Ambassador Schwab Statement on U.S. Trade Deficit

“Strong export expansion is lending critical support to the U.S. economy right now. Exportshave accounted for 40% of U.S. economic growth over the last 4 quarters. The U.S. trade deficit has also declined9% so far this year, compared to last. Removing barriers and expanding trade supports productivity and income growth, and better paying jobs in America. Trade agreementsreducebarriers to global markets,expand trade, spur development and benefit U.S. consumers, workers, companies, farmers and ranchers.”