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Economic Reports Trade Balance

  • Tax reform unlikely to be revenue neutral: Larry Bossidy

    Larry Bossidy, former Honeywell CEO, shares his expectations on what tax reform legislation will finally look like.

  • Mexico is not a backdoor for Chinese imports: Mexico's Guajardo

    Ildefonso Guajardo, Mexico's economy secretary, talks trade and renegotiating term of the North American Free Trade Agreement.

  • RASTATT, Germany, June 2- German car and truck manufacturer Daimler said its plans to expand manufacturing at a plant in Alabama predates U.S. He used Twitter this week to attack Germany partly for its trade policies, flagging the United States' "massive trade deficit with Germany." Last year, around 545,000 cars were shipped from Germany to the United States, German...

  • TORONTO, June 2- The Canadian dollar was little changed against its broadly weaker U.S. counterpart on Friday, recovering from an earlier two-week low as data showing a rise in Canada's exports offset the impact of slumping oil prices. Prices of oil, one of Canada's major exports, fell to a three-week low on worries that U.S. Canada's trade deficit in April narrowed...

  • Statistics Canada said on Friday that the April trade deficit narrowed to C $370 million as exports outpaced imports for a second straight month on shipments of motor vehicles and parts. After struggling for years to adjust to sharply lower prices of crude oil, Canada's economy appears finally to be on a sustainable path to recovery. "The Bank of Canada has been...

  • OTTAWA, June 2- Canada's trade deficit in April narrowed to C $370 million as exports outpaced imports for a second month in a row to hit a new record high on shipments of motor vehicles and parts, Statistics Canada said on Friday. Exports to the United States, which accounted for 75.7 percent of all Canadian exports in April, soared by 5.4 percent while imports grew...

  • BERLIN, June 1- The euro exchange rate is too low for the German economy's competitiveness and Germany's trade surplus would be only half as large without the European Central Bank's loose monetary policy, the German Finance Minister said on Thursday. "Moreover, our current account surplus, which is really the source of the international debate, has to do with an...

  • BERLIN, May 31- Germany's DIHK Chambers of Commerce on Wednesday raised its forecast for exports to the United States for 2017 despite widespread concerns about protectionism since Donald Trump became president. Trump has repeatedly criticised Germany's large trade surplus and on Tuesday he tweeted that Germany's trade and spending policies were "very...

  • BEIJING, May 31- China's trade deficit in services narrowed to $18.3 billion in April from $22.1 billion in March, the foreign exchange regulator said on Wednesday.

  • German Chancellor Angela Merkel, U.S. President Donald Trump arrive for the group photo at the G7 Taormina summit on the island of Sicily on May 26, 2017 in Taormina, Italy.

    The president's angry tweets about Germany's "unfair" trade practices could leave the U.S. as the odd man out in the global economy.

  • FRANKFURT, May 30- Daimler's Mercedes-Benz "sees value" in having more suppliers in the U.S. state of Alabama, where it has a factory in Tuscaloosa, the group said on Tuesday. President Donald Trump took to Twitter to attack Germany partly for its trade policies, flagging the United States' "massive trade deficit with Germany." Both Daimler's Mercedes-Benz and BMW...

  • FRANKFURT, May 30- Daimler's Mercedes-Benz "sees value" in having more suppliers in the U.S. state of Alabama, where it has a factory in Tuscaloosa, the group said on Tuesday. President Donald Trump took to Twitter to attack Germany partly for its trade policies, flagging the United States' "massive trade deficit with Germany." Both Daimler's Mercedes-Benz and BMW...

  • *Canadian dollar at C $1.3490, or 74.13 U.S. cents. Prices of oil, one of Canada's major exports, were pressured may not be enough to drain a global glut that has depressed the market for almost three years. Canada's current account deficit widened more than expected in the first quarter of the year on an increase in imports of both good and services, data from...

  • US needs to sell more agriculture to Europe: Expert

    Anthony Gardner, former U.S. ambassador to the European Union, talk about the U.S. and its relationship with trade partners.

  • TAORMINA, Italy, May 26- European Commission President Jean-Claude Juncker denied on Friday that U.S. German media reports said Trump had denounced Berlin's policies as "very bad" and had signalled that he wanted to limit sales of German cars in the United States. "He did not say that the Germans were behaving badly," Juncker said in Sicily before the start of a Group...

  • WASHINGTON, May 25- The number of Americans filing for unemployment benefits rose slightly last week and the four-week moving average of claims hit a 44- year low, suggesting a further tightening of the labor market that could encourage the Federal Reserve to raise interest rates next month. "Businesses are wisely hoarding labor and not laying off workers...

  • *Weekly jobless claims increase 1,000. WASHINGTON, May 25- The number of Americans filing for unemployment benefits rose less than expected last week and the four-week moving average of claims fell to a 44- year low, suggesting further tightening in the labor market. Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted...

  • BRASILIA, May 23- Brazil's posted a current account surplus in April for the second straight month, central bank data showed on Tuesday, as record harvests boosted exports and helped limit currency losses during a deepening political crisis. Latin America's largest economy attracted $5.577 billion in foreign direct investment in March, slightly above...

  • ZURICH, May 23- Switzerland's trade surplus narrowed to its lowest level since the Swiss franc's surge rocked the country more than two years ago, as its industrial sector continued to struggle with the strong currency and pharmaceuticals exports slowed. In January 2015 the Swiss National Bank scrapped its long-standing limit on the franc versus the euro,...

  • *China revised April dollar-denominated exports +8.0 percent y/y (prelim +8.0 percent y/y). *China revised April dollar-denominated imports +11.9 percent y/y (prelim +11.9 percent y/y). *China revised April trade balance$ +38.03 billion (prelim.