Tag: US trade

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.
Tuesday, February 19th 2019 - 09:20 UTC
US/China trade talks resume in Washington... and are going “extremely well”

US-China trade talks aimed at ending a damaging tariff war will resume from this Tuesday in Washington, the White House has announced. The last set of talks ended Friday in Beijing with no deal, though US President Donald Trump said the discussions were going “extremely well” and suggested he could extend a Mar 1 truce deadline for an agreement to be reached.
Tuesday, September 18th 2018 - 08:58 UTC
Trump escalates the trade war with China imposing 10% tariffs on US$ 200bn imports

United States president Donald Trump escalated his trade war with Beijing, imposing 10% tariffs on about US$ 200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations.
Friday, August 31st 2018 - 08:41 UTC
Trump threatens to withdraw the US from the World Trade Organization

President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don't shape up, I would withdraw from the WTO,” Mr. Trump said in an interview with Bloomberg News.
Saturday, January 27th 2018 - 09:39 UTC
Trump tells Davos forum “America First”, but it does not mean America alone

President Trump declared America “open for business” in a speech on Friday to global to political and business elites in Davos, Switzerland, while taking a hard line on trade and vowing to make commerce with other countries “fair and reciprocal.”
Thursday, January 11th 2018 - 09:48 UTC
Canada accuses US of breaking international trade rules; files complaint with WTO

Canada has filed an expansive complaint with the World Trade Organization accusing the US of breaking international trade rules. The complaint challenges the ways that the US investigates products for subsidies and below-cost sales. As expected the US called the claims “unfounded”.
Friday, September 9th 2011 - 09:33 UTC
US trade deficit drops significantly in July as exports climb and oil prices fall

The U.S. trade deficit in goods and services dropped 13.1% in July to 44.8 billion dollars, the Commerce Department said Thursday.
Friday, May 13th 2011 - 01:01 UTC
US trade deals with Colombia, Panama and Korea could be approved ‘by August’

The United States free trade deals with Colombia, Panama and South Korea will pass through Congress by August if Republicans renew funding for the retraining of displaced workers, the chief U.S. trade official said Thursday.