Exports and Imports for US Manufacturers
(With Don Manzullo)Originally Published by The Washington Times: May 27, 2003
U.S. manufacturing needs policy help, now. Low exports and a surge of imports have left the sector vulnerable, endangering future economic progress and hollowing out our defense industrial base.
Our trade deficits for goods with Mexico, Germany, Japan, and China are huge and getting bigger. Last year, the U.S. deficit with just China was $103 billion. We have an imbalance of $111 billion in motor vehicles alone. The imbalance is actually greater than even we can quantify, because there is no way to measure the amount of foreign ...
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