The latest international trade data for the United States show that the country’s export drive, which has been a bright spot in an otherwise weak recovery, is now faltering. Nominal exports of goods grew a modest 1.6 percent in Q1 2012; a broader measure of exports that includes goods, services, and income receipts grew just 0.7 percent.
data will come as a particular disappointment to the White House. In his
2010 State of the Union address, President Barack Obama promised a
doubling of U.S. exports over a five-year period. >>>Read More
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