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.”