Office of the United States Trade Representative


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

"U.S. imports over the same period.  The current strong export expansion is critical to supporting the U.S. economy right now.  Export expansion, in fact, has accounted for 40% of U.S. economic growth over the last 4 quarters. The trade deficit has also declined by almost 8% so far this year, compared to last.  Removing barriers and expanding trade supports incomes and better paying jobs in America.  Trade agreements to bring down barriers to global markets and expand trade benefit U.S. consumers, workers, companies, farmers and ranchers.”

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