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

  • Jobs numbers show auto sector & supply chain account for over half of manufacturing gains. @IndustryWeek #AAMeter 28 min 48 sec ago
  • RT @JoeSudbay: "@KeepitMadeinUSA said [manufacturing] sector has recovered only 30% of the jobs lost during the recession"… 38 min 45 sec ago
  • RT @ScottPaulAAM: Job Market Shows New Gains, but Pace Eases via @nytimes With analysis from @KeepItMadeinUSA on #ma 38 min 48 sec ago
  • RT @tracysefl: From @nytimes @dionnesearcey -- @KeepitMadeinUSA offers 3 reasons why the jobs resurgence isn't greater… 38 min 50 sec ago
  • In story on jobs numbers, @nytimes notes manufacturing has gained back just 30% of jobs lost during Great Recession. 38 min 56 sec ago
  • RT @ebrotherton: Manufacturing sector added 28,000 jobs in July. Best showing since November 2013. But more work to do:… 2 hours 20 min ago
  • Manufacturing punched above its weight in July. Rebound in the sector possible. But we still have a long way to go: 2 hours 35 min ago
  • RT @tlanddc: Adding +28,000k manufacturing jobs, closest @BarackObama has come to keep on track with his goal of 1M by end of second term #… 2 hours 51 min ago
  • #AAMeter RT @ScottPaulAAM The auto sector accounted for over half of #manufacturing job growth in July: 14.6k of 28k total jobs added. 2 hours 51 min ago
  • 28K new manufacturing jobs in July the 2nd time in Obama's 2nd term job numbers on target to hit Obama's 1 million new jobs goal. #AAMeter 3 hours 9 min ago