Up Jumps the Trade Deficit
Posted by SCapozzola on June 10th, 2008As AAM Executive Director Scott Paul noted this morning, the monthly U.S. trade deficit reached $60.9 billion in April 2008, the highest level in 13 months. In a brief statement he said:
“As the trade deficit rises, manufacturing jobs continue to decline. We hope this will serve as a wake up call for Congress and the Administration to stop unfair foreign trade practices like currency manipulation, dumping and subsidies, and reform our trade policies to ensure that we are shipping more products—and not jobs—overseas. Senators Obama and McCain should make reducing the trade deficit and reforming our trade policies a priority in 2009. This is an issue that matters to voters in battleground states throughout the industrial heartland of our nation.”
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