The WTO ruled on Tuesday the EU can impose tariffs on about $US4 billion worth of US goods in retaliation for subsidies granted to aircraft maker Boeing. The US took European countries to WTO in 2004 for subsidies to rival aerospace firm Airbus, and the EU reciprocated with a case […]
The US trade deficit swelled 5.9% to $US67.1 billion in August, the Commerce Department said Tuesday, reaching its largest level since 2006. Economists surveyed by Bloomberg expected the trade gap to widen to $US66.2 billion. Shipments of consumer goods led the increase in imports and hit a record high as […]
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 […]
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 […]
The US goods and services deficit – touted by President Trump as the top trade scorecard – widened to $US54.6 billion in May from $US49.8 billion, the Commerce Department announced Thursday. Exports plummeted to $US144.5 billion from $US151.1 billion to hit its lowest level since November 2009. Imports shrank $US1.8 […]
US equities slid on Wednesday as rising coronavirus case counts around the world fuelled fresh fears of a slow economic recovery. COVID-19 case increases across California, Texas, and Florida continue to rise and drive concern around economic reopenings. Investors also braced for a new tariff announcement after a late-Tuesday notice […]
The Trump administration plans to call for a “broad reset” of World Trade Organisation tariffs in its latest conflict with the global authority. The US levies a mere 3.4% average rate, while the European Union and China charge 5.1% and 10%, respectively, under WTO rule. The organisation’s tariff rates “no […]
The US trade deficit widened to $US49.4 billion in April from $US42.3 billion as the coronavirus slammed manufacturers and disrupted trade logistics. Exports slid 20.5% through the period to $US151.3 billion, the Commerce Department announced Thursday, marking the metric’s largest decline in data going back to 1992. Imports plunged 13.7%, […]
March exports plunged by a record 9.6% to $US187.7 billion, down $US20 billion from February, according to a Tuesday report from the Commerce Department. March imports fell 6.2%, the most in 11 years, to $US232.2 billion, shedding $US15.4 billion from the previous month. The goods and services deficit grew 11.6% […]
A shipment of 3M protective masks that was bound for Berlin was diverted in Thailand and sent to the US, the Financial Times reported. Andreas Geisel, Berlin’s interior minister, told the newspaper that the diversion of the 200,000 masks was “an act of modern piracy.” President Donald Trump had criticised […]
President Donald Trump increased tariffs on $US200 billion worth of Chinese goods on Friday, escalating the US-China trade war. The increased tariffs apply to a slew of Chinese goods, ranging from minerals to food to clothing. 5,745 Chinese goods will get hit by the increased tariff. We complied the major […]
House Speaker Paul Ryan said an agreement on the North American Free Trade Agreement, or NAFTA, must be reached by May 17 for Congress to vote on it this year. Significant issues still must be resolved on issues ranging from investor disputes to car manufacturing. US, Canadian, and Mexican negotiators […]
President Donald Trump and Japanese Prime Minister Shinzo Abe talked to reporters on Wednesday, at the end of a two-day summit in Florida. The two leaders played golf and brainstormed on a number of issues like international trade and early diplomatic talks on the Korean Peninsula. The meeting comes at […]
On Thursday, President Donald Trump is holding...
LONDON -- Prime Minister Theresa May...