U.S. trade deficit declines in March: Alliance for American Manufacturing (AAM) statement.

Tue, 05/06/2014

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

  • The overall U.S. international goods and services trade deficit declined in March to $40.4 billion, from $41.9 billion in February, revised.
  • The U.S. goods deficit with China fell slightly in March to $20.4 billion, from $20.9 billion in February.
  • The U.S. goods deficit with Japan rose in March to $5.9 billion, from $5.3 billion in February.
  • The U.S. goods deficit with South Korea rose in March to $1.3 billion, from $1.0 billion in February.

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

"Every dollar’s worth of trade deficit serves as a drag on economic growth, which means fewer job opportunities for American workers. A smart trade strategy starts with trade enforcement.

"If our workers and businesses have a level playing field here at home as well as in markets abroad, we will grow jobs. I was in Lorain, Ohio on Monday, where hundreds of jobs are in jeopardy because of dumped steel pipe from South Korea. Unless the Commerce Department makes the right choice in July, the American pipe and tube industry could suffer. Enforcing trade laws creates jobs in America."

 

 

 

 

@KeepitMadeinUSA on Twitter

  • A good sign? More laid-off workers are finding jobs in their fields. http://t.co/0Y85kwE4AQ 30 min 5 sec ago
  • .@royhouseman from @steelworkers talked about what's next for #SOSJobs on @BloombergNews. Check it out: http://t.co/oeyPmhpOMJ 1 hour 15 min ago
  • ICYMI: Our @ScottPaulAAM chatted w/ @EdShow about why it's so vital we level the playing field for U.S. tire makers. http://t.co/WRbHIx1XC5 1 hour 32 min ago
  • 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 17 hours 28 sec ago
  • Countries like China subsidize tires they produce. Tariffs level the playing field for U.S. manufacturers & workers, says @ScottPaulAAM. 17 hours 2 min ago
  • "Tariffs help to level the playing field -- nothing more and nothing less." -@ScottPaulAAM 17 hours 3 min ago
  • On @EdShow NOW: Unfair trade practices mean tire manufacturing workers are struggling to keep their jobs... 17 hours 4 min ago
  • Our @ScottPaulAAM will be on the @EdShow in the next segment... tune in NOW! 17 hours 15 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 17 hours 39 min ago
  • If domestic OCTG producers can compete in a growing market it will provide the an opportunity for significant growth. -@royhouseman #SOSjobs 17 hours 42 min ago