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us trade deficit narrows to $46.5 billion in may; exports rise to highest level


share storyby the associated presswashington (ap) — us trade deficit narrows to $46.5 billion in may; exports rise to highest level since april 2015.the associated press






us current account deficit narrows in fourth quarter


washington (ap) — the deficit in the broadest measure of u.s. trade shrank in the final three months of 2016 but the gap for the full year rose to the highest level in eight years.the commerce department said tuesday that the deficit in the current account shrank to $112.4 billion in the fourth quarter, a drop of 3.1 percent from the $116 billion deficit in the third quarter. the improvement reflected stronger earnings by u.s. investors on foreign holdings, which offset a rise in the deficit on goods.the current account deficit for all of 2016 rose 3.9 percent to $481.2 billion, the highest annual figure since 2008. the current account is the most complete measure of trade because it covers not only trade in merchandise and services but also investment flows.






us current account deficit narrows in fourth quarter


washington — the deficit in the broadest measure of u.s. trade shrank in the final three months of 2016 but the gap for the full year rose to the highest level in eight years.the commerce department said tuesday that the deficit in the current account shrank to $112.4 billion in the fourth quarter, a drop of 3.1 percent from the $116 billion deficit in the third quarter. the improvement reflected stronger earnings by u.s. investors on foreign holdings, which offset a rise in the deficit on goods.the current account deficit for all of 2016 rose 3.9 percent to $481.2 billion, the highest annual figure since 2008. the current account is the most complete measure of trade because it covers not only trade in merchandise and services but also investment flows.






us trade deficit narrows in march


washington — the u.s. trade deficit narrowed in march to the lowest level since october as both exports and imports fell. but the politically sensitive trade gap with china rose.the commerce department says the gap in goods and services slipped to $43.7 billion, down from $43.8 billion in february. exports dropped 0.9 percent to $191 billion, pulled down by falling auto exports. imports fell 0.7 percent $234.7 billion as imports of crude oil and other petroleum products slid.the trade deficit in goods with china rose 7 percent to $24.6 billion from $23 billion in february on rising imports of chinese cellphones and telecommunications equipment.president donald trump was elected on a pledge to reduce america's trade deficits, which he blames on unfair trade practices by china and other coun






u.s. trade deficit rises to highest level since january – the denver post


washington — the u.s. trade deficit rose in april to the highest level since january. the politically sensitive trade gap with china registered a sharp increase.the commerce department says the u.s. trade gap in goods and services climbed 5.2 percent to $47.6 billion in april from march. exports dropped 0.3 percent to $191 billion, pulled down by a drop in automotive exports. imports rose 0.8 percent to $238.6 billion. the deficit in goods with china rose by 12.4 percent to $27.6 billion in april.so far this year, the trade deficit is up 13.4 percent from a year earlier to $186.6 billion.the trump administration has vowed to reduce the trade deficit, blaming the gap between exports and imports on unfair practices by america’s trade partners.






us trade deficit jumps to 5-year high of $48.5 billion


washington (ap) — the u.s. trade deficit jumped in january to the highest level in nearly five years as a flood of mobile phones and other consumer products widened america’s trade gap with china. the figure underscores the challenges facing president donald trump in fulfilling a campaign pledge to reduce america’s trade deficits.the commerce department says the deficit in january rose 9.6 percent to $48.5 billion, up from a december deficit of $44.3 billion. it was the largest monthly gap since a deficit of $50.2 billion in march 2012.u.s. exports edged up a slight 0.6 percent to $192.1 billion, helped by stronger auto sales. but the export gain was swamped by a 2.3 percent surge in imports, led by mobile phones, oil and foreign-made cars.






us current account deficit expands to $116.8 billion


washington — the u.s. deficit in the broadest measure of trade rose to the highest level in a year during the first quarter.the commerce department said tuesday the deficit in the u.s. current account rose to $116.8 billion in the january-march period, up 2.4 percent from $114 billion in the last three months of 2016. the deficit was the largest since a $119.2 billion gap a year earlier.the deficit in goods rose to $200.3 billion from $195.1 billion in october-december 2016 as imports grew faster than exports in the first quarter. leading the increase in imports were industrial supplies, mostly crude oil. the goods gap was partly offset by a slightly higher surplus in trade in services.the current account is the most complete measure of trade because it includes investment flows in additio






lee schafer: even 'experts' don't get gdp


a trade deficit sure sounds like a bad thing. isn’t it always better to sell more than you buy? who wants a deficit of anything?but if trade surpluses are great for the american economy we would remember the 1930s as the roaring ’30s, a decade of broadly shared prosperity.the value of what americans sold abroad exceeded imports almost every year of that decade, and the gap wasn’t even close. but, of course, an economic boom isn’t what anyone remembers. the 1930s economic bust was so devastating that at one point a quarter of american workers were out of a job.admittedly the great depression was an unusual period in our history, but the same kind of thing has happened far more recently. the last time the u.s. trade deficit sharply declined was from the summer of 2008 to spring 2009, during






us trade deficit rises to highest level since january


washington — the u.s. trade deficit rose in april to the highest level since january. the politically sensitive trade gap with china registered a sharp increase.the commerce department said friday that the u.s. trade gap in goods and services climbed 5.2 percent to $47.6 billion in april from march. exports dropped 0.3 percent to $191 billion, pulled down by a drop in automotive exports. imports rose 0.8 percent to $238.6 billion as americans bought more foreign-made cellphones and other consumer goods.a widening trade deficit is a drag on economic growth. donald trump made the trade gap — the difference between exports and imports — a centerpiece of his presidential campaign. his administration has vowed to reduce the deficit, blaming it on abusive practices by america's trading partners.






us trade deficit rises to highest level since january


washington — the u.s. trade deficit rose in april to the highest level since january. the politically sensitive trade gap with china registered a sharp increase.the commerce department said friday that the u.s. trade gap in goods and services climbed 5.2 percent to $47.6 billion in april from march. exports dropped 0.3 percent to $191 billion, pulled down by a drop in automotive exports. imports rose 0.8 percent to $238.6 billion as americans bought more foreign-made cellphones and other consumer goods.so far this year, the trade deficit is up 13.4 percent from a year earlier to $186.6 billion. exports are up 6.1 percent to $765.6 billion this year, but imports are up more — 7.5 percent to $952.2 billion. so far in 2017, the united states is running a $268.7 billion deficit in goods and an






u.s. trade gap with mexico widens amid weak peso


washington—u. s. president donald trump’s tough talk on trade with mexico may have had an unintended effect: fear of a trade war pushed down the value of the mexican peso, increased the u.s.’s appetite for now-cheaper mexican goods, and widened the u.s. trade deficit with its southern neighbor, the opposite of mr. trump’s objectives.the u.s. posted a $7 billion trade deficit in goods with mexico in march, the highest since november 2007, the commerce department said thursday. the $28.1 billion in mexican products...






u.s. trade gap with mexico widens amid weak peso


washington—u.s. president donald trump’s tough talk on trade with mexico may have had an unintended effect: fear of a trade war pushed down the value of the mexican peso, increased the u.s.’s appetite for now-cheaper mexican goods, and widened the u.s. trade deficit with its southern neighbor, the opposite of mr. trump’s objectives.the u.s. posted a $7 billion trade deficit in goods with mexico in march, the highest since november 2007, the commerce department said thursday. the $28.1 billion in mexican products shipped...






new trump orders will target trade deficit


closeskip in skipxembedxshare commerce department sec. wilbur ross explains president trump's goals for global trade. usa todaypresident trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 14207 connect 1 linkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told r






new trump orders will target trade deficit


closeskip in skipxembedxshare commerce department sec. wilbur ross explains president trump's goals for global trade. usa todaypresident trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 14538 connect 1 linkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told r






new trump orders will target trade deficit


president trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 12499 connect 1 linkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told reporters at the white house thursday night. he'll be charged with leading a three-month effort to identify the underlying cause






new trump orders will target trade deficit


president trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 11417 connect 1 linkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told reporters at the white house thursday night. he'll be charged with leading a three-month effort to identify the underlying cause






new trump orders will target trade deficit


president trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 8891 connectlinkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told reporters at the white house thursday night. he'll be charged with leading a three-month effort to identify the underlying causes of






new trump orders will target trade deficit


president trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 9931 connectlinkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told reporters at the white house thursday night. he'll be charged with leading a three-month effort to identify the underlying causes of






new trump orders will target trade deficit


president trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 3355 connectlinkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told reporters at the white house thursday night. he'll be charged with leading a three-month effort to identify the underlying causes of






new trump orders will target trade deficit


president trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 5921 connectlinkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told reporters at the white house thursday night. he'll be charged with leading a three-month effort to identify the underlying causes of






new trump orders will target trade deficit


president trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 1263 connectlinkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told reporters at the white house thursday night. he'll be charged with leading a three-month effort to identify the underlying causes of






new trump orders will target trade deficit


president trump announces the final approval of the xl pipline in the oval office of the white house on march 24.(photo: mandel ngan, afp/getty images) 7886 connectlinkedinemailmorewashington — president trump will sign two executive orders attacking the nation's trade deficit on friday, targeting trade agreements, intellectual property theft and $2.8 billion in unpaid duties.administration officials touted the action as the most comprehensive attempt to address the trade deficit in modern history."these actions are designed to let the world know that this is a president taking another step to fulfill his campaign promise," commerce secretary wilbur ross told reporters at the white house thursday night. he'll be charged with leading a three-month effort to identify the underlying causes of






trump says he offered china better trade terms in exchange for help on north kor


washington—president donald trump said wednesday he has offered president xi jinping more favorable trade terms for beijing in exchange for help on confronting the threat of north korea, raising the prospect of a new pact that does less than mr. trump would otherwise like to address the u.s. trade deficit with china.mr. trump, in a wide-ranging interview with the wall street journal, said he told mr. xi when they met for the first time last week that his administration wouldn’t accept a continued large trade deficit with...






u.s. trade deficit jumps to 5-year high of $48.5 billion


the u.s. trade deficit jumped in january to the highest level in nearly five years as a flood of mobile phones and other consumer products widened america's trade gap with china. the result underscores the challenges facing president donald trump in fulfilling a campaign pledge to reduce america's trade deficits.the deficit in january rose 9.6 percent to $48.5 billion, up from a december deficit of $44.3 billion, the commerce department reported tuesday. it was the largest monthly gap since a deficit of $50.2 billion in march 2012.u.s. exports edged up a slight 0.6 percent to $192.1 billion, helped by stronger auto sales. but that was swamped by a 2.3 percent surge in imports to $240.6 billion, led by mobile phones, oil and foreign-made cars.during the campaign, trump pledged to attack ame






us trade deficit jumps to 5-year high of $48.5 billion


the u.s. trade deficit jumped in january to the highest level in nearly five years as a flood of mobile phones and other consumer products widened america's trade gap with china. the result underscores the challenges facing president donald trump in fulfilling a campaign pledge to reduce america's trade deficits.the deficit in january rose 9.6 percent to $48.5 billion, up from a december deficit of $44.3 billion, the commerce department reported tuesday. it was the largest monthly gap since a deficit of $50.2 billion in march 2012.u.s. exports edged up a slight 0.6 percent to $192.1 billion, helped by stronger auto sales. but that was swamped by a 2.3 percent surge in imports to $240.6 billion, led by mobile phones, oil and foreign-made cars.during the campaign, trump pledged to attack ame






us trade deficit jumps to 5-year high of $48.5 billion


washington — the u.s. trade deficit jumped in january to the highest level in nearly five years as a flood of mobile phones and other consumer products widened america's trade gap with china. the result underscores the challenges facing president donald trump in fulfilling a campaign pledge to reduce america's trade deficits.the deficit in january rose 9.6 percent to $48.5 billion, up from a december deficit of $44.3 billion, the commerce department reported tuesday. it was the largest monthly gap since a deficit of $50.2 billion in march 2012.u.s. exports edged up a slight 0.6 percent to $192.1 billion, helped by stronger auto sales. but that was swamped by a 2.3 percent surge in imports to $240.6 billion, led by mobile phones, oil and foreign-made cars.during the campaign, trump pledged






german trade surplus narrows as imports outpace exports


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us trade deficit drops sharply to $43.6 billion in february


washington (ap) — the u.s. trade deficit declined sharply in february as imports from china fell by a record amount and american exports rose for a third straight month.the deficit fell to $43.6 billion in february, 9.6 percent below january’s deficit of $48.2 billion, the commerce department reported tuesday. exports rose a tiny 0.2 percent to $192.9 billion. imports dropped 1.8 percent to $236.4 billion as the flow of chinese goods tumbled by $8.6 billion, led by a big drop in cell phone imports.the politically sensitive trade deficit with china narrowed in february to $23 billion, 26.6 percent below the january total. president donald trump, who was sharply critical of chinese trade practices during last year’s presidential campaign, will hold his first meeting with chinese president xi






us trade deficit drops sharply to $43.6 billion in february


washington — the u.s. trade deficit declined sharply in february as imports from china fell by a record amount and american exports rose for a third straight month.the deficit fell to $43.6 billion in february, 9.6 percent below january's deficit of $48.2 billion, the commerce department reported tuesday. exports rose a tiny 0.2 percent to $192.9 billion. imports dropped 1.8 percent to $236.4 billion as the flow of chinese goods tumbled by $8.6 billion, led by a big drop in cell phone imports.the politically sensitive trade deficit with china narrowed to $23 billion, 26.6 percent below the january total. president donald trump, who was sharply critical of chinese trade practices during last year's presidential campaign, will hold his first meeting with chinese president xi jinping later th






trump to name and shame trade ‘cheats’


president donald trump will order staff friday to pinpoint countries and goods responsible for america’s nearly $50 billion trade deficit, in a protectionist warning shot to trade partners like china.top administration officials said trump will issue a pair of executive orders aimed at rooting out the causes and culprits behind america’s trade deficit, in a first step toward converting tough trade rhetoric into action.commerce secretary wilbur ross said one order would result in analysts going “country by country, and product by product,” reporting back to trump within 90 days.they will look, he said, for evidence of “cheating,” inappropriate behavior, trade deals that have not lived up to their promise, lax enforcement, currency misalignment and troublesome world trade organization constr






trade deal feeds china taste for beef, won't close deficit


beijing — a new trade deal with the u.s. could help feed china's growing appetite for beef and increase natural gas imports but will likely make only a negligible dent in the u.s. trade deficit.the agreement announced on friday beijing time is a step toward easing trade friction between the world's two largest economies. tensions have been stoked by president donald trump's complaints over the trade imbalance and chinese market barriers.the deal lifts a 2003 ban on imported american beef and in turn allows china to send cooked poultry to the u.s.peking university professor yu miaojie in beijing says that's good news for chinese consumers who have a growing taste for beef as the country becomes more affluent. homegrown cattle herds have not kept pace with surging demand.






surging imports push us trade deficit to $48.5 billion in january, biggest since


share storyby the associated presswashington (ap) — surging imports push us trade deficit to $48.5 billion in january, biggest since 2012.the associated presscustom-curated news highlights, delivered weekday mornings.thanks for signing up!






us trade deficit fell sharply to $43.6 billion in february, reflecting record dr


share storyby the associated pressthe associated presswashington (ap) — us trade deficit fell sharply to $43.6 billion in february, reflecting record drop in chinese imports.the associated presscustom-curated news highlights, delivered weekday mornings.thanks for signing up!






chinese premier warns australia against protectionism


canberra, australia — china's premier has warned against protectionism, saying his country planned to close its $50 billion a year deficit with australia by expanding the trading the relationship rather than retreating from it.premier li keqiang said in a speech in australia's parliament house on thursday that globalization created "some problems," but that free trade is not to blame.he says china "cannot close our doors" to solve its trade imbalance with australia, which last year left the chinese with a $50 billion deficit largely through industrial demand for iron ore and coal.li and prime minister malcolm turnbull will on friday detail an expansion of their two-year-old bilateral free trade pact in the areas of investment and services.






trump to target trade abuses with executive orders


washington — president donald trump will sign a pair of executive orders friday focused on reducing the trade deficit just days before he holds his first meeting with his chinese counterpart.trump's aides insist the timing is coincidental, but the administration is touting the moves as evidence of it taking an aggressive but analytical approach to closing a trade gap that is largely due to the influx of goods from china. some experts say the orders suggest the president may be taking a softer tack on trade.the first order gives the commerce department 90 days to assemble a report on the factors behind the trade deficit, while the second seeks to increase collection of duties on imports.in remarks in the oval office, trump said he'd seen first-hand as he travelled the country how bad trade






trump to sign executive orders targeting trade abuses


president donald trump talked tough on trade on the campaign trail, vowing to renegotiate a slew of major deals and to label china a currency manipulator on "day one." now his administration appears to be taking a more cautious approach.on friday, the president will sign a pair of executive orders aimed at cracking down on trade abuses. the orders come a week before the president is scheduled to host president xi jinping of china at his estate in florida. the u.s. has its highest trade deficit with china at $347 billion last year.but peter navarro, director of the white house national trade council, insisted the orders had nothing to do with the visit and were not an attempt to send a message to china."nothing we're saying tonight is about china. let's not make this a china story. this is






republicans have failed to defend the unborn. we need a new pro-life party


thousands of protestors gather on the national mall in the annual march for life on january 27 to call for defense of the unborn. the march briefly sweeps abortion into the news cycle and inflames p ions on all sides of the issue. funds will be raised. counter-protests will rage. pundits will yell over each other. but one can only hope such marches bring enough pressure on lawmakers to actually legislate protection for unborn children.if recent history is any indicator, however, that hope is dim. this past september the republican majority in congress caved, and sent additional funding to planned parenthood on its claim to combat zika, despite the organization’s obvious lack of resources, equipment, and expertise to even begin to address the zika outbreak beyond handing out contraception a