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By Arthur Gorlick
In 1999, the total U.S. trade deficit was $256 billion, or $22.1 billion per month.
Things haven't improved much this year.
The trade deficit for July soared to $31.9 billion - $2 billion more than June's revised total of $29.8 billion. In July, U.S. exports of goods and services fell $1.3 billion to $89.7 billion, while imports rose $0.7 billion to a stunning $121.6 billion.
"We hope to do something about that," Commerce Secretary Norman Mineta said in a recent swing through Seattle, part of a cross-country tour of cities that have made progress in bridging the gap for Americans who have lacked access to information-age technology.
Mineta's tour introduced www.export.gov, or "Export Portal," a new Commerce Department Internet site aimed at helping small and medium U.S. companies engage in international trade.
"Only two percent of small businesses export because they just do not have the information or access to financing that will allow more of them to do so," Mineta said.
"There is no doubt that one of the problems that we have is the tremendous deficit in our balance of payments. What we've got to do is encourage companies to engage in exports all across the board."
Click onto www.export.gov and the home page guides potential exporters to links providing information on trade events, trade statistics, market research, tariffs and taxes, export rules, finding an export partner, financing export transactions and other keys that candoors to international trade.
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