California’s exporters recorded modest growth in August, according to a Beacon Economics’ analysis of U.S. trade statistics from the U.S. Census Bureau.
Foreign shipments by California businesses totaled $14.69 billion for the month, a nominal 4.0 percent increase over the $14.12 billion recorded in August 2016, Beacon says.
“While the uptick in California exports is good news, it also reminds us how important it is to Californians that the U.S. achieve a successful outcome in the current NAFTA negotiations,” says Robert Kleinhenz, executive director of research at Beacon Economics. “Our state economy benefits from trade with neighbors to the north and south, benefits that may be at stake in the current political climate.”
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