On May 18th of this year the government closed its commentary on the US Trade Deficit. Info here. It’s common knowledge that there is a troubling trade deficit between the US and its trading partners.
- From earlier this month: Government report on trade deficit
- May 25th: Trade Deficit worsening in April of 2017
- Economic Forecasting: Balance of Trade Forecast
If you manufacture and are not exporting or if exports are not a major portion of your company’s growth plan, please consider growing your exports. Watch the trends of currency, as Robert E. Scott mentions at lengths in his testimony. More on the recent strength of the US dollar.