As President Obama completes his trip to China, it's a natural time to ask if trade with the greatest source of U.S. imports is a good thing or bad thing for the still battered U.S. economy
While economists fret whether the sharp "V"-shaped drop of the financial crisis will turn into a double-dipped "W" recovery, Tan Pheng Hock is most worried about the "P" word: Protectionism.
China and the US resolved several thorny trade disputes on Thursday even as Beijing confirmed it was investigating potential dumping of US-made cars in the Chinese market.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
Trying to decipher where President Obama really stands on free trade can be like trying to trace the U.S.-Mexico border with a Google map. There are words, and there are actions - but there is mostly that long squiggly line in between.
The nation's trade deficit narrowed 9.7% in January, shrinking to its smallest gap in 6 years, according to government data released Friday.
Some fear that the protectionist trend spreading across the globe could escalate into a growth killing global trade war.
President Obama takes his first foreign trip Thursday, but domestic politics will loom large as he tackles the explosive issue of protectionism in a meeting with Canadian Prime Minister Stephen Harper, the leader of the United States' largest trade partner.
The heated war of words over "Buy American" laws may be nearing a truce in Congress, but there are still fears among critics that it could spark a new global trade war.
The gap between the nation's imports and exports narrowed in December to a six-year low, according to a government report Wednesday. The gap for the year turned sharply lower and marked the second straight year of shrinking annual trade deficits.
As President Obama completes his trip to China, it's a natural time to ask if trade with the greatest source of U.S. imports is a good thing or bad thing for the still battered U.S. economy
While economists fret whether the sharp "V"-shaped drop of the financial crisis will turn into a double-dipped "W" recovery, Tan Pheng Hock is most worried about the "P" word: Protectionism.
China and the US resolved several thorny trade disputes on Thursday even as Beijing confirmed it was investigating potential dumping of US-made cars in the Chinese market.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
Trying to decipher where President Obama really stands on free trade can be like trying to trace the U.S.-Mexico border with a Google map. There are words, and there are actions - but there is mostly that long squiggly line in between.
The nation's trade deficit narrowed 9.7% in January, shrinking to its smallest gap in 6 years, according to government data released Friday.
Some fear that the protectionist trend spreading across the globe could escalate into a growth killing global trade war.
President Obama takes his first foreign trip Thursday, but domestic politics will loom large as he tackles the explosive issue of protectionism in a meeting with Canadian Prime Minister Stephen Harper, the leader of the United States' largest trade partner.
The heated war of words over "Buy American" laws may be nearing a truce in Congress, but there are still fears among critics that it could spark a new global trade war.
The gap between the nation's imports and exports narrowed in December to a six-year low, according to a government report Wednesday. The gap for the year turned sharply lower and marked the second straight year of shrinking annual trade deficits.
The nation's trade deficit narrowed sharply in November, to the lowest level in 5 years, reflecting the sharp drop in the price of imported oil, according to a government report released Tuesday.
The trade deficit rose unexpectedly in October as U.S. exports plummeted, according to a government report released Thursday.
The U.S. trade deficit eased in September as imports of crude oil dropped and economic weakness worldwide curbed exports.
The U.S. trade deficit edged down slightly in August, reflecting a drop in foreign oil from record levels
Record oil prices sent the trade deficit to a 16-month high in July, according to a government report released Thursday that also showed signs of economic weakness.
The U.S. trade deficit contracted in June, according to a government report released Tuesday, surprising economists who expected an increase.
The dollar continued to barrel to new multi-month highs against the euro and the pound in tandem with oil's drop
High oil prices helped to expand the nation's trade deficit more than expected in April, reaching levels not seen in over a year, according to a government report released Tuesday.
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending
The nation's trade gap narrowed in March, as a weakened U.S. economy led to the sharpest decline in Americans' demand for foreign imports in more than six years, according to a government report released Friday.
The trade deficit rose in February, contrary to an expected decrease, according to a government report Thursday.
The trade deficit widened in January, although the increase was smaller than expected, according to a government report Tuesday.
The gap between the nation's imports and exports narrowed in December, according to a government report Thursday, leaving the gap for the year sharply lower and ending a five-year streak of record annual trade deficits.
China's trade surplus soared nearly 50 percent in 2007 to a record, despite safety worries about Chinese products and a slowdown in export growth late in the year, according to government data released Friday.
The U.S. trade deficit widened in October, coming in above Wall Street's expectations, as higher oil prices and a continued increase in Chinese imports fueled the gap, according to the government's latest reading.
The United States and other countries must work together to right a skewed pattern of trade and investment around the globe, a move that would help worldwide economic stability, Federal Reserve Chairman Ben Bernanke suggested Tuesday.
The gap between imports and exports narrowed slightly in July despite a jump in imports from China, an increase that made that nation the No. 1 source of U.S. imports.
Vietnam's trade deficit will nearly double to $8 billion this year from $4.8 billion in 2006, but efforts to reduce the shortfall should not come at the expense of investment and growth, a government minister said on Wednesday.
St. Louis Federal Reserve Bank President William Poole said Friday that rising protectionism in the United States was a worry and the Doha round of world trade talks were on the verge of collapse.
The nation's trade gap fell unexpectedly in June, as strong exports more than offset higher oil prices and a rise in imports from China.
China's trade surplus soared 67 percent in July from a year ago to its second-highest monthly level on record, according to data reported Friday, amid mounting pressure by U.S. lawmakers to sanction Beijing over trade and currency disputes
The U.S. trade deficit jumped 6.5 percent to a record $763.6 billion last year as high oil prices and Americans' appetite for foreign-made goods outpaced strong exports.
The nation's trade deficit tumbled in October on lower prices for oil imports, but the gap with China kept growing ahead of a key trip to that country by Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and other top officials.
The midterm elections, which produced the highest voter turnout in more than two decades, resulted in not only the Democratic takeover of both the House and the Senate, but a new political reality that has some free-trade-at-all-cost Republicans writhing in pain.
The trade gap fell on lower oil prices and record exports in September, coming in well below Wall Street forecasts, according to a government report Thursday.
The trade deficit jumped in August to nearly $70 billion, a record for the second straight month, as the nation's appetite for imported goods and costly oil outstripped strong exports, according to government figures released Thursday.
Rising oil prices increased the U.S. trade gap in July to a record high, the government reported Tuesday, as the deficit between imports and exports soared above forecasts.
The U.S. trade gap narrowed slightly in June, according to a government report Thursday.
The nation's trade deficit edged only narrowly higher in May despite soaring oil imports, as Americans' appetite for non-energy imports started to show signs of waning and U.S. exports made gains in global markets.
President Bush, answering reporters during a press conference in Chicago Friday, called protectionism a "worrisome" trend and compared it to national isolationism.
The nation's trade gap shrank unexpectedly in March, the government reported Friday, but economists said the improvement was probably temporary.
The U.S. trade gap narrowed in February, the government reported Wednesday, as the latest reading came in much smaller than forecasts.
The U.S. trade deficit reached a record level in January, according to a government report Thursday that showed U.S. consumers' appetite for overseas goods continuing to grow.
The nation's trade deficit soared 18 percent to nearly three-quarters of a trillion dollars last year -- the ninth record in the last 10 years -- fueling a growing debate over the risks to the U.S. economy, and American workers, posed by imported goods.
Lower oil prices cut the U.S. trade deficit in November from the previous month's record level, according to a government report Thursday that showed a narrower gap between imports and exports than Wall Street estimated.
The United States expects to run a massive trade deficit with China this year of more than $200 billion, despite U.S. exports to China growing 22 percent to about $35 billion.
The U.S. trade deficit soared to record levels in September, according to a government report, as higher oil prices, rising gasoline imports and a fall in exports caused the gap to widen far more than forecasts.
Rising oil prices lifted the U.S. trade deficit in the August, the government reported Thursday, but the gap between the nation's imports and exports was slightly below Wall Street expectations.
The trade deficit fell in July despite a sharp rise in the value of oil imports, the government said Tuesday -- a surprise decline that economists said probably wouldn't last.
The U.S. trade gap grew in June, according to a government report Friday that came in wider than Wall Street expectations.
The gap between U.S. imports and exports narrowed in May, according to a government report Wednesday that came in smaller than Wall Street forecasts.
The U.S. trade deficit widened in April, the government reported Friday, but the expansion was less than expected.
The U.S. trade deficit shrank a surprising 9.2 percent in March as big declines in Americans' purchases of imported cars and clothing more than offset a jump in oil imports, the government reported Wednesday.
Rising oil prices lifted the U.S. trade gap to a record $61.0 billion in February, the government reported Tuesday, as the difference between the nation's imports and exports came in well above Wall Street expectations.
U.S. companies looking for the source of much of the nation's trade gap need only to look in the mirror.
Treasuries fell and the dollar slid Friday following news that the trade deficit has grown more than expected; Alan Greenspan's comments Thursday night that a weaker dollar would help ease the gap contributed to the declines.
Consumers' demand for imported goods pushed the U.S. trade gap to its second highest monthly reading on record, according to a government report Friday, as the deficit grew more than Wall Street expectations.
So much focus is on the U.S. budget deficit right now that its "twin," the U.S. trade deficit, is not getting the attention it deserves.
The U.S. trade deficit jumped 24 percent to a record high last year, the government said Thursday, though the nation's trade picture showed slight improvement at the end of the year.
President Bush dedicated a major part of his State of the Union address to what he has been calling one of the biggest problems facing our nation: Social Security.
The dollar fell Wednesday after a report showed the U.S. trade deficit widened in November way beyond expectations, sparking a sell-off in the currency, pushing bonds higher.
The U.S. trade gap narrowed in September as the value of oil imports declined, according to a government report Wednesday that put the deficit below Wall Street expectations.
The U.S. trade gap in June was so shockingly wide that many economists almost doubted the numbers on Friday.
The U.S. trade deficit grew in April to a record $48.3 billion, coming in larger than Wall Street forecasts, a government report Monday showed.
The U.S. trade deficit rose to a record $45.96 billion in March as rising oil prices put the gap well beyond Wall Street expectations.
The U.S. trade deficit narrowed in February, coming in below estimates with both exports and imports hitting a record as the weak dollar offset soaring oil prices, the government reported Wednesday.
The U.S. trade deficit with the rest of the world expanded in January to its highest monthly level on record, as strong domestic demand and higher energy prices offset the effects of a weaker dollar, the government reported Wednesday.
You may have noticed recently that I'm being attacked for my views on the exporting of American jobs and my calls for a balanced U.S. trade policy.
A drop in the dollar seems like everybody's favorite answer to how to fix the United States' huge trade deficit with the rest of the world.
The nation's trade deficit jumped about 11 percent in December as strong economic growth pulled in record imports and exports inched lower despite a weaker dollar, the government reported Friday.
November's drop in the trade deficit was welcome news and a sign the gap may be stabilizing, but there's little hope the deficit will shrink much further any time soon, economists said Wednesday.
The election year has begun, and politicians are about as apt to espouse the benefits of free trade as they are to rally against apple pie.
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