In 2005, US foreign trade of $3.30 trillion constituted 26% of its $12.7 trillion GDP. Exports was $1.27 trillion and imports was $2 trillion, resulting in a goods and services deficit of $726 billion (5.7% of GDP), $109 billion more than the 2004 deficit of $618 billion. For goods alone, exports were $893 billion and imports were $1.7 trillion, resulting in a goods deficit of $782 billion, $117 billion more than the 2004 deficit of $665 billion. This meant that while the trade deficit for goods was large and growing, the US still exported goods in 2005 valued at 192.4 billion 1950 dollars, more than 15 times its export in 1950 and 3 times its 1950 GDP. For services, exports were $379 billion and imports were $322 billion, resulting in a services surplus of $56 billion, $8.5 billion more than the 2004 surplus of $48 billion. US trade deficit with China will greatly reduce if the US lifts high-tech export restrictions to China.For China, foreign trade in 1950 was nonexistent due to US embargo, except some memorandum trade with other socialist and non-aligned nations. For 2005, Chinese foreign trade reached $1.3 trillion (81% of GDP of $1.6 trillion), with a global trade surplus of $102 billion (6.4% of GDP). About $100 billion of the Chinese trade surplus with the US went to pay for Chinese trade deficits with other countries. These figures show that trade is now a precariously excessive portion of Chinese GDP. And without a trade surplus with the US, China will face a global trade deficit of about 6.25% of GDP, more than the US’s 5.7%.