The high clamor for US exports provided boost to the rising international trade deficit of the United States. Recent figures reflected a decrease in the international trade gap of the US, thus, prompting economists to modify their predictions for the second quarter. This sends a strong message that the United States is getting back on its feet in terms of its economy.

In addition, the rapid improvement in the economic picture of the United States squashed possible increases in interest rates and enhanced heavy selling of bonds. Bruce Kasman, chief economist of JP Morgan Chase, increased his forecasted economic growth to four percent, up by 1.5 percent from his previous prediction. Haseeb Ahmed, also an economist from the same bank, said that trading conditions worldwide points to a resurgence of exports in the next few months. It can be recalled that the international trade deficit of the United States dropped to 6.2 percent amounting to $58.5 billion. Moreover, a US Commerce Department report showed that exports improved to 0.2 percent amounting to $129.5 billion after various products being exported to the country registered record numbers; imports reflected a 1.9 percent drop equivalent to $188 billion due to a weakened US dollar.

Furthermore, US international trade deficit to China went up by 12.3 percent for a total of 19.4 billion dollars in April while exports decreased to 11.5 percent amounting to $4.8 billion. Likewise, imports went up to 6.6 percent totaling $24.2 billion. The United States has been calling for the quick appreciation of the yuan after China is reportedly holding it down in order to increase its exports.

Meanwhile, the US Congress is set to pass legislative measures to resolve the issue about its increasing international trade deficit with China. The bill will press for the immediate revaluation of the yuan as well as the easing on products being shipped to China. On the other hand, Chinese Vice Premier Wu Yi said that they are set to institute reforms on their currency while maintaining its value at a competitive level.

Likewise, the European Union (EU) has called on China's attention regarding possible international trade sanctions. The US has already brought the matter to the World Trade Organization (WTO) by filing multiple cases against the Chinese government. Both the United States and European Union have been complaining about piracy of their products being committed by China. The WTO will look into the matter in the hopes of resolving the issue that has strained international trade relations between the three countries.