Sentences with phrase «goods trade deficits»

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.

Germany, by comparison, has much less to complain about: Its goods trade deficit with China remains on a steeply declining trend, falling last year to 14.2 billion euro, a 21.5 percent drop from 2016.

The United States runs a hefty goods trade deficit with China of $ 375 billion.

The U.S. goods trade deficit with India was $ 24.3 billion in 2016.

The U.S. goods trade deficit with Iraq was $ 4.7 billion in 2016.

The U.S. goods trade deficit with Nepal was $ 48 million in 2016.

OTTAWA (MNI)- Canada goods trade deficit reached a record high C$ 4.1 billion in March, widening from C$ 2.9 billion in February, which was slightly revised from C$ 2.7 billion, leading to a deterioration of the balance in the first quarter that does not bode well for net export contribution to GDP growth, according to data from Statistics Canada.

Trump administration officials have called for a $ 100 billion reduction in the United States» $ 375 billion goods trade deficit with China, a reduction in China's car tariffs and more U.S. access to the Asian nation's vast markets.

The U.S. goods trade deficit with Bangladesh was $ 5.0 billion in 2016.

Not exact matches

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.

A number of U.S. policymakers have sought to justify stoking a trade war with China in recent weeks, saying it is «unfair» for the world's biggest economy to have a current account deficit — which measures the flow of goods, services and investments into and out of the country — with Beijing.

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.

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.

But his solutions for shrinking the U.S. trade deficit with China, namely labeling China a currency manipulator and placing tariffs on Chinese goods, are not as heretical as you might think.

According to Trump's own trade representatives, the answer is no — the U.S. does run a deficit with Canada when it comes to goods, but its surplus in services far outweighs that, leaving an overall surplus of $ 12.5 billion for 2016.

Earlier this week, U.S. President Donald Trump put issued an ultimatum to China... reduce the trade deficit (i.e. the difference between the amount of goods and services that America imports from China versus the amount it exports to China) by US$ 100 billion.

The trade deficit in goods with the EU added up to approximately $ 151 billion in 2017.

More than 65 percent of the U.S. trade deficit in goods was with China.

Canada's trade deficit in goods jumped to a record high in March, but analysts took heart in data showing healthy export growth.

Just imagine what that could mean for Canada under a new, rewritten NAFTA that triggers a renegotiation whenever the U.S. develops a trade deficit with Canada: when oil prices go up, trade rules for other goods from cars to cattle could be rewritten, creating uncertainty for exporters.

The U.S. trade deficit in goods, without services, was $ 810 billion.

That's why the countries with which the United States has the largest trade deficits in goods are not always its most important trading partners.

Top administration officials are visiting Beijing this week for talks aimed at reducing America's huge trade deficit in goods with China, which fell 11.6 percent in March to $ 25.9 billion.

• From 2011 to 2016, the U.S. trade deficit in goods with Korea more than doubled, rising from $ 13.2 billion to $ 27.6 billion.

But that was offset by a $ 69.5 billion deficit in the trade of goods.

Canada's trade deficit ballooned to a record $ 4.1 billion in March as an import surge in consumer goods, cars and car parts far outweighed Canadian...

The U.S. goods and services trade deficit with India was $ 30.8 billion in 2016.

And he pledged to lower U.S. trade deficits by raising tariffs on goods from countries that run large trade surpluses with the U.S.

The U.S. goods and services trade deficit with Nicaragua was $ 2.1 billion in 2015.

The overall United States trade deficit in goods and services with the world widened 12.1 percent to $ 566 billion last year, the largest gap since 2008.

If the Chinese surplus should rise against the U.S. after a decrease in the trade deficit with Mexico, the U.S. must then do the equivalent of a currency depreciation via a tariff against Chinese goods to force a rebalancing of trade which to me seems like a reasonable plan.

The American trade deficit fell in March, yet the goods gap with China, $ 106 bln this year so far, keeps widening.

More to the point, the United States runs a $ 65 billion trade deficit in goods with Germany, its widest in Europe and third - largest overall — a key sticking point for Trump in his relationships with foreign leaders.

The United States had a goods and services trade deficit with China of $ 337 billion in 2017, the highest level on record, according to the Bureau of Economic Analysis.

Canada's surplus in energy was $ 16.2 billion in the second quarter, even as it ran a goods - trade deficit of $ 5.2 billion.

When the trade deficit with China was $ 350 billion last year, what it actually meant was that China sent us $ 350 billion worth of goods, and we gave them our printed paper (fiat money dollar) in exchange.

He also said the trade deficit in goods with both countries must be reduced.

On the corporate side, the disappointing manufacturing PMI number has to be considered alongside a much better reading for services, while the US trade deficit narrowed sharply in September due to a rebound in foreign countries» demand for American goods in spite of a strong US dollar.

The deficit was led by a record rise in imports to # 55.78 billion and a sharp fall in the trade gap of goods.

While economic growth accelerated, the trade deficit in goods and services widened to $ 566 billion last year, the largest amount since 2008.

«The persistent U.S. deficit in goods trade with Canada and Mexico demands that this administration take swift action to revise the relationship to reflect and respond to 21st - century challenges,» read the letter, signed by Stephen Vaughn, the acting United States trade representative.

But even though Trump attaches meaning to irrelevant metrics like bilateral trade deficits in a global economy, where two - thirds of trade flows are intermediate goods and only 3.6 % of the value of an Apple iPhone is Chinese (yet the entire $ 179 cost is chalked up as an import from China, exacerbating the bilateral deficit), the fact is that frictions in the relationship have been increasing since well before this president assumed office.

Autos and auto parts are particularly important because our combined trade deficit in autos and auto parts from Canada and Mexico is $ 84.6 billion annually, which is the vast majority of our total trade in goods deficit with our neighbors.

That is why we have a NAFTA net trade deficit in goods of $ 70 billion.

Trump insists that tariffs are needed to decrease the United States» $ 556 billion deficit in goods and services trade.

The United States ran a $ 77 billion deficit in the trade of goods in February, the highest level since July 2008.

It reports that in 2016, the United States exported $ 12.5 billion more in goods and services than it imported from Canada, leading to a trade surplus, not a deficit.

This, together with rapid growth in imports flowing from strong domestic demand, led to a substantial widening of the deficit on trade in goods and services (Graph 44).

The result has been a substantial widening of the deficit on trade in goods and services.

North Korea also ran a near - record trade deficit of $ 1.96 billion with China in 2017, the NIS reportedly informed the National Assembly on Monday, owing to United Nations Security Council sanctions banning exports of goods including coal, marine products and garments.