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2014 Trade Data Will Reveal Surging U.S. Trade Deficits Under Korea FTA and NAFTA, and a Dramatic Failure to Meet Obama’s Export-Doubling Goal, Dealing Further Blows to the Administration’s Push for Fast Track


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2014 Trade Data Will Reveal Surging U.S. Trade Deficits Under Korea FTA and NAFTA, and a Dramatic Failure to Meet Obama’s Export-Doubling Goal, Dealing Further Blows to the Administration’s Push for Fast Track

WASHINGTON - Thursday’s release of 2014 annual trade data will reveal that President Barack Obama’s goal of doubling exports has failed dramatically, with a growing trade deficit with Korea under the U.S.-Korea Free Trade Agreement (FTA) and a burgeoning non-fossil fuel trade deficit with North American Free Trade Agreement (NAFTA) partners. Even as overall export rates will be boosted by growing U.S. fuel exports, manufacturing exports are projected to stagnate.

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