Data released Thursday by the Census Bureau showed the overall trade deficit with the world narrowed, the result of an expanding trade surplus in services. The trade deficit in goods was the highest on record.
Category: International Trade and World Market
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Trump Mulls a North American Trade Pact Without Canada
U.S. officials are threatening major changes to a trade agreement with Mexico and Canada that could upend the way business is done and leave Canada on the outs.
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Trump Hails Japan’s First Batch of U.S. Investments
The deals, totaling $36 billion, were the first step in a $550 billion investment pledge aimed at securing tariff relief and sustaining U.S. relations.
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The Quiet Architect of Trump’s Global Trade War
Jamieson Greer, a low-key lawyer from a working-class background, is rewriting the rules of the global economy at the president’s behest.
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Diplomatic Feud With China Weighs on Japan’s Economy
A standoff over the security of Taiwan has led to a steep decline in the number of Chinese visitors to Japan, which is heavily dependent on the tourists.
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Crises Everywhere, but the Markets Don’t Seem to Mind
Stocks have prospered while the world has plunged into disorder, an economist says. “Keep calm and carry on” may be the best investors can do.
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Americans Are Paying the Bill for Tariffs, Despite Trump’s Claims
Research from the New York Fed confirms that U.S. companies and consumers are bearing tariff costs, despite the president’s assertions otherwise.
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India’s Prime Minister Faces Blowback Over Trade Deal With Trump to Lower Tariffs
Prime Minister Narendra Modi won a big reduction of sky-high tariffs, but critics say he undermined Indian sovereignty and undercut the nation’s farmers.
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In a Bid to Kick-Start Growth, Britain Turns to China
Buffeted by tariffs and trade tensions, Prime Minister Keir Starmer took British business leaders to China and emerged with deals on visas and Scotch whisky, as well as pledges to deepen ties.
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U.S. Trade Deficit Bounces Back as Tariffs Cause Volatility
The monthly trade deficit and imports rebounded in November after shrinking significantly in prior months, new data show.
