The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total April exports of $148.8 billion and imports of $189.1 billion resulted in a goods and services deficit of $40.3 billion, up from $40.0 billion in March, revised. April exports were $1.0 billion less than March exports of $149.8 billion. April imports were $0.8 billion less than March imports of $189.9 billion.Up is not always good news.
The salvation of the nation is to turn items over before putting them in the basket. Then look for where the item was manufactured. Compare. If the US item is obviously inferior, don't buy it. If it is competitive, purchase it. Think of it as a tax to save the economy. Think of it as a way to bring back to Lowell those jobs that John McDonough is always talking about.
Regards — Cliff