Government Borrowing v. U.S. Exporters
Bryan Riley /
Some of the stiffest competition facing U.S. exporters does not come from Europe—or even China—but the U. S. Treasury Department.
Yesterday, the U.S. Bureau of Economic Analysis (BEA) announced that foreign customers spent $1.83 trillion on U.S. goods and services in 2010.
They spent $119 billion on U.S. agricultural exports, $370 billion on machinery and equipment, $112 billion on vehicles and parts, $166 billion on consumer goods like pharmaceuticals and household goods, and $546 billion on services. (more…)