Economic Reports
Trade Balance
We need to level the playing field, says Javier Palomarez, Hispanic Chamber of Commerce, sharing his expectations on talks for the renegotiation of the North American Free Trade Agreement between Mexico, Canada and the United States.
WASHINGTON, Aug 14- The Trump administration has set a collision course with the auto industry as it launches renegotiation of the 23- year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. President Donald Trump's anger over the North American Free Trade Agreement, which he...
WASHINGTON, Aug 14- The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23- year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. The United States had a $74 billion trade deficit with Mexico in autos and auto parts...
WASHINGTON, Aug 14- The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23- year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with Mexico and tighten the rules of origin for cars and parts. The United States had a $74 billion trade deficit with Mexico in autos and auto parts...
A trade war between the U.S. and China is brewing and could be the biggest risk for global investors, a prominent asset manager told CNBC.
*Trade surplus in Europe's top economy at 10- mth high. Exports from Europe's biggest economy fell by 2.8 percent, the biggest drop since August 2015 and one that ended five straight months of growth. Exports and imports in China, which along with Europe has been driving an increasing share of global growth this year, grew much less than expected in July, data from...
BEIJING, Aug 8- China had a $25.2 billion trade surplus with the United States in July, down slightly from $25.4 billion in June, which was the highest since October 2015, customs data showed on Tuesday. China also recorded a $142.75 billion trade surplus with the U.S. for the first seven months of the year. President Donald Trump is believed to be close to a decision on...
BEIJING, Aug 8- China's July exports rose 7.2 percent from a year earlier, while imports grew 11.0 percent, both well below analysts' forecasts, official data showed on Tuesday. Analysts were expecting China's trade surplus to have widened to $46.08 billion in July from June's $42.77 billion. After several lean years of declining shipments, China's trade...
BEIJING, Aug 8- China's exports denominated in yuan rose 11.2 percent in July from a year earlier, the General Administration of Customs said on Tuesday. *Yuan-denominated imports rose 14.7 percent y/y in July. *That produced a trade surplus 321.2 billion yuan in July.
Michael Froman, former U.S. trade representative, provides insight to the balancing act the Trump administration must traverse when dealing with China on trade talks and North Korea's increasing aggression.
China's preliminary current account surplus in the first half of this year was $71.2 billion and its capital and financial account deficit was $13.6 billion, according to data released earlier by the State Administration of Foreign Exchange.
BEIJING, Aug 7- China posted a preliminary current account surplus of $52.9 billion in the second quarter of this year and a deficit of $52.9 billion in its capital and financial account, the foreign exchange regulator said on Monday.
Secretary of State Rex Tillerson of escaping U.S. pressure over the size of their trade surplus with the United States as their figures point to a jump in imports, but U.S. data shows little change. A spokeswoman for the State Department's East Asia Bureau said Tillerson, who will be the most senior U.S. official to visit Thailand since a 2014 coup, will discuss a...
*Loonie touches its weakest since July 18 at C $1.2667. TORONTO, Aug 4- The Canadian dollar notched its weakest close in more than two weeks against its U.S. counterpart on Friday as the greenback surged after a strong U.S. jobs report and domestic data showed a jump in Canada's trade deficit. "It's the long-anticipated corrective bounce in dollar- Canada," pushed...
OTTAWA, Aug 4- Canada's trade gap widened in June as a drop in energy shipments pulled exports back from a record high, but sustained employment growth in July kept expectations alive for another interest rate hike in the coming months. The decrease in oil shipments led to a 4.5 percent decline in exports to the United States, Canada's largest trading partner.
OTTAWA, Aug 4- Canada's trade gap widened in June as a drop in energy shipments pulled exports back from a record high but sustained jobs growth in July was enough to keep expectations alive for yet another interest rate increase in the coming months. Canada's trade gap was C $3.6 billion, Statistics Canada said on Friday, exceeding forecasts of a C $1.35 billion...
TORONTO, Aug 4- The Canadian dollar weakened to a two-week low against its U.S. counterpart on Friday after data showed a jump in Canada's trade deficit, while a stronger-than-expected U.S. jobs gain boosted the greenback. Canada's economy added 10,900 jobs in July, mostly in full-time employment, Statistics Canada said, while the jobless rate fell to its lowest...
OTTAWA, Aug 4- Canada's trade deficit widened far more than expected in June as a drop in shipments of metal and energy products pulled exports back from the previous month's record high, data from Statistics Canada showed on Friday. Canada's trade gap with the world was C $3.60 billion, exceeding economists' forecasts of a C $1.35 billion deficit.
WASHINGTON, Aug 4- The U.S. trade deficit fell sharply in June as exports increased to their highest level in 2-1/ 2 years, a positive development for the economy. The Commerce Department said on Friday the trade gap decreased 5.9 percent to $43.6 billion, the lowest level since October 2016. Exports to China fell 4.7 percent.
The "Squawk on the Street" news team chat about the White House's tough talk on trade.
