"Nearly 97% of U.S. money for firework imports popped up in China last year, according to U.S. trade statistics. The hard numbers: we paid nearly $200 million for all of our skyrockets, Roman candles, sparklers and other pyrotechnics.
As for the Stars and Stripes, about 88% of our money for American flag imports billowed over to China in 2010. U.S. foreign trade statistics show that the U.S. imported $3.2 million worth of flags, and $2.8 million of that went to our top trade partner.
The U.S. China-Business Council’s website highlights America’s burgeoning trade imbalance over the last decade. In 2001, the U.S. ran up a deficit with China of $83 billion. By 2010 however, that number had more than tripled to $273 billion – the largest trade imbalance the U.S. has ever had with a single country.