Articles Tagged 'trade deficit'
US trade deficit with China grows to a record and it’s likely even worse than the data shows
Despite U.S. President Donald Trump launching a high-stakes trade war against Beijing last year, China on Monday announced that its 2018 trade surplus with Washington… READ MORE
Obama’s free-trade goal hits roadblock
By Kara Rowland-The Washington Times
Eight months after he called for action on a string of stalled free-trade deals, President Obama is battling fierce opposition from his own party and concerns over a rising trade deficit in a rush to meet his own self-imposed November deadline for finishing a major accord with South Korea.
But the failure of the Obama… READ MORE
U.S. December trade deficit widens to $40.2 billionBy: Rex Nutting, Marketwatch.com
WASHINGTON (MarketWatch) — The U.S. trade deficit widened to $40.2 billion in December, the Commerce Department reported Wednesday. Economists surveyed by MarketWatch were looking for the gap to widen to $37.7 billion. Imports increased $8.4 billion to $189.2 billion, led by higher imports of petroleum, autos, and capital goods. Exports rose $4.6 billion to $142.7 billion,… READ MORE