Since 2002, almost 250,000 manufacturing workers have lost their jobs because of the high dollar and our huge and
growing trade deficit with developing Asian countries. Many are older workers who will typically face a long stretch of unemployment, followed by employment in a new job at much lower wages.
America's
growing trade deficit is one of President Trump's main arguments for imposing tariffs on China.
Economists said
the growing trade deficit stemmed largely from the strength of the United States economy, which helped American consumers afford more imported electronics, clothes and appliances.
The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23 - year - old NAFTA trade pact this week, aiming to shrink
a growing trade deficit with...
It drives up the price of the currency, but even a strong dollar and
a growing trade deficit will add enough free exchange especially if the US domestic demand increases from a stronger economy.
Primary exports include cane sugar, bananas, and citrus, but there is
a growing trade deficit.
«The U.S. economy would feel the impact of
a growing trade deficit.»