Washington ~ The Bureau of Economic Analysis and the Census Bureau released its September report on international trade today showing that the year-to-date US goods and services deficit increased by 9.3 percent as compared to last year.
“The overvalued dollar continues to make American exports of goods and services too expensive in international markets, hampering employment and economic growth,” said Michael Stumo, CEO of the Coalition for a Prosperous America. “The Trump administration should focus its efforts on moving the dollar to a competitive level. Absent a competitively priced dollar, the administration’s trade efforts are far less likely to reduce the overall US trade deficit. We have presented one option, a market access charge, to accomplish this goal.”
About CPA: The Coalition for a Prosperous America is the nation’s premier organization working on the intersection of trade, jobs, tax and economic growth. We represent the interests of 4.1 million households through our agricultural, manufacturing and labor members.
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