Author: Sofia Perpetua

U.S. trade deficit narrows as oil imports fall in February

The U.S. trade gap narrowed in February as oil imports fell to their lowest level since March 1996 while exports increased slightly, the Commerce Department announced on Friday. The lower trade came out at the same time as a discouraging jobs report and economists dismissed the idea that it would […]

If signed, the US-EU FTA might not benefit agriculture in the United States

Chlorine-washed poultry, hormone-fed cattle and genetically modified foods–everyday products in the US— are nowhere to be found in Europe. These cultural differences could torpedo negotiations over an agreement that would expedite trade. President Obama proposed in his State of the Union address in February to open negotiations over a free-trade […]

U.S. Trade Deficit increases despite Economic Recovery

The U.S. trade deficit widened in January, reflecting an increase in demand for imported oil. The trade gap widen to $44.45 billion, a 16.5 percent increase from the previous month, according to the Commerce Department. Analysts expected a trade deficit of about $42.6 billion for January. The petroleum balance rose […]