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The US trade deficit widening in -- April up eight and a half percent from march to forty point three billion dollars exports increasing one point 2%.
The second highest level on record at a 187 billion snack -- Jeff Flock is at the Chicago export packing company in Illinois with more hey -- I take a good morning to you always like to put their real face on these numbers world we're just about the move a big piece of equipment -- -- cash come over here if you can and go ahead that we S and his weight per second because its always fun to see these things move.
You -- what.
-- We -- capital equipment.
And this is going where for example when what is that by the way that well we'll such -- over here you you make these big.
Pallets that -- stuff we make we make large skids export boxes.
This particular piece of equipment is -- vaporize or and I believe it is going into the Philippines I was gonna say we are the hot spots right now you said China once hot.
But the interesting thing is China is not -- hot right now.
China is not as hot right now -- Norris India.
-- countries right now that are purchasing most of the capital equipment.
Are in the South America.
Brazil into the Pacific rim countries.
Our Telesis -- that they had a real push in and -- after after NAFTA obviously a lot of people were sending equipment down there.
And then that kind of dried up went to China went to India you're seeing a -- now back to central South America.
We are seeing a big -- into -- into Mexico.
I I believe it has everything to do it labor rates and and the ability to.
And the ability to manufacture.
Out of -- and also people told us.
That you know that the lead times in China for example.
It's a long way to get something from China of course that's business for you if you're sending -- -- Well it is business for us but they have looked data and the cost of doing business in China now have completely flip flopped.
It's it's now making more sense to do business in other countries -- real quick before we get away SE built -- these six hits over here what what -- -- where those going.
There is a that there's a plant that's in that's in Ohio.
As it's currently shipping out tandem presses and and these are actually going to be going into Hungary.
-- interest thanks very interest thing.
They do a lot of -- in the old equipment you know used equipment that they send to other countries that other countries find that very interesting and helpful.
While are we get the new technology here.
Obviously exports huge to this economy.
You know you take one dollar and I give -- this do you are you give it back to me that's one thing but if we take a dollar for somewhere else.
That's a big help.
Indeed it is Jack thank you so much for that Jeff Flock and --
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