Another massive monthly trade deficit with China: Alliance for American Manufacturing (AAM) Statement

Posted by scapozzola on 10/24/2013

The latest monthly U.S. trade figures were released this morning by the U.S. Department of Commerce.  The U.S. nearly matched the record monthly trade deficit with China it reached in July, this time falling just shy of the $30 billion mark.

  • In August, the overall U.S. international goods and services deficit rose to $38.8 billion, up from $38.6 billion in July, revised.
  • The monthly U.S. goods deficit with China clocked $29.9 billion in August, a slight decrease from the record $30.1 billion recorded in July.
  • The U.S. goods deficit with Japan dropped to $6.4 billion in August, down from $6.8 billion in July.

Said Alliance for American Manufacturing (AAM) President Scott Paul:

"Our trade deficit with China was $29.9 billion in August, the latest indication that 2013 will be a record-breaker, but not in a good way."

In a recent op-ed, Paul urged Members of Congress to support newly reintroduced legislation to address currency manipulation by America's trading partners.


Related recent Blogs

@KeepitMadeinUSA on Twitter

  • RT @americanmademov: We had a private screening with @KeepitMadeinUSA in #DC on the tour last year. @SenAngusKing was in attendance! http… 15 min 51 sec ago
  • RT @julianarkerr: 75% of Boeing's planes are exported overseas but all manufactured in US. - Boeing rep speaking at HSBC #MadeforTrade @Chi 22 min 27 sec ago
  • RT @JeffBoniorAAM: Illinois economy hurting Chicago's manufacturing & exports. This great American city needs a manufacturing comeback. ht… 32 min 19 sec ago
  • What happens when we ignore our infrastructure? The #UCLAFlood: 48 min 52 sec ago
  • Congress really needs to fix the Highway Trust Fund AND fund a long-term plan to fix our infrastructure: ... 1 hour 53 min ago
  • ... after all, the #UCLAflood shows us what happens when we ignore our infrastructure. 1 hour 53 min ago
  • MT @ScottPaulAAM Don't cheer 2Q GDP estimate yet: imports rose faster than exports, an unnecessary drag on growth. 5 hours 46 min ago
  • Missed the news last night? Here's a recap of the status of the legislation to keep the Highway Trust Fund solvent: 6 hours 54 min ago
  • ICYMI: Senate passed its version of Highway Trust Fund bill; shortened length of extension to Dec. instead of May 2015. Heads back to House. 19 hours 12 min ago
  • The Senate is now debating legislation to reauthorize the Highway Trust Fund (well, until May 2015). Watch on @cspan: 23 hours 4 min ago