Goods Trade Deficit with China Hits a Trump Presidency High

Matthew McMullan

Matthew McMullan Communications Manager, Alliance for American Manufacturing

The Commerce Department has released its monthly compilation of trade data. We got a big, bad number in there: The largest monthly bilateral goods trade deficit since President Trump assumed office.

The goods trade deficit with China was $31.9 billion in October – up a full $2 billion from the month before.

This isn’t the highest it’s ever been on a monthly basis (it has been higher under President Obama) but no one like Trump has made trade deficits such a big deal – at least rhetorically.

But so far the Trump administration has done little to rein in the trade gap with China; an abrupt about-face considering all the campaign promises the president made about reshaping existing trade policy and agreements.

AAM President Scott Paul said this in response to today’s trade data:

The president has missed multiple opportunities to put a dent in the trade deficit by holding China accountable for its murky trade practices. Instead, his attention has been diverted elsewhere while he pulls back on key promises to the working class like taking action on out-of-control steel imports.

"Investigations alone don't equate meaningful action, and the growing trade deficit demonstrates this.

"Talk is cheap, and until Trump stands up to China's predatory trade practices, American factory jobs will continue to be at risk."

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Reposted from AAM

Posted In: Allied Approaches, From Alliance for American Manufacturing

Union Matters

California Protects Precariat Workers

From the AFL-CIO

In a historic win for California’s workers, the California Legislature approved a bill Sept. 13 that makes the misclassification of employees as independent contractors more difficult.

Sponsored by the California Labor Federation, Assembly Bill 5 codifies and expands on a 2018 California Supreme Court decision.

The bill also will help curb the rampant exploitation of workers by unscrupulous employers and give California’s working people the basic rights and protections we all deserve. Gov. Gavin Newsom is expected to sign the bill into law.

 “The time is up for unscrupulous employers who claim their workers are ‘independent’ in order to cut corners on costs,”  California Assembly member Lorena Gonzalez said about A.B. 5

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