Obama Calls Record Exports ‘Bright Spot’ in U.S. Economy

President Barack Obama said rising exports are a “bright spot” in the U.S. economic recovery while warning against complacency in the face of trade rivals such as China and Germany.

“We’ve been such a dominant economy for a long time, that our sale pitches and efforts have been a little more scattered” and perhaps not as effective, the president said at the White House during a meeting of his export council. The U.S. has “very aggressive” competitors.