According to a new MAPI report, the U.S. trade deficit in manufactures rose 9% in the fourth quarter, following a relatively flat first three quarters. U.S. exports grew by 2% for the year, with a 3% spurt in the fourth quarter. Chinese exports, by contrast, grew by 8% including a 10% increase in the fourth quarter. "The $11 billion [fourth quarter] increase in the deficit amounts to a three-month net loss of 40,000 to 100,000 American manufacturing jobs," said Ernest Preeg, MAPI senior adviser for international trade and finance.

Full Story:

Related Summaries