The U.S. is the second largest exporter in the world — but the only major exporter that has run goods trade deficits for more than two decades. Currency manipulation, weak trade laws and the failure to implement strategies to rebuild U.S. manufacturing are among the reasons for this damaging trade.Read the Report
The U.S. ran a trade deficit of $67.4 billion combined in its top 30 exporting industries in 2013.
China, Germany and Japan ran sizable trade surpluses in the same 30 exporting industries, ranging from $223.2 billion in Japan to $647.7 billion in China.
Currency cheating, tariff and non-tariff barriers to U.S. exports, and the lack of a strategy for U.S. manufacturing development is driving the trade deficit.
Enforce Trade Laws, Save American JobsIt's the last line of defense for American manufacturers and workers.
China Trade Costs BillionsIn 2011, $37 billion in wages were lost due to unfair China trade.
How the Deficit Impacts JobsCutting the deficit is a key part of manufacturing job creation.