×

Economic Reports Trade Balance

  • BEIJING— President Donald Trump's agenda in Beijing is expected to be led by the standoff over North Korea's nuclear weapons and demands that China do more to balance trade with America. Xi was named last month to a second five-year term as the leader of China's Communist Party at a congress that elevated his status as China's most powerful leader in decades.

  • TOKYO, Nov 7- Japanese Finance Minister Taro Aso said on Tuesday that Japan would not enter a bilateral free trade agreement with the United States as a means to resolve the two countries' trade imbalance. "In the 1980 s, Japan accounted for 53 percent of U.S. trade deficits, but the situation is totally different now," Aso said. We agreed we are going to discuss how we...

  • TOKYO, Nov 7- Japanese Finance Minister Taro Aso said on Tuesday that Japan would not enter a bilateral free trade agreement with the United States to resolve the two countries' trade imbalance. Speaking to reporters after a cabinet meeting, Aso said it was true that the United States was running a trade deficit but said the situation was different from that of the...

  • *Trump says working with Japan on trade problems. President Donald Trump said on Monday that Japan would shoot North Korean missiles "out of the sky" if it bought the U.S. weaponry needed for doing so, suggesting Tokyo take a stance it has avoided until now. Trump also pressed Japan to lower its trade deficit with the United States and buy more U.S. military hardware.

  • China's preliminary current account surplus in the first three quarters was $106.3 billion and its capital and financial account surplus was at $1.8 billion, according to data published earlier on the website of the State Administration of Foreign Exchange.

  • China's preliminary current account surplus in the first three quarters was $106.3 billion and its capital and financial account surplus was at $1.8 billion, according to data published earlier on the website of the State Administration of Foreign Exchange.

  • Trump, who spoke at a joint press conference with Japanese Prime Minister Shinzo Abe in Tokyo, also said he wanted to work with Japan to "sort out" trade problems with Japan.

  • President Donald Trump, charging " Japan has been winning" on trade in recent decades, said he would push for more reciprocal trade with Washington's close U.S. ally- but in a friendly way. Trump also said Washington wants to make the United States the most attractive place to hire, invest and grow. Japan had a $69- billion trade surplus with the United States last year,...

  • OTTAWA, Nov 3- Canada's trade deficit remained at C $3.18 billion in September as imports and exports dropped for the fourth consecutive month, according to Statistics Canada data released on Friday. Exports to the United States fell by 1.2 percent, while imports rose by 0.4 percent. As a result, the trade surplus with the United States, which accounted for 74.1...

  • WASHINGTON, Nov 3- The U.S. trade deficit widened slightly more than expected in September as rising exports of goods and services were offset by a jump in imports. The Commerce Department said on Friday the trade gap increased 1.7 percent to $43.5 billion. August's trade deficit was revised up to $42.8 billion from the previously reported $42.4 billion.

  • CAIRO, Nov 2- Egypt will have to see serious inflows of foreign direct investment, a tighter trade balance, and returning tourists for its pound to gather strength, but a slow and sustainable appreciation is necessary, economists say. The Egyptian pound is still trading at half of its once-pegged value exactly a year after it was floated, despite a surge in foreign...

  • CAIRO, Nov 2- Egypt will have to see serious inflows of foreign direct investment, a tighter trade balance, and returning tourists for its pound to gather strength, but a slow and sustainable appreciation is necessary, economists say. The Egyptian pound is still trading at half of its once-pegged value exactly a year after it was floated, despite a surge in foreign...

  • BEIJING, Nov 2- China will lower tariffs and step up bank financing to support more imports as the country's massive trade surplus has a negative impact on its citizens, commerce ministry officials said on Thursday. China runs a vast trade surplus and has been accused by other countries including the United States of protecting domestic firms through unfair...

  • BEIJING, Nov 2- China will lower tariffs and step up bank financing to support more imports as the country's massive trade surplus has a negative impact on its citizens, commerce ministry officials said on Thursday. China runs a vast trade surplus and has been accused by other countries including the United States of protecting domestic firms through unfair...

  • BEIJING, Nov 2- China said on Thursday that it has not intentionally sought a trade surplus with the United States, after President Donald Trump called the U.S. trade deficit with the country "embarrassing" and "horrible". Foreign Ministry spokeswoman Hua Chunying made the comments at a regular briefing in Beijing. Trump will begin a trip to Asia on Friday, visiting...

  • *China Jan-Sept trade with "Belt& Road" countries +15 pct y/y. BEIJING, Nov 2- China will lower tariffs and step up bank financing to support more imports as the country's massive trade surplus has a negative impact on its citizens, commerce ministry officials told reporters on Thursday. Only by reducing the trade surplus can Chinese people feel a greater sense of...

  • *China to cut tariffs on consumer product imports. BEIJING, Nov 2- China will lower tariffs and step up bank financing to support more imports as the country's massive trade surplus has a negative impact on its citizens, commerce ministry officials told reporters on Thursday. China runs a vast trade surplus and has been accused by other countries including the...

  • BEIJING, Oct 31- China's trade deficit in services narrowed to $22.2 billion in September from $24.6 billion in August, the foreign exchange regulator said on Tuesday. The deficit was largely due to a $17.4 billion gulf in spending between foreign tourists and the Chinese, who splurge more abroad than do visitors to China, data from the State Administration of...

  • WASHINGTON, Oct 27- The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction. Gross domestic product increased at a 3.0 percent annual rate in the July-September period, also...

  • WASHINGTON, Oct 27- The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction. Harvey and Irma struck parts of Texas and Florida in late August and early September.