Tag: trade deficit

U.S. President Donald Trump and First Lady Melania Trump arrive on Air Force One at Melsbroek Military airport in Melsbroek, Belgium, Tuesday, July 10, 2018. U.S. President Donald Trump is in Brussels to attend a two-day NATO summit.

Trump Fires Back at EU Tusk’s Mockery of America

President Donald Trump refuted European Council President Donald Tusk’s Tuesday slam about the number of America’s allies as Trump took off for this week’s NATO summit.

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.

TOPSHOT - US President Donald Trump (L) gestures next to China's President Xi Jinping during a business leaders event at the Great Hall of the People in Beijing on November 9, 2017. Donald Trump urged Chinese leader Xi Jinping to work "hard" and act fast to help resolve the North …

China Slashes Tariffs on Car Imports

In a move that could benefit the global auto industry, China announced on Tuesday it will slash tariffs on imported cars.

Donald Trump, Xi Jinping

Presidents Trump and Xi Announce ‘Miracle’ of $250 Billion in U.S.-China Deals

President Donald Trump and Chinese President Xi Jinping announced over $250 billion in deals between American and Chinese companies on Thursday, an accomplishment hailed by Chinese Commerce Minister Zhong Shan as “truly a miracle.” Critics immediately began picking the deals apart as less than meets the eye.

EAST LIVERPOOL, OH - OCTOBER 24: A closed factory is shown in downtown on October 24, 2016 in East Liverpool, Ohio. Ohio has become one of the key battleground states in the 2016 presidential election with both candidates or their surrogates making weekly visits to the Buckeye State. (Photo by …

No. The U.S. Trade Deficit Is Not a Good Thing

The United States sells fewer goods and services than it buys from the likes of China and Mexico, and this is somehow evidence that Americans are just very wealthy.

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.

China Trade Musadeq SadeqAP

30 Years of ‘Free Trade’ Brings 400% Trade Deficit with China

There is much debate over the negative effects of massive trade deficits, and what the best strategy for correcting them might be, but it’s hard to deny the U.S. trade deficit with China is staggering in scale … and it got that

Cruz on Phone Reuters Chris Keane

Trump Camp: Ted Cruz Is ‘The Reason Why Obamatrade’ Passed

“The reason why Obamatrade became law is because of Ted Cruz,” said Donald Trump’s senior policy advisor Stephen Miller on Monday’s program of Breitbart News Daily. Miller — who had been working for Sen. Jeff Sessions at the time that