Trump's administration has become too keen on tackling the trade deficit, which has some benefits, economist Gregory Mankiw tells CNBC.
LONDON, Dec 6- Britain's statistics agency made big cuts to its estimates for the country's trade and current account deficits on Tuesday after it found a "processing error" in its trade statistics. The Office for National Statistics said the error in the' erratics' category of British trade- which includes gold, gems, aircraft and ships- affected trade and current...
WASHINGTON, Dec 6- The U.S. trade deficit recorded its biggest increase in more than 1-1/ 2 years in October as exports of soybeans and other goods dropped, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday the trade gap widened 17.8 percent to $42.6 billion. We were already penciling in net exports to...
Canada posted a smaller-than-expected trade deficit of C $1.13 billion in October, down from a record C $4.38 billion shortfall in September, when a one-time shipment of oil machinery boosted imports, Statistics Canada data showed. "What the Bank of Canada will pay more attention to is the seven-tenths decline in export volumes on the month," said Scotiabank...
OTTAWA, Dec 6- Canada's trade deficit in October shrank to C $1.13 billion from a record C $4.38 billion in September as one-off factors helped slash the value of imports, Statistics Canada data indicated on Tuesday. Imports of industrial machinery sank by 42.0 percent from September, when a South Korean module destined for an offshore oil rig arrived in Canada.
WASHINGTON, Dec 6- The U.S. trade deficit recorded its biggest increase in more than 1-1/ 2 years in October as exports of soybeans and other goods dropped, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday the trade gap widened 17.8 percent to $42.6 billion. The jump in exports in the last quarter largely...
WASHINGTON, Dec 6- The U.S. trade deficit increased in October as exports fell amid declining shipments of soybeans and other goods, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday that the trade gap widened 17.8 percent to $42.6 billion. The jump in exports in the last quarter largely reflected a surge...
We level the playing field, says Fred P. Hochberg, U.S. Export-Import Bank chairman and president, discussing the bank's role in the jobs market.
Chuck Todd, "Meet the Press" moderator talks about President-elect Trump building out his cabinet.
Stephen Roach, Yale University senior fellow, shares his thoughts on Donald Trump's 'tweet storm' about China. The currency manipulation charge is a bogus charge, adds Roach.
There's a difference between moving to Mexico and staying in Mexico, says Alex Molinaroli, Johnson Controls CEO, weighing in on President-elect Trump's conversation with United Technologies CEO about keeping Carrier jobs in the U.S.
The U.S. and China both could be seriously hurt if Trump's rhetoric turns into economic retribution by either side.
The pound briefly hit its strongest since early October against the dollar in early London trade, extending one of the currency market's best runs over the past month. Nick D'Onofrio, chief executive with London- based hedge fund North Asset Management, said that Britain's huge current account deficit argued for substantial falls in the pound.
Michael Feroli, JPMorgan chief economist, and Larry Bossidy provide insight to a border adjustment tax.
Larry Bossidy, former Honeywell chairman and CEO, provides his wish list for 2017, including three percent economic growth.
Kevin Rudd, Asia Society Policy Institute, discusses Donald Trump's series of tweets slamming China about its currency and military policy.
Derek Scissors, American Enterprise Institute, discusses Donald Trump's comments about placing a 35% tariff on companies that consider moving jobs outside the U.S.
CNBC's Eunice Yoon reports President-elect Donald Trump fired off a series of tweets criticizing the Chinese government after a phone conversation with the leader of Taiwan.
CAIRO, Dec 4- Egypt has sharply raised customs duties on more than 300 goods to encourage domestic production and curb a ballooning trade deficit, prompting fears consumers already struggling with double-digit inflation will face further price increases. The increases, which saw many tariffs jump to 60 percent, are the second to be imposed this year in Egypt,...
Trump’s win has left a “high degree of uncertainty," said Leif Lybecker Eskesen, senior VP for economics and investment strategy at Singapore state fund GIC.