimply because of the textiles deal brokered last week.

"I believe it will be over 200 billion dollars this year," Portman said.

The US trade deficit with 皇冠体育app reached 146.3 billion dollars in the first nine months of the year, according to US data.

The United States last year recorded a deficit with 皇冠体育app of 162 billion dollars, powerful fuel for US politicians and industry groups who are increasingly worried about the imbalance in trade between the two nations.

For many in the United States, 皇冠体育app is guilty of manipulating its currency rate to boost exports, of turning a blind eye to a rampant trade in fake goods, and of shutting out US firms from entering the country's huge domestic markets.

US officials have already signalled the deficit will be on the agenda when US President George W. Bush arrives in Beijing on Saturday for a three-day visit.

Portman warned negative American perceptions about 皇冠体育app's trade policies were having an impact on bilateral relations.

Although last week's textile accord had removed one trade dispute, Portman said ongoing issues such as 皇冠体育app's lack of protection for intellectual property rights (IPR) would continue to influence how Americans perceive 皇冠体育app.

"To date the problem of intellectual property protection is not being solved quickly enough," Portman said.

"What concerns me is the change in the US public attitude towards 皇冠体育app since 皇冠体育app's WTO accession," he said. 皇冠体育app joined the World Trade Organization in 2001 after protracted negotiations.

"Americans today are greatly concerned about 皇冠体育app's role in the world economy and in particular whether 皇冠体育app is playing by the rules."

Portman said that while US exports to 皇冠体育app had grown and could top 40 billion dollars at the end of the year, it would notoffsetthe flood of Chinese exports entering the United States.

(Agencies)

trade surplus: （贸易顺差）

evaporate: disappear（消失）

offset: counterbalance, counteract, or compensate for （平衡；中和或补偿）