"Many analysts say that ... Chinese products have simply substituted for products from other countries," explains Dr. Walden, a professor with the Department of Agricultural and Resource Economics.

"That is to say if China wasn’t there perhaps making apparel products we’d be buying those apparel products from other countries in South Asia.

"Also some economists say that even if China increased the value of its currency against our currency, which many lawmakers have been calling for, that would not reduce the trade deficit we have with China very much," he adds.

"Ultimately we may have to wait until the Chinese start buying many more products from us to see that trade deficit fall."