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Ross: U.S. can 'no longer sustain' growing trade deficits with Japan, Mexico

May 4, 2017 at 4:01 PM
Commerce Secretary Wilbur Ross on Thursday singled out trade deficits with Mexico and Japan as “unsustainable” following the release of monthly data on goods and services trade. The growth in both deficits is “alarming,” the Commerce Department said in a statement. The March data , released by the Census Bureau and the Bureau of Economic Affairs on May 4, show that the trade deficit with Mexico rose $363 million in March; the gap with Japan spiked $1.6 billion. “The United...

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