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Economic Reports Trade Balance

  • Wilbur Ross, U.S. Secretary of Commerce.

    Wilbur Ross, Commerce secretary, talks about the trade deal between the U.S. and China to open its borders to U.S. beef while cooked Chinese poultry is closer to hitting the American market.

  • US Secretary of Treasury Steven Mnuchin arrives for a G7 summit of Finance Ministers on May 12, 2017 in Bari.

    Mnuchin emphasized the Trump administration's excitement after the U.S. and China announced a series of trade measures.

  • WASHINGTON/ BEIJING, May 12- The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington's drive to cut its trade deficit with Beijing. The United States ran a trade deficit of $347 billion with China last year, U.S. China will also allow U.S....

  • WASHINGTON/ BEIJING, May 11- The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. The countries have agreed that China will allow U.S. imports of beef by no later than July 16. Trump had pledged during his presidential campaign that he would...

  • BEIJING, May 12- China does not deliberately pursue a trade surplus with the United States, vice commerce minister Yu Jianhua told a news conference on Friday. China and the United States announced initial results of ongoing trade talks on Friday that included expanding trade in beef and chicken and increased access for U.S. financial firms, as the United States...

  • President Donald Trump (L) and China's President Xi Jinping shake hands while walking at Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, April 7, 2017.

    The U.S. and China will expand trade in beef and chicken and increase access for financial firms, U.S. Commerce Secretary Ross said Thursday.

  • WASHINGTON, May 11- The United States and China will expand trade in beef and chicken and increase access for financial firms, as part of a plan to reduce the massive U.S. trade deficit with Beijing, U.S. The countries have agreed that China will allow U.S. imports of beef no later than July 16. Trump pledged during his presidential campaign that he would stop trade...

  • MEXICO CITY, May 11- Mexico sent a stark message to U.S. Trump indicated in an interview with The Economist published on Thursday that he wanted to get the U.S.- Mexico trade deficit down to about zero. Guajardo noted Mexico sends China a fraction of its total exports, and that the two major manufacturing nations tend to compete rather than complement one another...

  • MEXICO CITY, May 11- Mexico sent a stark message to U.S. Mexico runs a sizeable trade deficit with China, the destination of about 10 percent of its exports. Trump indicated, in an interview with The Economist published on Thursday, that he wanted to get the U.S.- Mexico trade deficit down to about zero.

  • MEXICO CITY, May 11- Mexico sent a stark message to U.S. Mexico has tried to deepen commercial links with China for years, and President Enrique Pena Nieto had hoped a Chinese high-speed train contract would presage more investment. Mexico runs a sizeable trade deficit with China, and the government could face resistance from Mexican manufacturers to opening up...

  • MEXICO CITY, May 11- A Mexican delegation will visit China in September, sending the United States the message that Latin America's No. 2 economy "has lots of other alternatives," Mexico's economy minister Idelfonso Guajardo said on Thursday. President Donald Trump indicated he wanted to get the U.S. trade deficit with Mexico down to zero. Guajardo said expanding...

  • PARIS, May 11- France's exports of goods should rebound this year after a deterioration in the current account weighed on growth last year, the central bank said on Thursday. France's current account deficit doubled last year to 19 billion euros, or 0.9 percent of economic output, despite a lower energy import bill as its services surplus evaporated and exports...

  • MEXICO CITY, May 10- Mexico made a pitch to U.S. Responding to a March 31 executive order by Trump for a review of the U.S. trade deficit, Mexico said its trade surplus with the United States was misunderstood and that the real hit to U.S. manufacturing jobs came with China's accession to the World Trade Organization in 2001.. Mexico said that, without NAFTA, the average...

  • TOKYO, May 11- Japan's current account balance posted a stronger-than-expected surplus in March on solid income from overseas investments, maintaining a run of uninterrupted monthly surpluses that has continued for almost three years. Export-reliant Japan's persistent current account surpluses could elevate the thorny issue of trade imbalances with...

  • BEIJING, May 8- China posted a preliminary current account surplus of $19 billion in the first quarter of this year and a deficit of $19 billion on its capital and financial account, the country's foreign exchange regulator said on Monday.

  • TOKYO, May 8- Japan is expected to report its biggest current account surplus in 10 years this week, made up of solid income from overseas investments and a strong trade balance boosted by exports and falls in oil prices, a Reuters poll showed. Japan posted a 2.81 trillion yen surplus in February. A strong current account surplus and a large trade surplus with the...

  • BEIJING, May 8- China's April trade surplus with the United States widened to $21.34 billion compared with a $17.74 billion surplus in March, customs data on Monday showed.

  • BEIJING, May 8- China's April exports rose 8.0 percent from a year earlier, missing analysts' expectations, while imports expanded 11.9 percent, official data showed on Monday. That left the country with a trade surplus of $38.05 billion for the month, the General Administration of Customs said. Analysts were expecting China's trade surplus to have widened to...

  • BEIJING, May 8- China's exports denominated in yuan rose 14.3 percent in April from a year earlier, the General Administration of Customs said on Monday. *Yuan-denominated imports rose 18.6 percent y/y in April. *That produced a trade balance of +262.3 billion yuan in April.

  • Donald Trump

    Trump's protectionist rhetoric has spurred a lot of hand-wringing about trade, but some emerging market exporters aren't too concerned.