Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 22, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: trade deficit

trade deficit stories: 16 news summaries
analysis

 Obama's China Visit 
 Achieves Little 

In fact, it just illustrates the 'yawning' economic differences

Nov 17, 09 4:48 PM CST
(Newser) - President Obama and Chinese leader Hu Jintao paid lip service today to the idea of stronger US-China relations, but Obama's visit has done nothing but highlight the "yawning differences" between the two nations on economic issues, writes Dexter Roberts. "Lofty statements of common interests aside, the all-important Sino-US... More »

MORE ABOUT:
China • US-China trade deficit • trade deficit • yuan • Hu Jintao • President Obama

Bernanke: US Must Save More, Asia Spend More

Fed chief warns global imbalances could trigger new meltdown

Oct 20, 09 8:46 AM CDT
(Newser) - The world economy is headed back down the drain if Asians don't start spending more and Americans don't start saving more, Ben Bernanke said at a conference yesterday. The Fed chief warned that unequal trade patterns were partly to blame for the financial crisis and that they are re-emerging as... More »

MORE ABOUT:
China • Ben Bernanke • Federal Reserve • US-China trade deficit • trade deficit • US economy • Chinese economy • trade gap • financial crisis

OPINION

 This Rally May Be the Real Deal 

Positive indicators, better policy, historical benchmarks; the time is right for a bottom

Mar 26, 09 9:07 AM CDT
(Newser) - The tentative rally on Wall Street is reason enough for one economist to feel hopeful: "I’m ready to take another shot at calling the bottom," writes Michael Mandel in BusinessWeek. Since (apparently) bottoming out March 9, stocks have risen 20%, and the reasons behind the climb... More »

MORE ABOUT:
stock market • Federal Reserve • durable goods • economic indicators • US-China trade deficit • financial markets • trade deficit • unemployment • Treasury Department • financial crisis

OPINION

Krugman: Obama Can't Take Crutches Away Too Soon

Government must remain involved for economy to gain new footing

Dec 22, 08 12:54 PM CST
(Newser) - The Obama administration must resist the temptation to leave the economy to its own devices too soon, Paul Krugman writes in the New York Times. “Getting to the point where our economy can thrive without fiscal support may be a difficult, drawn-out process,” he writes, with no bubble... More »

MORE ABOUT:
Barack Obama • recession • trade deficit • Paul Krugman • economic stimulus package • housing bubble • economy • financial crisis • President Obama

MARKETS

 Stocks Fight Back; Dow Up 553 

Index off more than 300 early on ugly jobs news

Nov 13, 08 3:35 PM CST
(Newser) - Stocks rallied late today, overcoming the report of a big jump in weekly jobless claims that pushed the Dow briefly below 8,000 earlier in the session, MarketWatch reports. Amid mixed earnings reports and generally downbeat forecasts, the Dow gained 552.59 to close at 8,835.25. The Nasdaq... More »

MORE ABOUT:
Intel • Dow Jones • trade deficit • Nasdaq • trade gap • Siemens • S&P 500 • financial crisis

 'Kimchi Deficit' Puts 
 Korea in a Pickle 

Spicy side dish's sales fall from cheaper competition

Oct 20, 08 7:08 PM CDT
(Newser) - Seoul is facing a ferment in its effort to promote South Korean cuisine around the world: declining exports of its national dish, kimchi. The country recorded a $77.3 million trade deficit of the spicy pickled cabbage and other veggies over the past 3 years, BBC reports. A government report... More »

MORE ABOUT:
South Korea • food safety • trade deficit • kimchi • Korean food

 Farms Fuel Boom in US Exports

Strengthening dollar could trim growth of sales abroad

Aug 18, 08 9:21 AM CDT
(Newser) - Worldwide demand for grain and a weak US dollar helped drive exports up 7.1% in the first half of the year, providing a respite from the barrage of negative economic news. But experts warn the commodity-driven rise could be brief, reports the New York Times. Export surges of... More »

MORE ABOUT:
international trade • corn • trade deficit • manufacturing • commodities • US exports • job • soybeans • industry

US in Recession Now: Buffett

Billionaire says crisis is already here

Mar 4, 08 3:28 AM CST
(Newser) - The US is already in a recession for all practical purposes, even if economic conditions haven't yet met the technical definition of at least two consecutive quarters of negative growth. That's the verdict of billionaire investor Warren Buffett, who tells CNBC that a serious economic slowdown is obvious in reports... More »

MORE ABOUT:
Warren Buffett • recession • trade deficit • GDP • credit crisis • Berkshire Hathaway • Department of Commerce • annual letter • National Association for Business Economics • GEICO • General Re • insurance industry • profit margins

Poll: Most Expect Recession but Aren't Hurting—Yet

Poll shows majority fear for future

Jan 25, 08 3:34 AM CST
(Newser) - The vast majority of Americans are convinced the nation is sinking into a recession—but most are not feeling the pinch themselves and have no plans to tighten their belts just yet, according to a Los Angeles Times/Bloomberg poll. A year ago a similar poll showed widespread confidence that the... More »

MORE ABOUT:
Wall Street • recession • trade deficit • US economy • mortgage rates • weak dollar • subprime crisis • Iraq war • George W. Bush

Oil Sends
Trade Deficit to 14-Month High

Soaring crude prices overshadow strong
growth in US exports

Jan 11, 08 11:15 AM CST
(Newser) - 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. “... More »

MORE ABOUT:
US-China trade deficit • imports • trade deficit • US dollar • US exports • weak dollar

Trade Deficit Nosedives Unexpectedly

Import-export gap shrinks to lowest
level in 2 years

Nov 9, 07 2:23 PM CST
(Newser) - The weakening dollar has an economic silver lining, Bloomberg reports. The government today said the slumping currency helped boost US exports and unexpectedly narrow the trade deficit in September to its smallest level since May 2005. "Instead of being the drag that it has been for the last 15... More »

MORE ABOUT:
trade deficit • US dollar

Trade Gap Dips to Lowest Level in 3 Years

Weak dollar, stronger world economies fuel rise in US exports

Sep 11, 07 9:25 AM CDT
(Newser) - The US trade gap—the difference in total value between imports and exports—dropped to a 3-year low in July as exports jumped on a weak dollar and growing overseas demand. The figure fell 0.3% to $59.2 billion, roughly on par with the estimate economists surveyed by Bloomberg... More »

MORE ABOUT:
China • international trade • housing market • United States • imports • trade • exports • trade deficit • credit market • trade gap • US dollar

Stocks Take Another Tumble

Mortgage woes
persist, retail down

Aug 14, 07 3:50 PM CDT
(Newser) - The markets lost again today, as a small cash manager’s move to halt investor pullouts agitated fears about liquidity, as well as deeper jitters over mortgage woes seeping into credit markets. The Dow fell 207.61 points to 13028.92, dragged down heavily by two major retail components, Wal-Mart... More »

MORE ABOUT:
stock market • subprime mortgages • trade deficit • Nasdaq • Home Depot • markets • S&P 500 • Wal-Mart

Inflation Eases, Trade Deficit Narrows

New data is mostly positive, and unlikely to influence interest rates

Aug 14, 07 10:55 AM CDT
(Newser) - With the exception of energy and food, inflation at the wholesale level rose less than expected last month, while the US trade deficit got slimmer, thanks to an increase in exports. Still, a rise in energy costs in July led to an unexpected .06% uptick in the producer price index... More »

MORE ABOUT:
inflation • Federal Reserve • exports • trade deficit • deficit • US economy • producer prices • interest rate • short term interest rate • Department of Labor • Producer Price Index

Bush Cozies Up to China

Patient president avoids hot-button policy issues, treads lightly on trade deficit

May 25, 07 5:38 AM CDT
(Newser) - President Bush struck a conciliatory tone in yesterday's congress with Chinese Vice Premier Wu Yi, despite thickening indignation over Chinese policies. The Journal reports that the White House meeting tiptoed around China's tolerance of copyright piracy, the export of tainted food products, and Beijing's increasingly worrisome nuclear program. More »

MORE ABOUT:
China • food contamination • Wu Yi • piracy • copyright • nuclear program • trade deficit • yuan

Economy Slumps to 4-Year Low

Weak home sales,
high oil prices
drive slowdown

Apr 27, 07 11:11 AM CDT
(Newser) - The country's economic growth has dwindled to its lowest rate in four years, with the housing slowdown, high energy prices, and a looming trade deficit driving lower-than-expected numbers released today. The economy grew 1.3% in the first quarter of 2007, down from 2.5% in the last three months... More »

MORE ABOUT:
inflation • economic growth • Federal Reserve • United States • money • trade deficit • US economy • Department of Commerce

16 Stories


from our news partners