Biden’s Claims About an Increase in Exports Ignore Larger Growth in Imports
Under President Joe Biden, U.S. exports of goods and services have increased, but U.S. imports have grown even faster. The more than $3.4 trillion in imports in 2021 was higher than any other year on record, and total imports are on pace to be higher in 2022.
However, on multiple occasions since at least late October, Biden has given the false impression that rising exports means declining imports and fewer U.S. jobs being outsourced to foreign countries.
“Exports are up, which means we’re making in Dec. 6 remarks on American manufacturing.
