Tag: Commerce Department

• Friday, May 17th 2019 - 09:16 UTC

  Trump's administration makes official Huawei's blacklisting further escalating trade dispute with China

  

  The Trump administration on Thursday officially added China's Huawei Technologies to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies.

• Thursday, February 28th 2019 - 09:15 UTC

  US trade deficit widens sharply in December: imports increase, exports drop

  

  The US trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter. Other data from the Commerce Department on Wednesday showed new orders for US-made goods barely rose in December and business spending on equipment was much weaker than previously thought, pointing to a softening in manufacturing activity.

• Saturday, October 27th 2018 - 09:43 UTC

  Government and consumer spending boosts US economy in third quarter

  

  The US economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping it on track to hit the Trump administration’s 3% growth target this year.

• Thursday, September 6th 2018 - 08:22 UTC

  U.S. trade deficit at a five month high in July; China maintains a comfortable surplus

  

  The U.S. trade deficit rose to a five-month high in July, with the politically sensitive gap with China hitting a record high, which economists said could embolden the Trump administration to aggressively pursue its “America First” agenda.

• Thursday, July 15th 2010 - 06:19 UTC

  US May trade deficit, the highest in last 18 months

  

  US trade deficit widened to its highest level in 18 months in May, driven by demand for imported cars, computers and clothing. The deficit increased by 4.8% to 42.3 billion US dollars, the largest since November 2008, Commerce Department data showed.