U.S. Monthly Trade Deficit Down in April
June 5, 2015 | MAPI FoundationEstimated reading time: 1 minute
The Commerce Department released the latest monthly U.S. trade figures this morning. The overall monthly U.S. international goods and services trade deficit decreased to $40.9 billion in April, from $50.6 billion in March, revised.
- The monthly U.S. goods deficit with China decreased in April to $27.5 billion, from $38.9 billion in March. The trade deficit with China is up $12.4 billion year-to-date compared to 2014.
- The U.S. goods deficit with Japan was $6.7 billion in April. The trade deficit with Japan is up over $1.5 billion year-to-date compared to 2014.
- The U.S. goods deficit with South Korea was $2.1 billon in April, up nearly $3 billion this year.
Said Alliance for American Manufacturing President Scott Paul:
“The monthly decline in the trade deficit masks an uncomfortable truth: Global industrial overcapacity, an overly strong dollar, and unfair trade practices are contributing to a surge in our 2015 trade deficit. All the year-to-date numbers are headed in the wrong direction, and they help to explain the sudden drop in manufacturing hiring so far this year.
"Underinvestment in domestic infrastructure and research, combined with a flood of manufacturing imports, are stifling manufacturing’s comeback. Our workers and businesses are doing all that they can to be globally competitive, but Washington stands in the way. Passing a robust and long-term infrastructure plan, boosting trade enforcement efforts, and penalizing currency manipulation are essential ingredients in a true manufacturing resurgence. ”
Suggested Items
Zollner Completes Full Acquisition of Bluechips Microhouse
07/01/2025 | Zollner Elektronik AGZollner Elektronik AG has successfully finalized its com- plete takeover of Bluechips Microhouse Co., Ltd., in Thailand. In the future the company will operate as part of the Zollner Group of companies under the leadership of Thomas Kiefl – strategically networked, technologically focused and internationally oriented.
Inission Acquires the Lithuanian Company Selteka
07/01/2025 | InissionInission AB has signed an agreement to acquire 100% of UAB Selteka. Selteka is a well-respected EMS (electronics manufacturing services) company with operations located in Kaunas, Lithuania.
Kitron Strengthens Order Backlog with EUR 11 Million Contract for Defense Communication
07/01/2025 | KitronKitron has received an order valued at EUR 11 million to produce advanced military communication products destined for the European market.
TRI Unveils New Multi-Camera AOI, TR7500 SIII Ultra
07/01/2025 | TRITest Research, Inc. (TRI), the leading test and inspection systems provider for the electronics manufacturing industry, proudly introduces the new TR7500 SIII Ultra.
IMI Wins Gold Award for Best Managed Technology Company at FinanceAsia’s 29th Asia’s Best Companies Awards
07/01/2025 | IMIIntegrated Micro-Electronics Inc. (IMI) has been awarded the prestigious Gold Award for Best Managed Technology Company at the 29th edition of the Asia’s Best Companies Awards, hosted by FinanceAsia.