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In This Issue
September 9, 2010
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US Trade Deficit "Recovery" Shows Obama Administration Has Failed to Fix US Economy's Fundamental Misalignment
Alan Tonelson
Thursday, June 17, 2010
U.S. total goods and services trade deficit, Jan.-April, 2009: $118.88 billion U.S. total goods and services trade deficit, Jan.-April, 2010: $153.54 billion Growth of U.S. total goods and services trade deficit, Jan.-April, 2009-2010: 30.84 percent U.S. manufacturing trade deficit, Jan.-April, 2009: $130.32 billion U.S. manufacturing trade deficit, Jan.-April, 2010: $150.78 billion Growth of U.S. manufacturing trade deficit, Jan.-April, 2009-2010: 15.70 percent U.S. advanced technology products trade deficit, Jan.-April, 2009: $10.79 billion U.S. advanced technology products trade deficit, Jan.-April, 2010: $17.80 billion Growth of U.S. advanced technology products trade deficit, Jan.-April, 2009-2010: 65.05 percent.
Sources: Calculated from “Part A: Seasonally Adjusted, Exhibit 1. U.S. International Trade in Goods and Services”; “Part B: NOT Seasonally Adjusted, Exhibit 15. Exports and Imports of Goods by Principal SITC Commodities”; and “Part B: NOT Seasonally Adjusted, Exhibit 16. Exports, Imports, and Balance of Advanced Technology Products,” all in “U.S. International Trade in Goods and Services April 2010,” U.S. Census Bureau, U.S. Bureau of Economic Analysis News, CB10-78, BEA10-25, FT-900 (10-04), U.S. Department of Commerce, June 10l 2010, http://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).
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Alan Tonelson
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