National Association of Manufacturers' Trade Fact

By Loretta Macktal, Executive Assistant to the Vice President, Government Relations

Capitol Update, May 14, 2004 Share this on FacebookTweet thisEmail this to a friend

Over the past three years, when manufacturing lost 2.9 million jobs, the U.S. manufactured goods trade deficit worsened by $90 billion. Most people seem to assume that's principally due to soaring imports – but that wasn't the case. By far the most important factor was that our exports fell by an astonishing $70 billion. It's important for everyone to realize this, because there's not enough focus on the steps that would reduce the cost of production in the United States and level the global playing field so those exports – and the related jobs – can be restored.

To read the full NAM Fact Sheet (a pdf file), click here:
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