Sentences with phrase «trade deficits of»

From Bush 1 to present, our Country has lost more than 55,000 factories, 6,000,000 manufacturing jobs and accumulated Trade Deficits of more than 12 Trillion Dollars.

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.

Imports increased 14.4 percent, leaving a trade deficit of $ 4.98 billion, the first since February 2017.

U.S. President Donald Trump has threatened to withdraw from NAFTA unless he can rework it in favor of the United States, arguing that the pact has hollowed out U.S. manufacturing and caused a trade deficit of over $ 60 billion with Mexico.

Prior to 2009, Canada tended to record substantial trade surpluses, but since then we've recorded a trade deficit of $ 17.25 billion.

(Added together, it still came out to a total trade deficit of $ 92 billion.)

But the president declared that the United States would no longer tolerate running a trade deficit of nearly $ 400 billion with China, its second - largest trading partner, after the European Union.

Japan posted a trade deficit of ¥ 109.68 billion with the rest of Asia after imports gained 3.0 percent to ¥ 3.46 trillion and exports increased 16.0 percent to ¥ 3.35 trillion, the largest on record for the month.

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.

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.

And finally, on Thursday, Statistics Canada reported that Canada posted a trade deficit of $ 2.7 billion in February, compared to $ 1.9 billion in January.

The auto trade deficit with Mexico represents almost two - thirds of Canada's overall auto trade deficit of $ 18.5 - billion (Canadian), said Jim Stanford, former economist for Unifor, which represents workers at the Detroit Three's Canadian plants.

The United States has a trade deficit of 111 billion dollars with Europe.

Already, the high cost of these fossil fuel imports has contributed to Japan's newfound trade deficit of $ 32 billion, the country's first in over 30 years.

Being the second largest nation across the worldwide, India is supposed to lend support to global prices that trading close to the highest level, which could eventually lead to the wide trade deficit of the country.

He takes note of a trade deficit of $ 500B per year and intellectual property theft of $ 300M.

Not exact matches

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.

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.

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

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

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.

The surplus was still down 47 percent from a year earlier, with the trade balance remained in deficit as the yen's decline has pushed up costs of imported fuels immediately while its impact on exports will take some time to be fully seen.

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

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.

Imports rose 11.9 percent in the year to February, a fourth straight increase but below expectations of a 15.1 percent rise, leaving the trade balance in a deficit for the eighth consecutive month.

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.

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.

Data released on Wednesday showed the current account - a broadly defined measure of trade that includes services and investment income - recorded a deficit of $ 4.152 billion in February.

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.

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.

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.

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.

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 partTrade 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 parttrade 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 parttrade 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.

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.

Ross also pointed out that the trade deficit with China — at a record $ 276 billion last year — is a result primarily of economic factors instead of policy issues.