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Keyword: tradegap

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  • U.S.-China trade gap is world's biggest, $365 BILLION

    03/24/2016 2:25:08 PM PDT · by cba123 · 13 replies
    Washington Examiner ^ | 03/24/16 | By Paul Bedard
    Republican presidential front-runner Donald Trump has been mocked by critics for shouting that China is "killing us" economically, but a new analysis of U.S.-China trade shows that the trade gap isn't just at a historic high, but that the imbalance is the widest for any bilateral trade, ever. According to the website Howmuch.net, the U.S. exported $116 billion to China in 2015, the same year China exported $481 billion to the United States, producing that $365 billion gap. And it found that the gap is growing so fast that it will "almost quintuple" over the next 15 years. (full article...
  • China Trade Improves in April but Imports Subdued (China continues massive trade surplus)

    05/08/2014 6:37:01 AM PDT · by Cringing Negativism Network · 2 replies
    AP / ABC ^ | JOE McDONALD
    China's politically sensitive trade surplus with the United States widened by 19.7 percent from a year earlier to $17.6 billion.
  • U.S. June trade gap widens unexpectedly (trade collapsing)

    08/11/2011 7:54:04 AM PDT · by milwguy · 36 replies
    marketwatch ^ | 08/11/2011 | greg robb
    <p>The U.S. trade deficit widened by 4.4% in June to $53.1 billion, the Commerce Department said Thursday.</p>
  • US trade deficit sets record again in ’06

    02/15/2007 11:06:17 AM PST · by Paul Ross · 16 replies · 402+ views
    The Economic Times ^ | February 15, 2007 | Agency Staff
    US trade deficit sets record again in ’06 AGENCIES[ THURSDAY, FEBRUARY 15, 2007 12:07:31 AM] WASHINGTON: The US trade deficit hit a fifth straight annual record in 2006, driven by a record oil import bill and a flood of goods from China, a government report showed on Tuesday. The Commerce Department said the trade gap expanded by 6.5% last year to an all-time high of $763.6 billion, as a record imports swamped record exports. The House of Representatives Democratic leaders seized on the mammoth trade deficit to demand fundamental changes in the US trade policy, beginning with stronger Bush administration...
  • Trade gap narrows more than expected

    01/12/2006 8:21:50 AM PST · by NormsRevenge · 5 replies · 245+ views
    Reuters on Yahoo ^ | 1/12/06 | Doug Palmer
    WASHINGTON (Reuters) - The U.S. trade deficit narrowed more than expected in November to $64.2 billion as shipments of aircraft, cars and other capital goods propelled exports to a new record and lower oil prices helped trim imports, a government report showed on Thursday. The monthly trade gap fell 5.8 percent from the record set in October and was significantly below Wall Street's median forecast of $66.25 billion. October's record deficit was trimmed slightly to $68.1 billion from an initially reported $68.9 billion gap. Separate reports showed new claims for jobless benefits rose less than expected last week, while import...
  • U.S. trade deficit falls in March

    05/11/2005 5:39:05 AM PDT · by RWR8189 · 58 replies · 1,339+ views
    Reuters ^ | May 11, 2005
    WASHINGTON (Reuters) - The U.S. trade deficit narrowed unexpectedly to $55.0 billion in March in the largest monthly drop in over three years, as exports rose to a new record and clothing and other imports from China declined, a U.S. government report showed on Wednesday. The 9.2 percent plunge in the deficit defied Wall Street forecasts. Analysts had expected high oil prices and a flood of clothing from China to push the monthly trade gap to around $61.5 billion, which would have been a new record. The sharp pullback in imports offered further evidence that the economy hit a soft...
  • US May trade gap widens slightly to $41.84 billion

    07/11/2003 6:05:38 AM PDT · by Starwind · 3 replies · 109+ views
    Biz.Yahoo/Reuters ^ | July 11, 2003
    US May trade gap widens slightly to $41.84 billion Friday July 11, 8:35 am ET WASHINGTON, July 11 (Reuters) - The U.S. trade deficit remained near record levels in May at $41.84 billion, as U.S. exports struggled to show growth and record demand for foreign oil helped push imports slightly higher, the Commerce Department said on Friday. The trade gap was the third highest on record and only slightly wider than the revised estimate of $41.65 billion for April. The May tally was in line with an average estimate of $41.50 billion made by analysts before the report.
  • US Trade Deficit Unexpectedly Narrows in June

    08/14/2003 6:24:13 AM PDT · by Starwind · 29 replies · 320+ views
    Dow Jones Newswires | August 14, 2003
    DATA SNAP: US Trade Deficit Unexpectedly Narrows in June . ======================================================! International Trade !Surprise: Yes ! . June May !Trend: Deficit! . Deficit: $39.55B $41.48B ! Narrows ! . Exports: $84.62B $82.68B !Consensus: ! . Imports: $124.17B $124.16B !$41.80 Bln ! ======================================================! By Jeff Bater Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. trade deficit narrowed in June as exports climbed to their highest level in two years while imports remained flat. The U.S. deficit in international trade of goods and services narrowed to $39.55 billion from a revised $41.48 billion in May, the Commerce Department said Thursday. Analysts had...