Wednesday, May 11, 2005

Trade deficit lowest in 6 months?

This press release states that our trade deficit is the lowest it has been in 6 months. Granted that it is still considerably higher than the averages of the past couple years, but this is good progress. The US is starting to show their strength in the services arena and it also looks like commercial aircraft exports are helping.

My only question is what will the potential revaluing of the yuan do to the deficit. I really am not looking forward to paying 20 cents extra for my Chinese imported Wrangler Jeans that I plan to pick up from Walmart next month....

Trade Deficit lowest in 6 months

Revaluation of the Yuan

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