Stories related to: US-China trade deficit

For years, American investors have hungrily flocked to China’s massive market, but now the money’s flowing the other way, too, the Los Angeles Time s reports. China invested $9.8 billion in the US in 2007, and not all in big government buys either. With real-estate and other costs fairly low and many states keen to create new jobs, small businesses are finding a good fit. More »

The trade deficit widened 9.3% to $63.1 billion in November, despite a healthy growth in exports. With the dollar down, and demand for US goods rising in Asia and Latin America, exports moved at a healthy clip. But spending on imported oil overshadowed everything else, Bloomberg reports. “It comes down to three things: oil, oil, and oil,” said one economist. More »

China will allow US health inspectors to monitor the country’s food and drug exports, the Washington Post reports, a big concession in heated high-level trade talks. China accuses the US media of tarnishing its reputation by overblowing safety concerns, and has in turn questioned US exports. China is the first of many countries the US hopes to station inspectors in. More »

China agreed today to end trade measures the US had called “market-distorting”, the Associated Press reports, ending a months-long dispute before the world's top trade board. One set of tax breaks encourages Chinese firms to boost exports to the US and other countries; another set of tariffs made it tougher for US firms to export to China. More »

China's trade surplus rose to a record $27.05 billion last month, up 13.5% over last year despite a 25.5% balloon in imports, Bloomberg reports. The number lagged forecasts, raising the possibility that new trade policies are gaining traction, Reuters reports. US and EU officials will travel to China within weeks to push for faster appreciation of what they call an undervalued yuan. More »

China's trade surplus surged to a record $26.9B in June, an 87% increase since last year. Economists attribute the trade gap to China's significantly—as much as 40%—underpriced currency, the yuan, reports Bloomberg. Half of China's surplus is with the US, which recently began preparing legislation to sanction countries that deliberately use a weakened currency to gain an unfair advantage. More »