WASHINGTON — The United States trade deficit in December widened sharply to its highest level since 2012 as a stronger dollar appeared to suck in imports and weigh on exports. [Reposted from Reuters | February 5, 2015] The Commerce Department said on Thursday that the trade deficit jumped 17.1 percent to $46.6 billion, the largest…
Trans-Pacific Partnership Barely Noticed By Weeknight News Over The Past 18 Months Weeknight television news programs have given little attention to the Trans-Pacific Partnership (TPP), a sweeping trade agreement between the United States, Canada, and 10 nations from the Asia-Pacific region. Although the nations involved in the negotiations create a huge amount of economic activity,…
WASHINGTON — An odd marriage of convenience between liberal Democrats and Tea Party Republicans is squeezing President Obama on his ambitious trade agenda, forcing the White House and top Republicans to fight a two-front war on an international economic effort the president hopes to secure before he leaves office. [Reposted from The New York Times …
Article I, Section 8 of the Constitution states: “The Congress shall have the power…to regulate commerce with foreign nations,” among other duties and responsibilities. [Reposted from Mesquite Local News | Frank Shannon | January 28, 2015] Fast Track/Trade Promotion Authority is being sought by President Obama as a means of passing new trade agreements through…
The US is helping China become the next superpower. That is the conclusion of a US intelligence analyst, Michael Pillsbury, who wrote the recent book: “The Hundred-Year Marathon: China’s Secret Strategy to Replace America as the Global Superpower.” Manufacturing & Technology News (subscription required) reports: Pillsbury, who spent 40 years as a China analyst…
Asia does not do free trade, they pursue national strategies. China is first among them. We are in a global competition of national interests, but are losing because our policy leaders don’t even know the game we are in. Richard McCormack at Manufacturing & Technology News (subscription required) reports that China’s high speed rail manufacturing…
Roubini’s unconventional truth: The world has too much supply and not enough demand Moreover, there is still slack in real-estate markets where booms went bust (the United States, the United Kingdom, Spain, Ireland, Iceland, and Dubai). And bubbles in other markets (for example, China, Hong Kong, Singapore, Canada, Switzerland, France, Sweden, Norway, Australia, New Zealand)…
Washington, D.C. – The U.S. Department of Commerce released the latest monthly U.S. trade figures this morning. The overall monthly U.S. international goods and services trade deficit widened to $46.6 billion in December, from $39.8 billion in November, revised. The goods and services deficit was $505 billion in 2014, up $28.7 billion from 2013. [A…
Trade Groups Urge U.S. to Push Against Chinese Regulations HONG KONG — United States trade groups gave the Chinese government an earful last week about new policies that could hamper the ability of major technology multinationals to do business in China. [Reposted from The New York Times | Paul Mozur | February 5, 2015] Now,…
The U.S. Census Bureau reported that the annual U.S. trade deficit in goods and services increased from $476.4 billion in 2013 to $505.0 billion in 2014, an increase of $28.6 billion (6.0 percent). This reflected a $6.5 billion (2.9 percent) increase in the services trade surplus and a $35.2 billion (5.0 percent) increase in the goods…
