On Monday’s broadcast of the Fox Business Network’s “Kudlow,” Treasury Secretary Scott Bessent defended using trade deficits to calculate tariffs and stated that the trade deficit is “a result of the terms of trades, it’s a result of our budget
On Monday’s broadcast of the Fox Business Network’s “Kudlow,” host Larry Kudlow said that he doesn’t really think using trade deficits to calculate tariffs is a good idea and that if the Trump administration gets tax cuts and deregulation, it
Taiwanese President William Lai Ching-te proposed zero tariffs, lower trade barriers, and more investment in the United States in response to Trump’s tariffs.
EU Commission President Ursula von der Leyen said on Monday that the bloc has offered a “zero-for-zero tariff” trade arrangement on industrial goods with the United States in a bid to avoid a full-on trade war.
America’s trade deficit with the European Union ballooned to over $215 billion last year as U.S. exports decreased and imports from the bloc increased, a trend that President Donald Trump seeks to reverse.
Rather than reversing the U.S. trade deficit, D.C. policymakers have allowed it to expand while simultaneously increasing the role of government to compensate for the damage it causes.
President Donald Trump signed a memorandum Thursday announcing that he would introduce a plan to impose reciprocal tariffs on all countries that tariff U.S. exports.
A much larger drop than expected after the port strike was put on hold until next year.
Indian Foreign Minister Subrahmanyam Jaishankar said on Sunday that India is not “nervous” about Donald Trump’s return to the White House.
It has been much higher under Biden-Harris.
A growing trade deficit usually means the budget deficit will grow also as government payments are needed to fill the hole in the economy created by unbalanced imports.
President Joe Biden’s State of the Union (SOTU) speech included a brief mention of China, but the language was carefully trimmed to avoid saying anything that might offend Beijing, beyond the most cursory mention of Taiwan.
The trade deficit has been higher in each year of Biden’s presidency than it was under any of his predecessors.
The South Korean Foreign Ministry said Tuesday that high-level diplomats from South Korea and Italy met in Rome to discuss enhanced bilateral cooperation on economic and security issues.
The trade gap with the rest of the world increased to $74.6 billion in April.
Exports of goods for February were $167.8 billion, $6.7 billion less than January exports. Imports of goods for February were $259.5 billion, $6.2 billion less than January imports.
China’s trade deficit with Russia tripled in 2022, a report revealed on Friday, thanks in part to skyrocketing energy prices that made Russia’s discounted oil and gas irresistible to Chinese buyers.
The nation’s trade deficit widened 5.4 percent in October to a four-month high of $78.2 billion, data from the Commerce Department showed Tuesday.
The stronger dollar hurt exports but imports fell by even more.
A strong dollar and weakening demand for imports sent the trade deficit tumbling in July.
The U.S. trade deficit rose an astonishing 22 percent in March to $109.8 billion.
After a record high in February, economists through the trade deficit in goods would shrink. Instead, it rose to a new record high in March.
Imports rose while exports fell, pushing the trade deficit up to $89.7 billion at the start of the year.
During the State of the Union Address on Tuesday night, President Joe Biden announced that products will be manufactured and bought in USA.
And they wonder why the ports are clogged.
A huge surge in imported goods pushed the deficit back to the record set in September.
President Joe Biden declared he has the “strongest first-year economic track record of any president in the last 50 years.”
The U.S. trade deficit “mushroomed to a record in November” and will likely continue for the duration of the coronavirus pandemic.
The rise of exports means more income for U.S. producers, an economic positive, but it also increases the risk that inflation will continue to accelerate. Rising foreign demand for U.S. goods and services can push up prices for domestic consumers.
China’s state-run Global Times on Sunday was tremendously excited by the U.S. House of Representatives passing a $1.2 trillion infrastructure bill, because it expected the U.S. will quickly realize it no longer has the manufacturing capacity to build massive infrastructure projects without China’s help.
Chinese state media on Wednesday celebrated 20 years since China’s entry into the World Trade Organization (WTO).
The direct stimulus payments that hit bank accounts across the U.S. in March increased incomes by a record amount—but much of it found its way into foreign coffers, pushing the trade deficit up to the highest level on record.
Imports shrank slightly but exports to our trading partners contracted sharply in February.
Imported goods from China are flooding ports in California as the United States trade deficit hits a 14-year high.
The deficit with China fell in September thanks to rising exports.
Biden repeated his false claim that the trade deficit with China is up. In fact, the U.S. trade deficit in goods is on pace to be at its lowest since 2009.
Imports were down but exports were down by more so the trade deficit rose.
Now that most international public health experts have reversed their curious positions from earlier this year that masks do nothing to slow the spread of the Wuhan virus, China has capitalized on the surging demand for masks to become the world’s biggest provider, despite persistent complaints from customers about the poor quality of Chinese products.
The government has said that 2019 was a “record-breaking” year for British exports, with a 13.6 per cent increase in exports to non-EU countries on the year before while the trade deficit with the European Union has widened.
The trade deficit with China fell to the lowest level since 2014 as tariffs were hiked last year. |
