Brief AAM Statement on Latest Monthly U.S. Trade Deficit with China
The monthly U.S. goods trade deficit with China increased by $100 million in November 2010, to $25.6 billion.
Said Scott Paul, Executive Director of the Alliance for American Manufacturing (AAM):
"Our trade deficit means lost jobs, closed factories, and a downward pressure on economic growth. President Obama has a unique opportunity to help change this course. In his meeting with Chinese President Hu Jintao next week, President Obama should lay out the consequences for Beijing if it continues its mercantilist ways.
"China accounts for more than 80 percent of the goods trade deficit, excluding petroleum. Lowering our trade deficit with China by putting an end to its currency manipulation, WTO-illegal industrial subsidies, and indigenous innovation requirements will boost the U.S. economy."
Related recent Blogs
- CNBC: Is a Chinese construction firm benefiting from its Beijing connection? • by scapozzola • 05/23/2013
- May 23, 2013 Headlines: Gains in the job market, small businesses manufacturing in the U.S.A., and more. • by LRaup • 05/23/2013
- VIDEO: Concerns about America's defense industrial base • by scapozzola • 05/22/2013
- CNBC: China investing in U.S. • by scapozzola • 05/22/2013
- In Indiana, ongoing concerns about subsidized auto parts from China and Japan • by scapozzola • 05/22/2013
- RADIO: AAM's Scott Paul on Leslie Marshall Radio Show, May 20, 2013 • by scapozzola • 05/21/2013
- May 21, 2013 Headlines: Tensions with North Korea, a stronger WTO, and more. • by LRaup • 05/21/2013
- Shoring up our security means addressing the China challenge • by mmcmullan • 05/20/2013
- Quote of the Day from Caterpillar's Doug Oberhelman • by LDonia • 05/20/2013
- May 20, 2013 Headlines: Manufacturing & social media, growth of the U.S. economy, and more. • by LRaup • 05/20/2013