Tag: international trade

U.S. goods trade deficit grew in January to widest in three months

The US economy continue stronger than expected. The U.S. trade deficit in goods is widest gap in three months in January, according to data released Wednesday by the Commerce Department.  That month, imports surged by 3% to $325.8 billion, exports rose by 3.4% to $257.5 billion. The main driver of […]

US Manufacturing Takes Its Hardest Hit Since 2009

New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]

Photo by Andy Li on Unsplash

‘Phase 1’ of China trade deal causes fall in deficit

The U.S. international trade deficit fell by more than expected in January, due to the first phase of the trade deal signed by the President and China.  The trade deficit dropped 4.6% to $65.5 billion in January compared with $68.7 billion in December, according to the advanced U.S. international trade […]

US trade deficit narrows as soybean sales rise

The U.S. trade deficit narrowed in January as imports declined and exports rose, partly because of a compromise by China amid trade negotiations between the two countries. The trade deficit in goods and services shrank 14 percent in January to $51.1 billion, according to a Commerce Department report released Wednesday. […]

Trump’s Immigration and Trade Policies Could Cancel Out

When her husband was deported to Juarez in 2012, Amy Rios couldn’t just leave her Wisconsin life behind to join him. In her hometown of Waukesha, Rios had a 2-year-old daughter to care for, an extended family network and a new career as a phlebotomist to maintain. It took nearly […]

Five Things to Watch in the International Trade Report

The Department of Commerce releases its February report on international trade Tuesday morning. It’s rarely been so politically significant. For President Donald Trump, the trade deficit – the amount that imports exceed exports – is a newfound foe, one which his cabinet members have argued poses a distinct threat to national […]


West Coast port labor negotiations and the strengthening dollar helped to shrink the U.S. trade gap in January. The U.S. Department of Commerce reported an 11% decrease in the trade deficit to $41.8 billion from $46.6 billion,  the largest since January 2012. Exports and imports decreased overall, with exports down […]

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 […]