Sentences with phrase «trade deficit which»

«China acknowledged our shared objective to reduce the trade deficit which both sides will work cooperatively to achieve,» a joint statement from Ross and treasury Secretary Steven Mnuchin said.

There was talk of reducing the trade deficit which seemed to fit with the BAT.

Not exact matches

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.

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.

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 defTrade Agreement and begin reworking a trade deal with South Korea, with which the U.S. has a significant trade deftrade deal with South Korea, with which the U.S. has a significant trade deftrade deficit.

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.

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.

But trade flows appear to be shifting: the U.S. ran a deficit with Canada over the three most recent quarters for which data are available, according to the U.S. Census Bureau.

Bank of America Merrill Lynch's Carlos Capistran and Ethan Harris say the decision to withdraw from NAFTA wouldn't solve Trump's issues with the deal, which include the US trade deficit with other countries and the loss of manufacturing jobs.

Trump is taking Beijing to task over China's large trade deficit with the U.S., which Washington says is in part due to unfair trade practices.

For the same reason that absolutely no relevant information about my economic health is conveyed by knowledge of the fact that I have a large trade deficit with my plumber (who is one of many people with whom I economically interact), absolutely no relevant information about America's economic health is conveyed by knowledge of the fact that America has a large trade deficit with China (which is one of many countries with which Americans economically interact).

But more important, the United States has by far the largest trade deficit in the world, which means that the other big economies like Germany, Japan, and China are dependent on U.S. demand for their economies to grow.

So there are two categories of countries with which the US has a trade deficit: Those that import from the US relatively little compared to their exports to the US — China, Japan, and Germany; and those with which the US has a booming bilateral trade, primarily Canada but also Mexico.

If the fiscal deficit is crowding out investment, cutting it will cause investment to rise, and it might rise by the full $ 100, in which case both savings and investment will rise by enough to have no impact on the trade deficit.

In fact, if investors are worried at all about the U.S. fiscal deficit, then if anything a cut in the deficit will cause even more money to enter the United States, and if the U.S. capital account surplus rises, then so must the U.S. trade deficit, which is the opposite of what Shultz and Feldstein claim.

I am in the bottom right box, in which a cut in the U.S. fiscal deficit will cause no change in the U.S. trade deficit because it will be matched by a decline in household savings as unemployment rises, as consumer debt rises, or both.

Germany, with which the United States has run a trade deficit for years, is particularly concerned, having been repeatedly named alongside China as a possible currency manipulator.

For example, if we reduce the fiscal deficit, total savings must rise, in which case the gap between savings and investment must decline with that both the capital account surplus and the trade deficit must decline.

By the end of the trading day on October 16, which was a Friday, the DJIA had lost 4.6 percent.5 The weekend trading break offered only a brief reprieve; Treasury Secretary James Baker on Saturday, October 17, publicly threatened to de-value the US dollar in order to narrow the nation's widening trade deficit.

And though exports of oil have increased, helping to shrink the U.S. trade deficit in energy by half from fourth quarter 2016 to fourth quarter 2017, the improvement has had negligible impact on the much larger overall U.S. trade deficit, which grew during that period.

He also said he wants South Korea to pay the cost of the U.S. THAAD anti-missile defense system, which he estimated at $ 1 billion, and intends to renegotiate or terminate a U.S. free trade pact with South Korea because of a deep trade deficit with Seoul.

Still, Canada says it has a trade deficit with the U.S. on dairy and has pledged to defend the sector, which is concentrated in regions whose support Prime Minister Justin Trudeau's Liberal Party relies on.

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.

With its flexible financial system and the gradual elimination by the 1970s of all capital restrictions, the United States was able quickly to adapt, and began running large trade deficits whose costs, in the form of unemployment and consumer debt, it was willing to absorb for geopolitical advantage, the importance of which soared during the Cold War.

The total money that ants receive from their trade (current account) surplus is perfectly balanced by the capital account deficit, which is simply the amount of savings they send abroad.

He suggested this might add to inflation risks; accelerate the need for interest - rate hikes; strain mortgages; and ultimately widen the import - export trade deficit, which is the source of trade tensions.

Except for a period in the early 1960s, when Robert Triffin explored what became known as the Triffin Dilemma, in which foreign hoarding of U.S. dollars was linked to persistent U.S. trade deficits, the relationship between the capital and current accounts seems since then to have mystified most economists, including those specializing in trade, even as U.S. trade deficits and foreign capital inflows soared, and as the growth in international capital flows, once consisting largely of trade finance, exploded relative to trade flows and relegated trade finance to minor importance.

Trump has vowed to bring down America's massive deficits, which he blames on bad trade agreements and abusive practices by U.S. trading partners.

This having been the case, it is curious that the Democratic Party, which used to represent the working class, generally were not focused on mitigating the trade deficit issue.

Note again the role played by excess savings, which, as I've stressed, are the flip side of our trade deficit.

They did, returning to inform him that Canada-U.S. trade was about even until you added «timber» and «energy» into the mix, which pushed the U.S. into a deficit of about US$ 17 billion.

Mexico imports a lot of oil and other energy into the US, which's mostly the source of the trade deficit.

To return to our example, we want to understand what will happen if China runs a $ 22 billion trade surplus and exports the full amount to the United States, which causes the U.S. capital account surplus and the US current account deficit both to rise by $ 19 billion.

Until we understand this do not expect the global crisis to end anytime soon, except perhaps temporarily with a new surge in credit - fueled consumption in the US (which will cause the trade deficit to worsen) and more wasted investment in China (which, because it is financed with cheap debt, which comes at the expense of the household sector, may simply increase investment at the expense of consumption).

It can easily be the case that the American trade deficit with China rose by only $ 10 billion, in which case the American trade deficit with the rest of the world necessarily rose by $ 9 billion, while the Chinese trade surplus with the rest of the world necessarily rose by $ 12 billion.

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.

If it is much higher, then a contraction in the trade deficit can not occur without a contraction in net foreign investment, which would only increase the gap between desired and actual investment by reducing actual investment levels.

Debt - financed tax cuts may well push up interest rates in the U.S., which attracts more foreign investment, which raises the value of the dollar, which makes exports less competitive and imports cheaper, which increases the trade deficit.

In 2017, the deficit stood at $ 375 billion, which accounts for about 65 percent of the total U.S. trade deficit.

The country with which the U.S. has the biggest trade deficit is China.

Officially they were in retaliation for intellectual property theft, but as Trump announced the tariffs he tied them to the trade deficit, which he called «out of control.»

Rising crude oil prices over the last two years will further aggravate the trade deficit as the currency is also depreciating, which will add to the import bill.

As an aside, although the US trade deficit with China remains quite high (which is actually a sign that the economy was recently strong), gross US exports to China have nevertheless reached a new record high as well.

In particular, India is crying foul over its rising trade deficit with China, which jumped 42 percent to $ 40 billion last fiscal year.

Australia's trade gap narrowed to $ 1.58 billion in April - down from $ 2.26 billion in March - which was well below the $ 2.1 billion deficit economists were expecting.

The trade deficit in the US widened to $ 43.5 billion in September from $ 42.8 billion in August, led by a faster pace in imports, which rose by 1.2 percent, offsetting a 1.1 - percent increase in exports.

A surge in Australia's terms of trade has mitigated the effect of these developments on the trade deficit, which is estimated to have been around 3 1/4 per cent of GDP in the December quarter 2004, wider than at mid year but broadly similar to the outturns of the past year and a half (Graph 32).

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.