Sentences with phrase «trade surplus on»
And then, while in Florida, Abe insisted on keeping the U.S. - Japan trade in a broad multilateral framework, fearing that President Donald Trump's preference for a bilateral deal would make a big dent in Japan's $ 68.8 billion trade surplus on American trades.
https://www.cnbc.com/ Not exact matches
But Trump's focus on cars actually highlights one of the sectors where the U.S. maintains a large trade surplus with China, which would expand even more if China follows through in lowering the tariffs.
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.
Indeed, the U.S. - German relations began to deteriorate very fast early last year after Washington criticized Germany for its large, growing and systematic trade surpluses with America, and threatened to levy import duties on German car manufacturers.
Last year, on Trump's watch, they ran a combined $ 595.4 billion surplus on their American trades — a 5.8 percent increase from 2016.
With their growing surpluses on American trades, China, Japan and the European Union are defying U.S. trade policies — and getting away with it.
He said the United States has a $ 450 - million trade surplus with Canada on wine and is always looking to increase its market share.
China's ballooning trade surplus with the United States has dominated geopolitical and financial market headlines over the past month with both sides announcing proposed tariffs on the others imports, creating concerns over the = tit - for - tat trade spat to escalate into something far more sinister.
He has focused on trade relationships where other countries run large surpluses with the U.S., meaning they sell more to U.S. consumers than they buy from American companies.
Preeya Malik is a licensed attorney, entrepreneur and expert on investment immigration, with an interest in trade reform and the large fiscal surpluses in oil - exporting economies, which has expanded the firm's reach to large portfolio of investor contacts in the Middle East and India.
Renzi regularly denounces a double standard in European politics, notably on fiscal rules by pointing at the excessive German trade surplus (currently 8 %).
But the cruel irony is that any improvement in demand and output conditions in these three countries will partly leak out and benefit the euro area countries with large trade surpluses because their economies are running on exports rather than domestic demand.
That's especially welcome news in the case of Germany, which has long relied on an outsized trade surplus, while keeping wages and consumption artificially low.
US Treasury Secretary Mnuchin complained about persistent trade surpluses and stated that «We urge the IMF to speak out more forcefully on the issue of external imbalances, including by providing clear policy recommendations for countries with large surpluses, in support of more balanced global growth.»
Wages and prices are assumed to fall proportionally, enabling shrinking economies to «earn their way out of debt» by squeezing out a trade surplus to earn the euros to carry the enormous mortgage debts that fueled the post-2002 property bubble, and the new central bank debt taken on to support the exchange rate.
The Vancouver Board of Trade, representing thousands of businesses in British Columbia, has assigned an overall grade of «B +» to Economic Action Plan 2014, based on strong progress towards a surplus budget and overall focus on fiscal prudence.
Even as China's trade surplus narrowed overall in the first three months of the year, its surplus with the U.S. surged 19.4 percent to $ 58.25 billion from a year earlier, customs data showed on Friday.
In a report published in October, the Treasury Department declined to label South Korea a currency manipulator, but placed it on a «monitoring list» for its currency practices and large trade surplus with the United States.
Just a quick note to say I was very glad and a little surprised to see quite a number of articles and commentaries on the problem of Germany's large trade surplus.
Commerce Secretary Wilbur Ross, who has been charged with negotiating with the European Union, had been pushing for the bloc to reduce its tariffs on imported cars and lower its trade surplus with the United States.
They hope the two men will be more sympathetic to offers to open up China's financial market and reduce its trade surplus by making purchases of American natural gas and other products, people briefed on the deliberations said.
No one on the European side is seriously taking about a free trade agreement with China, which runs a sizable surplus with most EU nations.
With each percentage point of the country's trade or current account surplus substituting for perhaps 10 — 15 percentage points of debt, China's trade surplus provides the country's leaders with crucial breathing space as Beijing maneuvers the necessary changes that will allow China to eliminate its reliance on debt.
It is unclear exactly what the order would do or how harsh it would be, but it would be designed to begin to make good on Mr. Trump's promise during the campaign to redress China's huge trade surplus with the United States.
Trade surplus in August jumped 77.8 percent year - on - year and hit a record high again, after reaching an all - time high of 47.3 billion U.S. dollars in July, the data showed.
This is what I wrote about in the Financial Times yesterday: the U.S. refusal to cooperate with other countries, above all its double standard insisting that other countries must turn their foreign - exchange surpluses over to the U.S. Treasury to promote U.S. financial markets at their expense — and the demand that any country running a trade surplus with America spend the money on U.S. arms — is so abhorrent that other countries are proceeding to create an alternative global financial system of settling trade and balance - of - payments transactions without the United States.
China's exports in August rose 9.4 percent year - on - year to 208.5 billion U.S. dollars, with monthly trade surplus reaching an all - time high of 49.8 billion U.S. dollars, customs data showed on Monday.
But Japan is almost the opposite to the United States — weak economy, barely positive interest rates, massive fiscal deficit, trade surplus and an economic culture based on conventional manufacturing.
The 2018 White House Economic Report of the President says the U.S. ran a trade surplus of $ 2.6 billion with Canada on a balance - of - payments basis.
These range from threatened US tariffs to offset Chinese trade surpluses, to Chinese bases in the South China Sea, to North Korean missile tests to human rights concerns, and so on.
Asia Roundup: Aussie rebounds as trade surplus widens, dollar index consolidates near 4 - month peak, Asian shares ease on geopolitical tensions - Thursday, May 3rd, 2018
Clearly lots of confusion here, on the flip side Germany thinks all other EU nations can also run trade surpluses and save as much as they do.
The trade surplus means struggling energy and manufacturing companies may contribute to growth aided by debt - fueled consumer spending on houses and cars.
But the Trump administration has simultaneously pursued the country on trade, largely because South Korea maintains a large trade surplus with the United States.
A U.S. delegation led by Treasury Secretary Steven Mnuchin arrives here on Thursday with a list of asks for President Xi Jinping: reduce China's trade surplus with the U.S., better protect intellectual property, and end policies Washington says favor large Chinese companies and discriminate against American businesses.
Chinese trade surplus: Beijing's decision would leave the Chinese capital account deficit unchanged, so it could not have an impact on the Chinese current account or trade surpluses.
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.
U.S. trade deficit: Beijing's decision would leave the U.S. capital account surplus unchanged, so it could not have any impact on the U.S. current account or trade deficits.
In 2005, when consumption hit the then - astonishing level of 40 % of GDP, there was a widespread conviction in policy - making circles that this was an unacceptably low level and that it left Chinese growth much too dependent on the trade surplus and on increases in domestic investment.
Chinese trade surplus: Beijing's decision would leave the Chinese capital account deficit unchanged, so it could not have any impact on the Chinese current account or trade surpluses.
Chinese trade surplus: Because Beijing's decision would leave the Chinese capital account deficit unchanged, it would have no impact on the Chinese current account or trade surpluses.
On one hand, Norway's past eight years, in which it had both a trade account surplus and a governmental fiscal surplus would seem to support his argument; yet there are too many other examples which do not confirm this theory.
Although India runs a merchandise trade deficit (2 1/2 per cent of GDP in 2002/03), it has a modest surplus on the current account (0.8 per cent of GDP in 2002/03), owing to sizeable inward current transfers and a surplus for net services.
Over the rest of the trading day, the banks exchange funds amongst themselves depending on which institution happens to have a surplus of funds and which happens to have a deficit.
During the following weeks, the US calibrated its aim on China with the arguments of the large bilateral trade surplus and infringements of US intellectual property rights.
President Draghi said the ECB was correct in its policies, and current and trade surplus nations were at fault for the continued economic malaise for not embarking on large fiscal stimulus programs.
Much of the debate over the past years about the benefits and the costs global specialization, primarily the rapid advance of China as a major manufacturing center has been less about the financial costs — the $ 12 trillion dollars of additional liquidity that the US consumers offered to the world (the cumulative US trade deficit from 1990 through 2015 compared to the over $ 3 trillion dollars in trade surplus run - up by China over this same period — and more in terms of the jobs lost and the impact of foreign products on American wages in manufacturing.
(*) Working with the rest of the world to change WTO rules making it mandatory that countries running a trade deficit more than 1 % of their GDP must impose a 10 % surcharge on imports; while a country running a surplus more than 1 % of GDP must impose a 10 % surcharge on export prices.
It is silly for Americans to label Japanese and European trade partners as «unfair» on the basis of their trade surpluses with the U.S. Without foreigners» strong exports to the U.S., the Federal Reserve Bank would have been obliged to use restrictive monetary policy to dampen inflationary pressures, prompting higher U.S. interest rates and lower home purchases.