Gingles v. Edmisten and Pugh v. Hunt Pretrial Order

    Nm NA^tt
lrom

l77gF Street, NW National
Washington, DC 20006 Assocation of
(202) 637-3000 Manufacturers

85-277 NEWS CON"ACTS:
SARA ROSS (202) 537-3095

FOR IMMEDIATE RELEASE JEAN SANDERS QO2) E:Z-iTgZ
NAIVI REACTS TO OCTOBER TRADE DEFICIT OF SI1.5 BTLLION

wAsHrNGToN, D.c., Nov. 27, 1985 -- Alexander B. Troubridge,
president of the National Association of Manufacturers had this
reaction to the October trade deficit of SIf.5 billion announced today
by the Comrnerce Department:

'We are relieved that the trade deficit in October rdas not as bad

as the September deficit, which was the worst ever. But hre need to
focus on the big picture, and not on rerativery smalr monthry

variations. We are stil1 headed for a huge 1985 trade deficit of weII
over 5140 billion, and more than three quarters of that about $10g

billion, is going to be in manufactured good.s.

'The ability of American firms to compete has been seriously
undercut by an exchange rate system that has not been working properly
and a general failure of u.s. poricy to give commercial

competitiveness the priority it deserves. The Administration and the
congress have begun to come to grips with these problems. we cannot
afford to lose the momentum. There is still progress to be made on

the exchange rate, better international rules and perhaps a new trade
arrangement with Canada, before we can take any solid encouragement

from trade statistics. ,,



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NA^tt
l77gF Street, NW
Washington, DC 20006
(202) 637-3000

National
Assocation of
Manufacturers

85-277

FOR IMMEDIATE RELEASE

NA}4 REACTS TO OCTOBER TRADE

WASHINGTON, D.C., NOV. 27, 1gg5

president of the National Association

reaction to the October trade deficit
by the Commerce Department:

NEWS CONTACTS:
SARA ROSS (202) 637-3095
JEAN SANDERS (202) 637-3L92

DEFICIT OF $1T.5 BILLION

-- Alexander B. Trowbridge,

of Manufacturers had this
of SI1.5 billion announced today

"We are relieved that the trade deficit in october vas not as bad,

as the September deficit, which wa.s the worst ever. But ve need to
focus on the big picture, and not on relativery smalr monthty

variations. We are stitl headed for a huge 1985 trade deficit of rrell
over S140 billion, and more than three quarters of that about $10g

billion, is going to be in manufactured goods.

"The ability of American firms to compete has been seriously
undercut by an exchange rate system that has not been working properly
and a general failure of u.s. policy to give commerciar

competitiveness the priority it deserves. The Administration and the
Congress have begun to come to grips r.rith these problems. g{e cannot

afford to lose the momentum. There is still progress to be made on

the exchange rate, better international rules and perhaps a new trade
arrangement with Canada, before we can take any solid encouragement

f rom trade statistics. ,,



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