In 2013, Bruno Mars was the most pirated artist in the world. It is another example of how popular American movies and music are abroad but exports have been falling sharply in the past year. The industry blames this on piracy and hopes it can be curbed by more intellectual […]
Author: Emilia David
Strong global demand to boost international trade despite prolonged winter
Trade deficit for March is expected to narrow as the impact of a prolonged winter lessened and global demand grew. Majority of economists polled by Bloomberg predict the deficit to narrow to $40 billion from February’s $42.3 billion. “Weather shouldn’t play a big impact on trade because global demand is […]
Philippines not yet a viable source for bananas for US
After nearly 10 years of trying to send bananas to the United States, the Philippines finally sent a shipment last year. But despite this, the country is still not in a position to become a regular source of bananas to the U.S. Location, transportation and volume are still the advantages […]
February exports, cold weather drag US trade
The United States saw its trade deficit widen for the second month as the cold weather and weak global economy continued to hamper movement of goods. But with the cold weather waning, next month’s figures are expected to perform better. The trade deficit increased to $42.3 billion in February up […]
January trade deficit widens slightly
The United States’ trade deficit slightly rose in January prompting speculation the rest of the year will not fare better. The trade deficit increased slightly to $39.1 billion in January from December’s revised number of $39 billion, the Commerce Department said Friday, despite an increase in exports. Compared to January […]