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Statement by USTR Susan C. Schwab on monthly trade deficit numbers

August 14, 2007



“June trade data, released this morning, show that the
U.S. trade deficit has fallen by 7.7% so far this year, compared to the same
period of 2006.  American exports
are up by 11%, more than twice as fast as the 4.4% increase in U.S. imports.
Highlighting the importance of exports, other recently released data on the
economy showed that export expansion has accounted for 40% of U.S. economic
growth over the last year.  Good
trade agreements remove barriers, expand trade and help support incomes and
better paying jobs in America. 
Consumers, workers, companies, farmers and ranchers benefit from
agreements to further open global markets to U.S. exports.”