March Trade Deficit in Manufactured Goods Hovers near Record

http://www.bea.gov/newsreleases/international/trade/2014/pdf/trad0314.pdf

The trade deficit in manufactured goods came in at $43.6 billion in March, down only $0.1 billion from the record set one month earlier.  Here’s a chart of manufactured imports and exports:  Manf’d exports vs. goal.

As you can see, manufactured exports also lagged the president’s goal for doubling exports in five years (a goal set in January, 2010) for the 32nd consecutive month.  But manufactured exports did rise by $3.3 billion in March.  The shortfall from the president’s goal dropped $1.5 billion from the record set one month earlier.

For the 2nd month in a row, the shortfall in manufactured exports from the president’s goal exceeded the entire trade deficit, meaning that the president can no longer share the blame for the deficit with previous presidents from the past four decades.  His failed approach to trade is now directly responsible for the overall trade deficit.

 

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