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Bookmark or Share- Top global trade stories this month | World Economic ForumData from the US Census Bureau shows goods worth $427 billion were imported from China to the US, while $148 billion of goods were exported from the US to the world's second-largest economy. This trade deficit, which has endured for several decades, has become an increasingly contentious issue in Washington, according to Reuters.
- What is a trade deficit and how does it affect the economy?The Congressional Research Service (CRS), a US government policy research organization, notes that “most economists conclude the trade deficit stems largely from U.S. macroeconomic policies and an imbalance between saving and investment in the economy”. It adds that “trade creates both economic benefits and costs, but that the long-run ...
- New report details global trade challenges - and other international ...Imports in the same month rose 7.7% year on year to $61.91 billion - pushing the trade deficit to $23.78 billion. Economists had expected a deficit of $19.5 billion, according to a Reuters poll. While unveiling the figures, trade secretary Sunil Barthwal underlined that inflation has eased in developed economies, potentially resulting in ...
- Chinese consumer prices fall and other economy stories to read this ...The country's trade deficit declined 18.7% last year, the largest narrowing since 2009, reaching $773.4 billion. Trade added more than half a percentage point to the economic growth last year, according to data from the Commerce Department.
- What is a country's current account balance? Is account deficit bad ...It is largely made up of trade, but also depends on flows of foreign direct investment and the amount of money sent home by people living overseas. In US dollar terms, the country with the biggest current account surplus in 2021 was China, and the country with the biggest current account deficit was the United States.
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