Government Report: Trade Deficit Worsened in January, Exports Declined, Trade Agreements Failed

March 04, 2016



March 4, 2016
Contact: Paola Masman, Media Director 
202-688-5145 ext 2, paola@prosperousamerica.org

Washington ~ The Coalition for a Prosperous America (CPA) said today that a new government report shows that US trade policy and trade agreements continue to shrink America's economy.

The Bureau of Economic Analysis released its report on US International Trade in Goods and Services for January 2016 today. The report showed that America's trade deficit worsened, causing our economy to be smaller than in a balanced trade scenario. Here are the top two highlights.

*  The January trade deficit increased by $2.1B (4.8%) over January 2015
*  Exports decreased $12.5B (6.6%) in relation to January 2015

"The administration's willful disregard for poor trade performance is enabled by the establishment think tanks and many congressional leaders, to the detriment of the US economy," said Michael Stumo. "The simple, unassailable fact is that trade deficits shrink our economy while trade surpluses grow our economy. The presidential campaign shows that voters support candidates that want a fundamentally different trade policy that puts American workers, companies, farmers and ranchers first."

The Coalition for a Prosperous America is a nonprofit organization representing the interests of 2.7 million households through our agricultural, manufacturing and labor members.

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