Press Release: US Trade Deficit Increases, Dollar Overvaluation is Primary Cause
Washington ~ The US Bureau of Economic Analysis (BEA) released a report today that the US trade deficit rose yet again. Dollar overvaluation and the failure to deal with nationalistic economic strategies in Asia and Germany are the primary causes. The BEA report stated: The U.S. current-account deficit increased to $123.1 billion (preliminary) in the…