Trade deficit

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Op-Ed by Commerce Secretary Wilbur L. Ross: Trade Reciprocity Needed Now

Americans live in a world where other countries impose high tariffs and non-tariff barriers to trade. U.S. exporters face enormous obstacles in foreign markets, and yet, we maintain the most free and open market of any major country in the world. We have zero tariffs on 61 percent of the total value of our imports, more than 17,000 product types. On thousands of additional products, our tariffs...

Op-Ed: These NAFTA Rules Are Killing Our Jobs

As the North American Free Trade Agreement negotiations unfold, there is a lot of loose talk being exchanged about automobile parts going back and forth among the United States, Canada and Mexico. NAFTA supporters assert that the U.S. content in cars assembled in Canada and Mexico is particularly high and that therefore our $70 billion-plus trade deficits with our NAFTA partners are not worrisome...

Trade with China Continues Trend While Comprehensive Economic Dialogue Hopes to Balance Deficits

Press releases
The trade deficit in goods with China ballooned by 13.8 percent year-over-year while the overall trade deficit increased by 5 percent since March as imports increased slightly and exports declined following the release of the April 2017 International Trade in Goods and Services monthly data by the Department of Commerce. “While the overall trade deficit continues to grow, it is too soon for the...

Trade Deficit with Mexico and Japan Continues to Grow at Unsustainable Rate

Press releases
The trade deficit with Mexico and Japan was found to be growing at an alarming rate following the release of March 2017 U.S. International Trade in Goods and Services monthly data by the Department of Commerce. The trade deficit increased by $363 million with Mexico and by $1.6 billion with Japan from February to March of this year. “The United States can no longer sustain this inflated trade...