Today the Bureau of Labor Statistics (BLS) released its monthly U.S. Import and Export figures that indicate an uptick in U.S. exports, but continue to show unsustainably high trade deficits with many countries.  U.S. Sen. Charles E. Schumer, the Chairman of the Joint Economic Committee released the following statement in reaction to the BLS report:

"While today's report indicating that a boost in U.S. exports has lowered the trade deficit this past month; the bottom line is that our overall trade deficit is unsustainably high and the trade gap with China is at record levels.  Unless the administration reins in soaring budget and widening trade deficits, its lasting legacy will be selling the future of our economy to our trading partners around the world."