Trade Deficit

SINGAPORE  | Chinese premier says reforms, not stimulus, vital for growth

SINGAPORE  — Chinese Premier Li Ke qiangsays the country needs reforms to support business to help drive growth as it weathers a trade war with the U.S., rather than more economic stimulus. Li said Tuesday in Singapore that China can energize its slowing economy by adjusting policies, such as streamlining bureaucratic procedures like business registrations, … Continue reading SINGAPORE  | Chinese premier says reforms, not stimulus, vital for growth

WASHINGTON | Record imports push US trade gap to $53.2 billion in August

WASHINGTON — Record imports drove the U.S. trade deficit up for the third straight month in August. The deficit in the trade of goods with China and Mexico hit records. The Commerce Department said Friday that the trade gap — the difference between what America sells and what it buys abroad — rose to $53.2 … Continue reading WASHINGTON | Record imports push US trade gap to $53.2 billion in August

BEIJING | Trump wants China to reduce trade deficit by $200B by 2020

BEIJING — Striking an assertive position, the Trump administration has asked China to reduce its trade deficit with the U.S. by $200 billion by the end of 2020. A U.S. official confirmed the authenticity of a document making that and other requests that were presented to China ahead of two days of trade talks that … Continue reading BEIJING | Trump wants China to reduce trade deficit by $200B by 2020

US trade deficit rises to $48.7 billion on record imports

WASHINGTON /December 4, 2017 (AP) (STL.News) — Record imports lifted the U.S. trade deficit to $48.7 billion in October, highest since January. The Commerce Department said Tuesday that the trade gap rose 8.6 percent in October from $44.9 billion in September. Imports hit a record $244.6 billion in October, and exports were unchanged at $195.9 … Continue reading US trade deficit rises to $48.7 billion on record imports

US trade deficit widened slightly in July as exports slipped

WASHINGTON/September 6, 2017 (AP)(STL.News) — The U.S. trade deficit increased slightly in July as exports slipped a bit more than imports. The Commerce Department said Wednesday that the trade gap reached $43.7 billion in July, up from $43.5 billion in June. Exports declined $600 million to $194.4 billion, while imports slid $400 million to $238.1 … Continue reading US trade deficit widened slightly in July as exports slipped