Sentences with phrase «us trade deficit»

The administration's latest move to shore up the U.S. trade deficit could have unintended consequences on businesses that account for the lion's share of American jobs.

Of all the data in the release, the merchandise trade deficit (or surplus) receives the most attention, though both the export and import data in isolation are worth paying attention to.

C. Fred Bergsten, a member of the advisory council and director emeritus of the Peterson Institute for International Economics, said the nonlabor members of the group warned not to focus on the «hobby horse» of the U.S. trade deficit with Mexico.

But we knew that: the U.S. trade deficit in goods with Mexico was more than (US) $ 63 billion in 2016, compared to a deficit of about (US) $ 11 billion with Canada.

Ross and Trump are obsessed with the dangers of trade deficits.

Deep policy divisions appear to exist between the business and labor groups: The report cites the «majority» of members preferring to focus on issues outside trade deficits in favor of a «mutually beneficial» trade deal, sentiments to which the labor union representatives dissent in favor of promoting U.S. investment and jobs.

The president introduced a slew of new measures aimed at reducing the trade deficit with China.

Perhaps things will break differently, but as the Trump administration digs in on the necessity of reducing the U.S. trade deficit, it's becoming increasingly difficult to see how Canada and Mexico can avoid making significant concessions.

That, in turn, can amplify the U.S. trade deficit.

The commerce secretary concluded the figures mock a standard criticism of Trump's fixation on the U.S.'s trade deficit with its NAFTA partners.

The fact is, most economists agree that trade deficits are not necessarily bad for the U.S. economy nor do they reflect some camouflaged version of a trade war, as Ross asserts.

Lighthizer, who lacks his boss's need for public attention, appeared at a Washington - based think tank on Sept. 18 to explain at length why the administration is so obsessed with narrowing the trade deficit.

The president has long complained of what he says are unfair Chinese policies contributing to a huge U.S. trade deficit.

For example, Ontario runs a very large trade deficit with China and a smaller one, though still sizeable, with Mexico.

The Trump goal of lowering trade deficits by raising exports would be lost.

The U.S. demands came after Beijing offered to narrow the trade deficit by $ 50 billion, including by importing more liquefied natural gas, agricultural products, semiconductors and luxury goods, according to the person.

Last week, President Donald Trump condemned the U.S. trade deficit with other countries and proposed plans to impose hefty tariffs on steel and aluminum imports.

As of February, the U.S. also had a record - high $ 375.2 billion trade deficit with China, meaning it spends considerably more on Chinese imports than it makes on exports sent to China.

«It works against the administration's goal of increasing U.S. exports to eliminate our trade deficit,» says Dan Ikensen, an economist at the Cato Institute.

Between four straight months of falling GDP and record trade deficits, the economic news coming out of Canada over the last few months has been rather grim.

And with a slow - growing economy and large trade deficits, Washington will probably be even less tolerant of an onslaught of Japanese exports.

«When you look at the plan that's taking shape now, using comprehensive tax reform as a means to tax imports from countries that we have a trade deficit from, like Mexico,» he said.

Trump announced this past week that he intended to renegotiate the North American Free Trade Agreement and begin reworking a trade deal with South Korea, with which the U.S. has a significant trade deficit.

That should ensure that borrowing costs will remain low, but in the longer - run trade deficits and shrinking current account surpluses could threaten Japan's ability to finance a debt pile that is twice the size of its economy, the highest ratio in the developed world.

«Massive trade deficits & little help on the very weak border must change, NOW!»

The key problem is the American chronic trade deficit with Germany.

The overall trade deficit stood at 777.5 billion yen ($ 8.14 billion).

Also out this morning: U.S. trade deficit, which likely narrowed in September, will be released at 8:30 a.m. ET and the ISM non-manufacturing index, which is expected to show a small decline in the pace of service sector growth, will be released at 10 a.m. ET.

Trump then said, according to The Post's reporting on the audio, that his aide returned and reported that the US had a $ 17 billion trade deficit with Canada when energy and timber sales were factored in.

In it, they wrote that China's 2001 WTO inclusion «opened America's markets to a flood of illegally subsidized Chinese imports, thereby creating massive and chronic trade deficits.

Autos are expected to be one of the most contentious parts of the talks because the sector accounts for the lion's share of the U.S. trade deficit with Mexico.

In January and February, the U.S. trade deficit with those three large economic systems, accounting for about 40 percent of world's demand and output, was running at an annual rate of $ 612.3 billion, a 3 percent increase from the same period of 2017.

The American trade deficit with China in January and February was running at an annual rate of $ 391.2 billion — a 20 percent increase over the same period of 2017.

U.S. President Donald Trump has repeatedly threatened to abandon the 23 - year - old pact unless it can be rewritten to reduce U.S. goods trade deficits of about $ 64 billion with Mexico and $ 11 billion with Canada.

«Addressing the U.S. trade deficit is a top priority in renegotiating #NAFTA,» the U.S. Trade Representative's office said in a tweet on Monday, breaking its silence since the talks began last Friday.

Suppose, though, that Trump is somehow spectacularly successful in his dealmaking and eliminates the U.S. trade deficit in manufactured goods through better trade deals and forcing firms to remain in the country.

Second, make a deal with Germany to cut U.S. trade deficits by boosting American exports to the EU while replacing a significant part of imports with products generated by European companies in their U.S. production facilities.

Trump told the Chinese President that the growing U.S. trade deficit with China isn't sustainable

Beijing will not sell North Korea down the river in exchange for Trump's leniency on large, and growing, trade deficits with China.

Trump has criticized the U.S. trade deficit with China and pledged to fight alleged intellectual property theft by Chinese companies.

It is difficult, for example, to say with certainty what percentage of the current U.S. trade deficit -; which stood at a record $ 65,677 million at the end of 2005 -; is directly attributable to NAFTA.

The news comes on top of two previously announced executive orders focused on lessening the U.S. trade deficit, which exceeded $ 500 billion in 2016.

It's cheaper to produce stuff if I get to throw my waste on your lawn, but it is not a long - term way to reverse the trade deficit,» he adds.

Statistics Canada released figures earlier Wednesday suggesting the country's merchandise trade deficit narrowed in January, though economists noted it was driven by a plunge in imports.

Even if you set the issue of employment aside, the U.S. trade deficit over the past five years increased, meaning that the rest of the world was more successful at selling us more stuff than vice versa.

To make matters worse, economists can not agree on what has caused America's manufacturing malaise or why the trade deficit is so persistently large.

Trade has grown sharply between the three nations who are parties to NAFTA but that increase of trade activity has resulted in rising trade deficits for the U.S. with both Canada and Mexico -; the U.S. imports more from Mexico and Canada than it exports to these trading partners.

U.S. President Donald Trump has repeatedly threatened to scrap the trade agreement if it can not be renegotiated to shrink U.S. trade deficits and return manufacturing jobs to the United States.

The U.S. could dial back the trade deficit by trimming the value of the dollar, suggests Dean Baker, co-director of the non-partisan Center for Economic and Policy Research.

Even if he is able to get Trump to soften some of his views, here are four things that the U.S. President could do to lessen America's trade deficit with China.