Brief AAM Statement on Latest Monthly Trade Figures

Fri, 12/10/2010

The monthly U.S. trade deficit fell in October 2010 to $38.71 billion. The U.S. goods deficit with China declined slightly to $25.52 billion.

Said Alliance for American Manufacturing (AAM) Executive Director Scott Paul:

"These continuing deficits are still too high. And every month that we see such a massive bilateral imbalance with China means more of our manufacturing jobs being shipped overseas.

"We welcome a growth in U.S. exports, but the fundamental imbalances caused by foreign dumping, subsidies, and currency manipulation pose formidable, ongoing problems. However, there's still time for the Senate to act and pass the currency legislation that already received strong bipartisan support in the House. There's simply no excuse for further delays."

@KeepitMadeinUSA on Twitter

  • A #MadeinAmerica @TervisTumbler will keep your drink cold during the hot summer months: http://t.co/hXDkQruOuT 1 hour 18 min ago
  • .@SecretaryFoxx & 11 former transportation secretaries urge Congress to pass a long-term transportation funding bill: http://t.co/e1T5IJ0Izl 1 hour 53 min ago
  • We agree with @SecretaryFoxx: We need a long-term transportation infrastructure spending plan. http://t.co/0km740jVEW Will Congress listen? 19 hours 30 min ago
  • .@SecretaryFoxx says long-term transportation plan needed. Doing so (w/ Buy America policies) will create jobs: http://t.co/greHym2C6x 20 hours 43 min ago
  • .@SecretaryFoxx says US transportation system "crumbling" in speech calling for a long-term spending plan: http://t.co/lgOu6ZjYoe 20 hours 56 min ago
  • In @PressClubDC speech, @SecretaryFoxx calls for a long-term transportation spending plan instead of short-term fixes to Highway Trust Fund. 20 hours 59 min ago
  • 9 fun facts abt NY’s bridges, @Buzzfeed! Wouldn't it be great if a No. 10 told us they were all Made in the USA? http://t.co/YdicwMUKoq 21 hours 23 min ago
  • .@Politico poll: Economy voters' top worry. To boost economy & create jobs, we shld rebuild our infrastructure w/ Buy America requirements. 22 hours 1 min ago
  • No. 1 issue for voters is economy, @Politico poll finds. Voters also call manufacturing jobs a top economic concern: http://t.co/wN34O8kOwE 22 hours 31 min ago
  • RT @MarkAAMphilly: Philly Online start-up makes it easier to buy American http://t.co/NDud4bYRh2 via @phillydotcom @KeepitMadeinUSA 22 hours 36 min ago