Sentences with phrase «bilateral trade deficits»

As evidence that the U.S. deficit is caused by expensive labor, high manufacturing costs, and the spendthrift habits of Americans, many economists will point out that the United States runs bilateral trade deficits with many countries, and not just with China.

But this is not one of those times, and targeting bilateral trade deficits makes no sense and can be counterproductive, as I describe here (and I'll have more to say about this question of when trade deficits are problematic in coming days).

They include «rules of origin,» or the percentage of parts that must be made in North America for a product to qualify for free - trade status; language on how to settle disputes affecting foreign investors; changing Mexican labor standards; and Trump's stated goal of reducing U.S. bilateral trade deficits.

During a visit to Beijing last month, the president blamed his White House predecessors rather than Chinese President Xi Jinping for the yawning bilateral trade deficit.

The New York Times reports that China is taking a hard line on the two specific requests made by the Trump administration: to cut the US bilateral trade deficit by $ 100bn from the current $ 375bn, as well as limits to state support for advanced technologies like artificial intelligence, semiconductors, electric cars, and commercial aircraft, all part of the Made in China 2025 programme.

The U.S.'s bilateral trade deficit was $ 375 billion last year.

Japan was conspicuously absent from a list of U.S. allies that would be exempt from new American tariffs, possibly because of Trump's displeasure with the bilateral trade deficit the U.S. has with Japan.

That made predicting the consequences of protectionist measures easy: They would reduce the bilateral trade deficit and thus the overall deficit.

Eswar Prasad, a professor of trade policy at Cornell University, cautioned against Mr. Trump's interpretation of the bilateral trade deficit as a scorecard for an economic relationship.

Our trade policy should not have the objective of reducing all bilateral trade deficits to zero.

The unusual proposals, aimed at shrinking the bilateral trade deficits that vex the president, are designed to set the stage for the walkout that Trump has repeatedly threatened, says Miller, now a senior adviser at the Center for Strategic and International Studies.

And Trump's team has talked of wiping out bilateral trade deficits — a move that trade experts call «economic nonsense» and one that could be a red line for Peña Nieto, who is worried about being seen as bowing to Trump on unreasonable demands.

The bilateral trade deficit corresponds to the loss of 16,000 of the 40,000 jobs in the vehicle assembly and parts sector since 2001, he said.