WASHINGTON — With a final accord in sight, the 12 nations negotiating a trans-Pacific trade agreement linking 40 percent of the global economy have set a last round of talks for late July on the remaining issues on the most ambitious trade deal in a generation. [Reposted from The New York Times  |  Jonathan Weisman …

Washington, D.C. – The Commerce Department released the latest monthly U.S. trade figures Tuesday. The overall monthly U.S. international goods and services trade deficit increased to $41.9 billion in May, from $40.7 billion in April, revise [Reposted from the Alliance for American Manufacturing site  |  July 7, 2015] The monthly U.S. goods deficit with China…

One shortcoming of the Trans-Pacific Partnership is that it has only one major consumer market, the United States, while the rest of the trading partners are essentially producers with limited demand for imported goods, said Terence Chong, who is the executive director of the Institute of Global Economics and Finance at the Chinese University of…

  Countries are trade partners with a shared goal of challenging US hegemony, but past disputes and competing interests make the relationship more complex. Forget euro summits and G7 gatherings: for the countries that like to style themselves as the world’s rising powers, the real summitry takes place this week in central Russia, where Vladimir…

  Editors Note: While the pro-trade deficit lobby claims that 98% of consumers live outside the United States, this article shows most have little, if any, purchasing power. UNITED NATIONS — Poverty may be down worldwide, yet that does not mean that yesterday’s poor are today’s middle class. Data analyzed by the Pew Research Center…

WASHINGTON – Ways and Means Committee Ranking Member Sander Levin (D-MI) today issued the following statement following a luncheon hosted by Vice President Biden in honor of Nguyen Phu Trong, General Secretary of the Central Committee of the Communist Party of Vietnam: [Reposted from the Ways and Means site  |  Rep. Sander Levin  |  July…

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $41.9 billion in May, up $1.2 billion from $40.7 billion in April, revised. May exports were $188.6 billion, $1.5 billion less than April exports. May imports were $230.5 billion, $0.3…