Washington, D.C. – The Commerce Department released the latest monthly U.S. trade figures Wednesday. The overall monthly U.S. international goods and services trade deficit increased to $43.8 billion in June, from $40.9 billion in May, revised.
[Reposted from the blog of the Alliance for American Manufacturing | August 5, 2015]
- The monthly U.S. goods deficit with China decreased in June to $29 billion.
- The U.S. goods deficit with Japan was $5.2 billion in June.
- The U.S. goods deficit with South Korea was $2.3 billion in June.
- Said Alliance for American Manufacturing President Scott Paul:
“The strong dollar remains a heavy burden on the U.S. economy. Cheap imports, combined with weak demand from overseas, hinders growth in America’s manufacturing sector. As exports continue to underperform, it’s past time the Obama administration acknowledged that we have an imports problem.”
The Alliance for American Manufacturing (AAM) is a non-profit, non-partisan partnership formed in 2007 by some of America’s leading manufacturers and the United Steelworkers. Our mission is to strengthen American manufacturing and create new private-sector jobs through smart public policies. We believe that an innovative and growing manufacturing base is vital to America’s economic and national security, as well as to providing good jobs for future generations. AAM achieves its mission through research, public education, advocacy, strategic communications, and coalition building around the issues that matter most to America’s manufacturers and workers