News

China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic

China’s trade boomed in September, with imports rising 13.2% year-on-year, easily beating expectations for an increase of 0.3%, while exports rose 9.9% year-on-year. Medical supplies, including personal protective equipment, and electronics fuelled the rise in exports. China’s trade surplus with the US fell to 30.75 billion in September down from […]
China’s trade boomed in September, reaffirming the world’s second largest economy is recovering from the pandemic
Markets

US goods-trade deficit widens to record $82.9 billion in August as imports surge

The US goods-trade deficit widened to a record in August as companies rushed to meet stronger consumer spending with increased importing. The trade gap jumped to $US82.9 billion from $US80.1 billion, the Commerce Department reportedThursday. Economists surveyed by Bloomberg expected a reading of $US81.8 billion. Imports climbed 3.1% to $US201.3 […]
US goods-trade deficit widens to record $82.9 billion in August as imports surge
Markets

US trade deficit in July hits widest point in 12 years

Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US trade deficit in July hits widest point in 12 years
Markets

Trump seems to have a back-up plan if his trade wars fail

Government officials have argued for a strong dollar for decades. President Donald Trump has gone against that precedent repeatedly. Some analysts think he could use exchange rates instead of tariffs to push US trade competitiveness. For decades in the US, government officials on both sides of the aisle have generally […]
Trump seems to have a back-up plan if his trade wars fail