trade deficit

US President Donald Trump welcomed China's President Xi Jinping conciliatory comments on trade, easing fears the two economies will careen towards a trade war

Trump Hints at China Trade Deal with ‘Different Structure’

President Donald Trump hinted at the need for a “different structure” for a bilateral trade deal with China just one day after the Commerce Department’s Tuesday determination that China has been using Vietnam to circumvent anti-steel dumping measures.

Mexican Pesos (Yuri Cortez / AFP / Getty)

Mexico Pledges 12% Foreign Exchange to Stabilize Peso

Mexico’s central bank was forced to pledge up to 12 percent of the nation’s total foreign exchange reserves to prevent a disastrous run on the peso currency, which has already fallen by 20 percent since the U.S. elections on November 8.

The CMA CGM Benjamin Franklin container ship stands at its berth before its inauguartion ceremony at Long Beach, California on February 19, 2016. The CMA CGM Benjamin Franklin is the largest vessel ever to call at a port in the United States and is 1,300-foot long with a capacity of …

U.S. Trade Deficit Jumps 8.7 Percent to 10-Month High

The trade deficit increased because imports rose by $227.7 billion, while exports were up only $183.2 billion, with particularly sluggish oil and new-car exports. The trade gap with China hit its highest mark since last November, thanks to heavy imports of “Chinese-made computers, cell phones, and clothing,” per ABC News.

AP Photo

Donald Trump Supporters Have Good Reason to Be Mad

Men supporting Donald Trump have reason to be mad as hell. The economy has turned against them, and policies advocated by Democrats and tolerated by mainstream Republicans make their circumstances worse.