Angle falsely suggested that U.S. is closing trade gap with China

Fox News' Jim Angle falsely suggested that the U.S. has begun to close its trade deficit with China. Noting that Chinese President Hu Jintao "said China is shifting away from a reliance on exports to the U.S. to fuel its economy and moving, instead, toward more consumption at home," Angle uncritically reported that, according to President Bush and Hu, "that is already happening, to some extent, as U.S. exports to China increased last year by 21 percent." However, Angle failed to note that imports from China to the U.S. increased nearly 24 percent during the same period, further widening the U.S.-China trade deficit by 25 percent over 2004. Read more