Sheila McKinney

Monday, April 16, 2012

Trade deficit down due to significant exports in 2009!!!

Last week the Commerce Department said that
we exported $181.2 billion in goods and
services in February, and our persistenly
large trade deficit eased down to $46 Billion
from $52.6 billion. In the last 12 months,
we exported $2.134 trillion up more than
35% from 2009.

Millions of Americans work for companies
that depend on trade, and for that they
need customers. The biggest customer anyone
can find is China and there are some disturbing
things going on. Last week, China confirmed
that GDP growth slowed down considerable in
the first quarter.