Rubber product trade deficit soars
Tuesday, February 26, 2013
The U.S. trade deficit, especially with China, has grown exponentially over the past 15 years, and tires and rubber products have been among the most vulnerable of manufactured goods.
That's the word from a top official with a U.S. industry advocacy group, who backs up his statement with government data.
"Tires lost U.S. market share more than twice as fast as advanced manufacturing overall," said Alan Tonelson, research fellow with the U.S. Business and Industry Council. "The numbers tell me those products have been unusually easy to offshore."Click here to read the article...