Obama Says Exports on Track to Double in Five Years
In his State of the Union address in January, President Obama laid out a bold initiative to double the United States’ exports in five years, helping create
Jul 31, 2020907.4K Shares14.1M Views
In his State of the Union address in January, President Obama laid out a bold initiative to double the United States’ exports in five years, helping create American jobs, bolster American companies and correct the country’s trade imbalance. Today, he gave a six-month report card, and said the country is on track to achieve the goal. Exports in the first four months of 2010 were 17 percent higher than in the first four months of 2009.
Of course, the recession has hurt global trade, so the United States will have to double a relatively small annual sum of exports. And the country has done it before. Still, it is not an easy challenge. And what is Obama doing to double exports? He says the country is: improving advocacy for U.S. exporters, easing financing for businesses that make products for exports, particularly small businesses, and removing trade barriers, among other efforts.
For more on how Europe could hamper the United States’ efforts to bolster trade, see this TWI articleby David Dagan.
Paolo Reyna
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Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
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