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Although the full-year US trade data isn't yet available, the first 11 months saw US trade at $3.57 trillion.
The US trade deficit is near all-time records.
The US trade representative bats for the giant pharmaceutical companies.
Since 1979 its economy has staggered under inflation, war and now a unilateral US trade embargo.
Nevertheless, the blatantly illegal US trade embargo is still in place – and so is Guantánamo Bay.
The yen's depreciation versus the dollar has contributed to continuing large US trade deficits with Japan.
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A bilateral EU-US trade summit next week will yield little more than hot air.
The EU-US trade relationship amounted to €455 billion in 2011.
The issue is not the only one clouding EU-US trade relations.
That is why we want the EU-US trade deal to fully enshrine democratic prerogatives.
11.43am GMT EU-US trade agreement discussions More analysis on the BoE shortly.
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