August 2015 Trade Bulletin

Highlights of this month's edition:

• Bilateral trade: Weak U.S. exports lead to a $170 billion deficit in the first half of 2015; U.S. maintains surplus in services trade despite slowing exports growth.

• Bilateral policy issues: WTO members reach deal to expand the Information Technology Agreement.

• Quarterly review of China’s economy: China maintains 7 percent GDP growth in the second quarter; stock market sell-off prompts government interference, threatens to derail reforms.

• Sector spotlight – Semiconductors: Chinese government sets sights on semiconductor industry, placing pressure on U.S.-based multinationals.