U.S. trade deficit rises in February: Alliance for American Manufacturing (AAM) Statement

Posted by TGarland on 04/03/2014

This morning, the U.S. Department of Commerce released the latest monthly U.S. trade figures.

  • In February, the overall U.S. international goods and services trade deficit of $42.3 billion, up from $39.3 billion in January, revised.
  • The combined January and February U.S. goods deficit with China was $48.7 billion, only slightly lower than the $51.2 billion over the same period in 2013.

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

"One of the more overlooked factors in sluggish post-recession job growth is the rising trade deficit. It's not a good sign when the trade deficit goes up, because imbalances don't help create sustainable middle-class jobs.

"Until we get our own house in order by investing smartly in infrastructure, innovation, and workers, I see no reason for optimism. And with no apparent willingness on the part of the administration or Congress to systematically lower bilateral deficits with countries like China, I see plenty of reason to be pessimistic.

In a recent op-ed in POLITICO, Paul urged President Obama to tackle China's ongoing currency manipulation, which has cost the U.S. millions of jobs.

Related recent Blogs

@KeepitMadeinUSA on Twitter

  • Obama admin placed tariffs on China-made tires, but expired. Hope tariffs are put back in place, but we also must be more proactive. #edshow 13 hours 11 min ago
  • Countries like China subsidize tires they produce. Tariffs level the playing field for U.S. manufacturers & workers, says @ScottPaulAAM. 13 hours 13 min ago
  • "Tariffs help to level the playing field -- nothing more and nothing less." -@ScottPaulAAM 13 hours 14 min ago
  • On @EdShow NOW: Unfair trade practices mean tire manufacturing workers are struggling to keep their jobs... 13 hours 15 min ago
  • Our @ScottPaulAAM will be on the @EdShow in the next segment... tune in NOW! 13 hours 25 min ago
  • .@royhouseman on Taking Stock @pimmfox: U.S. steel producers can compete in a growing market as long as the playing field is level #SOSjobs 13 hours 50 min ago
  • If domestic OCTG producers can compete in a growing market it will provide the an opportunity for significant growth. -@royhouseman #SOSjobs 13 hours 52 min ago
  • RT @royhouseman: Going on the "taking stock with Primm Fox" show on @BloombergTV here in a few! Going to discuss #USW support of OCTG trade… 13 hours 59 min ago
  • MT @edshow ➨ 20 mins! @janekleeb @Bold Nebraska, Tiernan Sittenfeld @LCVoters on #NoKXL; @ScottPaulAAM @KeepitMadeinUSA on #chinesetires 14 hours 4 min ago
  • "I never thought that I'd be making watches. I appreciate that they're in Detroit and what they're doing." http://t.co/aAAsBLtNxF @Shinola 15 hours 40 min ago