[Rushtalk] Hopefully, This Will Soon Change!

John Quayle blueoval57 at verizon.net
Wed Feb 8 13:08:30 MST 2017

Coalition for a Prosperous America 


Contact: Paola Masman, Media Director
202-688-5145 ext 2, paola at prosperousamerica.org
Click here to view online 

*Trade Deficit Hits Four-Year High*

Washington ~ The U.S. Department of Commerce released a report yesterday 
<http://www.prosperousamerica.org/r?u=https%3A%2F%2Fwww.bea.gov%2Fnewsreleases%2Finternational%2Ftrade%2Ftradnewsrelease.htm&e=3d48c7f0961a14e6cac225e285a44663&utm_source=prosperousamerica&utm_medium=email&utm_campaign=170108_pr&n=3> showing 
that the US trade deficit rose to $502.3 billion, its highest level 
since 2012.

"The huge trade deficit continues to hollow out U.S. manufacturing 
industry and depress real incomes in many parts of the country," said 
Jeff Ferry, CPA Research Director. "All eyes are on the Trump 
Administration to see if it takes the decisive actions candidate Trump 
promised repeatedly in the election campaign."

Ferry's team dove deeper into the report and prepared a brief 
<http://www.prosperousamerica.org/trade_deficit_hits_four_year_high?e=3d48c7f0961a14e6cac225e285a44663&utm_source=prosperousamerica&utm_medium=email&utm_campaign=170108_pr&n=4> which 
discusses industry specifics as well as the implications for US economy.

The main points of the Commerce Department report are:

    *1.* The U.S. trade deficit rose 0.4% to $502.3 billion in 2016.
    *2.* Exports fell 2.3% to $2209.4 billion.
    *3.* Imports fell 1.8% to $2711.7 billion.
    *4.* The U.S. goods deficit fell 1.6% to $750.1 billion.
    *5.* The U.S. non-petroleum goods deficit rose 2.5% to $677.5 billion.
    *6. *The largest U.S. bilateral deficit in 2016 was again with
    China, at $347.0 billion.

"Reducing the US trade deficit in goods needs to be job number one to 
fix our economy and put people back to work," said Michael Stumo, CEO of 
CPA. "We look forward to working with the Trump Administration and both 
parties in Congress to achieve this goal."

/The Coalition for a Prosperous America is a nonprofit organization 
representing the interests of 2.7 million households through our 
agricultural, manufacturing and labor members./


Paola Masman

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