More than $770,000,000,000! 
That's Fingleton's latest forecast for America's total trade deficit in 2007. Click here to see how huge that number really is.
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AMERICA'S
TRADE
DISASTER:
A PRIMER
Please note: This site crashed in the summer of 2005 and is currently being rebuilt. EF

Why do America's trade deficits matter? They are the worst any major nation has ever suffered in peacetime. And the issues are not just the demise of American industries but the very future of American power. Read the crucial facts that America's "globalist" press dares not print. Trade Disaster Primer.
 
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About Eamonn Fingleton
Author of Unsustainable, In Praise of Hard Industries and Blindside
 
30 Years of Prescience
After more than thirty years reporting from London, New York, and Tokyo, Eamonn Fingleton has few rivals in the range and depth of his economic commentaries.
 
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Fingleton's Books
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One of the Ten Best Business Books
What Business Week said about Blindside
 
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• Unsustainable • In Praise of Hard Industries • Blindside

 
 
The Trader's Library
Eamonn Fingleton reviews important books on trade issues.

Links of Interest
 
Trading Blows
An occasional column by Eamonn Fingleton.
Innocents (Not) Abroad: China's Orwellian Tourism Policy
Thursday, September 21, 2006
 
In a policy that is anathema to the United States, the Beijing government keeps close tabs on Chinese citizens abroad. Now Beijing is insisting on Washington's complicity in an Orwellian program to monitor Chinese tourists visiting the United States. Washington is having none of it and the result is the latest flashpoint in Sino-American trade relations. At a time when the Sino-American trade gap is already the largest between any two nations in history, the United States, uniquely among major Western nations, is being cut out of a rapidly growing torrent of Chinese tourist dollars. [This article first appeared in The American Prospect on September 9, 2006.]

 
The untold story of Japan's war compensation record
Wednesday, May 03, 2006
 
As many Western political scientists have pointed, the Japanese media extensively censor themselves. What is less well known is that foreign journalists who cover Japan also censor themselves. Here, in an article first published in The American Prospect, is the full story of one important aspect of Japanese policy that has long been the subject of remarkable self-censorship.

 
Can Anyone Compete with China? Lessons from Japan
Monday, August 08, 2005
 
For more than a decade now we have been told that the world's most advanced economies face a common fate in this era of Chinese economic expansion: massive layoffs in manufacturing and ever-rising trade deficits. Such reports, suggesting that there is something inevitable and inexorable about the decline of manufacturing in advanced nations, have served powerfully to tranquilize American public opinion at a time when America's trade deficits have gone from merely horrendous to truly disastrous. Yet as the example of Japan shows, advanced nations can and do compete to win against China.

 
Why the Sun Is Still Rising
Friday, May 06, 2005
 
"Juggernaut Japan" of the '80s gave way, in the U.S. press, to a narrative of economic obsolescence. That's what the Japanese wanted us to believe. [Article first published in the May 6, 2005 issue of The American Prospect.]

 
Why the Iraq invasion is doomed to failure
Tuesday, March 18, 2003
 
This article, predicting the Bush administration's current fiasco in Iraq, was published in the editorial page of the International Herald Tribune on March 18, 2003 -- two days before the Iraq war began.

 
Fritz Is All Hat and No Cattle
Monday, December 17, 2001
 
A former American ambassador to Tokyo has been boasting about his success in opening the Japanese market. Unfortunately the good news has not produced any improvement in the U.S.-Japan trade deficits.

 
The anomalous position of Christopher LaFleur
Wednesday, April 25, 2001
 
When the history of American trade policy is written, people will ask what the State Department was doing. An insight into the answer can be gleaned in the career of Christopher LaFleur. At a crucial time for US-Japan trade relations, he has served in Tokyo not only as the effective head of the American embassy but, also reportedly, as the local chief of the Central Intelligence Agency.

 
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