Economic Reports Trade Balance

  • Australia remains committed to free and open trade relationships, according to Mathias Cormann, Australia's finance minister.

  • Davos, Switzerland gets ready to host the World Economic Forum this week.

    The latest WEF report stressed that the way a country measures economic growth must be re-imagined to prioritize people's living standards.

  • TORONTO, Jan 13- The Canadian dollar edged higher against its U.S. counterpart on Friday even as oil prices fell, with recent upbeat domestic data helping to underpin the currency ahead of a Bank of Canada interest rate decision next week. But data last week showed a surge in jobs in December and the first trade surplus in more than two years in November, while a Bank...

  • HONG KONG— China's exports fell back into contraction again last month, signaling renewed weakness for the world's second biggest economy as it faces possible trade tensions under Donald Trump's presidency. In November, China's exports eked out a 0.1 percent expansion after shrinking for nine straight months. For 2016, China's trade surplus amounted to...

  • BEIJING, Jan 13- China's trade surplus with the United States fell to $250.79 billion in 2016 from $260.91 billion in 2015, customs data showed on Friday. China, the world's largest trading nation, could be heavily exposed to protectionist measures this year if U.S. President-elect Donald Trump follows through on campaign pledges to brand it a currency...

  • BEIJING, Jan 13- China's December exports fell by a more-than-expected 6.1 percent from a year earlier, while imports beat forecasts slightly, growing 3.1 percent on strong demand for commodities from coal to iron ore, official data showed on Friday. That left the country with a trade surplus of $40.82 billion for the month, the General Administration of Customs...

  • BRIEF- CHINA DEC EXPORTS IN YUAN TERMS UP 0.6 PCT Y/Y, IMPORTS. Jan 13- China's exports denominated in yuan rose 0.6 percent in December from the same period a year earlier, the General Administration of Customs said on Friday. *That produced a trade surplus of 275.42 billion yuan in December.

  • Thomas 'Tom' Barrack, founder of Colony Capital LLC and chairman of U.S. President-elect Donald Trump's inaugural committee, speaks to members of the media in the lobby of Trump Tower in New York, U.S., on Tuesday, Jan. 10, 2017.

    Tom Barrack believes a "border adjustment tax" may come in at only 10 percent — not the 20 percent being discussed.

  • But Britain's trade performance deteriorated on the month, as a record value of goods imports outweighed exports which also hit an all-time high, showing the pound's drop since the referendum has yet to improve Britain's balance of trade. Separate figures from the ONS showed Britain's goods trade deficit with the rest of the world widened to 12.2 billion...

  • But Britain's trade performance deteriorated on the month, as a record value of goods imports outweighed exports which also hit an all-time high, showing the pound's drop since the referendum has yet to improve Britain's balance of trade. Separate figures from the ONS showed Britain's goods trade deficit with the rest of the world widened to 12.2 billion...

  • Shipping container trucks at the port in Long Beach, Calif.

    Talk of a "border adjusted" tax has gone from the sidelines to center stage, which has a lot of people asking: What is it exactly?

  • Ford Mustangs go through assembly at the Ford Flat Rock Assembly Plant August 20, 2015 in Flat Rock, Michigan.

    Carmakers used the Detroit Auto Show to talk up their U.S. production, likely reacting to Trump’s all-hours tweets, an analyst said Tuesday.

  • But the tone among Chinese thinkers at a National Committee on U.S.-China Relations event this week was quite placid.

  • OTTAWA, Jan 6- Canada posted a trade surplus of C $526 million in November, its first in more than two years, as exports jumped and imports posted a modest gain, Statistics Canada said on Friday. Exports increased by 4.3 percent- the most since June 2015- on higher shipments of metal and non-metallic products as well as record exports to countries other than the United...

  • The trade deficit jumped 6.8 percent to $45.2 billion, the largest imbalance since February, the Commerce Department reported Friday. He promised to impose high tariffs on countries such as China and Mexico unless they reformed what Trump charged were unfair trading practices that have cost millions of American jobs. Sal Guatieri, senior economist at BMO...

  • WASHINGTON, Jan 6- The U.S. trade deficit widened for a second straight month in November as imports rose to their highest level in more than a year on higher oil prices, suggesting that trade was a significant drag on economic growth in the fourth quarter. The Commerce Department said on Friday the trade gap increased 6.8 percent to $45.2 billion.

  • *Trade swings to A $1.2 bln surplus from A $1.1 bln deficit. SYDNEY, Jan 6- Australia boasted its first trade surplus in almost three years in November as surging commodity prices boosted export earnings beyond all expectations, a much-needed windfall that all but rules out the risk of recession for the resource-rich nation. Friday's data from the Australian...

  • *Trade swings to A $1.2 bln surplus from A $1.1 bln deficit. SYDNEY, Jan 6- Australia boasted its first trade surplus in almost three years in November as surging commodity prices boosted export earnings beyond all expectations, a much-needed windfall for mining profits, national income and tax revenues. Friday's data from the Australian Bureau of Statistics...

  • Lighthizer has argued that China has failed to live up to commitments made in 2001 when it joined the World Trade Organization and that tougher tactics are needed to change the system, even if it means deviating from World Trade Organization rules. "Years of passivity and drift among U.S. policymakers have allowed the U.S.- China trade deficit to grow to the...

  • SEOUL, Jan 1- South Korean exports in December rose for a second straight month, data showed on Sunday, adding to hopes for a firm turnaround in shipments that have fallen for most of the past two years. Exports rose 6.4 percent on-year to $45.07 billion in December while imports jumped a faster 7.3 percent to $38.07 billion, resulting in a trade surplus of $7.0...