International Trade

U.S. Trade Deficit Fell 12.1% in Second Quarter as Exports Rose

The U.S. current account trade deficit narrowed in the April-June period, pushed lower by an increase in American exports and cheaper oil imports. The Commerce Department said Tuesday that the deficit in the current account decreased 12.1 percent to $117.4 billion in the second quarter.

Making Up: China Resumes Shipments of Rare Metals to Japan

China has resumed shipments of rare earth minerals -- critical to the production of cell phones, computer drives and hybrid cars -- to Japan. The shipments had been halted since a collision in the East China Sea, which strained diplomatic relations between the two countries.

Why Easing the Threat of Currency War Is So Difficult

Investors take note: Despite the calls for order, national policymakers are dealing with an increasingly haphazard scenario loaded with counterproductive results and unintended consequences. The result could be a slide toward protectionism.

More Exports, Fewer Imports Aid U.S. Trade Gap

The U.S. trade deficit fell to $42.8 billion in July from $49.8 billion in June. The gap remains huge, but if the trends continues in the months ahead, trade will boost U.S. GDP growth above current forecasts.

Billionaire in Heated Battle Over Detroit's Ambassador Bridge

Manuel "Matty" Moroun enjoys a monopoly over one of the nation's busiest international trade routes between Detroit and Ontario. But now, as his Ambassador Bridge is starting to show its 81 years, Moroun has found himself frantically defending his claim to the lucrative trade business that takes place across the Detroit River each year.