Here's The Chart That Mitt Romney Made With His Hands

During the Presidential debate, Mitt Romney hit out at China, and made a chart with his hands, comparing the level of imports from China and exports to China.

Here’s the actual chart showing how much more the US imports from China than exports.

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Another way of expressing this is to subtract exports from imports, which shows our trade deficit. As you can see, the gap has grown significantly over the years.

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One key chart, Romney blames this gap on Chinese trade manipulation, but something you should realise is that the Chinese yuan has been strengthening for a long time now, and that that story is basically over.

Via Paul Krugman:

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