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India, China Bolster U.S. Trade

The Obama Administration has set an ambitious goal to double exports over the next five years

By LIFS January 12, 2011 at 12:10 PM
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Strong demand for U.S. goods from India and China buoyed U.S. exports to their highest level since the global economic crisis. The U.S. trade deficit narrowed 13.2 percent to $38.7 billion in October and exports grew 3.2 percent over the same period.

 
The Obama Administration has set an ambitious goal to double exports over the next five years in a bid to encourage the domestic manufacturing industry and to combat high unemployment. The Economics and Statistics Administration estimates that U.S. exports supported 9.4 million jobs in 2009. 
 

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Business | Magazine | January 2011

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