[Congressional Record Volume 141, Number 116 (Tuesday, July 18, 1995)]
[House]
[Page H7082]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1020
                          MAY'S TRADE NUMBERS

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. KAPTUR. Mr. Speaker, just hot off the press, America ran another 
budget-busting $11.4 billion trade deficit for the month of May, 
continuing the recordbreaking hemorrhage for 1995 for our country. For 
the first 5 months of this year, we recorded a trade deficit with the 
world of over $52 billion, an increase of 30 percent over the same 
period last year, more lost wages for this country, more lost wealth. 
What is the administration, the leadership of this House, and every 
other ``blind trader'' around Washington doing about this bleeding of 
America's wealth?
  While we chalked up a deficit of $2.8 billion with China just in May 
and a projected $32 billion deficit with them for this year, the 
administration is pushing for extension of most-favored-nation for 
China. With Mexico, after all the promises of increased exports to 
Mexico, our country is projected to run a $20 billion trade deficit 
with them this year. American workers can no longer afford to sustain 
these kinds of trade losses. Let us bring that wealth back to America.


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