Trade

The Obama Romney Debate: Who Won, and What That Means

Let's not sugarcoat it, President Obama won Monday's debate decisively -- at least on the topic of the evening, foreign policy. That's good news for Obama and bad news for Romney. But there's good news for Romney too.

Obama-Romney, the Final Round: 5 Things to Watch for Tonight

After two dramatic debates, in a tight race, we have come to this -- one final showdown that may decide who becomes the next president. In theory, it'll all be about foreign policy. In reality, it's about something much bigger. It's about leadership and decision-making ... and, as always, the economy.

People@Work: Construction Job Growth Is Slowly Rebuilding

New forecasts show that the worst may be over for the construction industry, which was hit harder by the Great Recession than any other sector, as construction projects slowly resume. Some 27% of construction firms say they plan to add staff this year, while only 20% plan to cut jobs.

What Does Chinese Inflation Mean for Americans?

China's economy is clearly in the midst of an inflationary pop. And most American consumers might think that will translate directly to the prices we pay here. But once you put U.S.-China trade in a larger context, it becomes clear that this less likely to be the case.

New U.S. Trade Deals With China

Two days of talks with a high-level delegation from China produced results that should benefit U.S. companies ranging from manufacturers of computer software and wind turbines to beef producers.

The WTO Supports U.S. Tariff on Chinese Tires

The World Trade Organization has supported the Obama administration's decision in September 2009 to enact tariffs on Chinese tires imported to the U.S. The WTO said the president's claim that such imports disrupted the domestic tire market was warranted.

The Trade Deal With Korea Will Beef Up U.S. Meat Exports

Since the mad cow scare of 2003, South Korea has been a tough market for U.S. beef: The country first banned it, then severely limited imports. But a pending new Free Trade Agreement could mark the resumption of normal trade, and the start of a more prosperous era for American beef exports.

China Raises Anti-Dumping Duty on U.S. Chicken

China raised antidumping duties on U.S. chicken products, saying that the goods are being dumped in the Chinese market. China raised the minimum chicken duty to 50.3% from 43.1% on U.S. chicken products, MarketWatch reported. The maximum antidumping tariff remains 105.4%.

U.S. Trade Deficit Unexpectedly Increased in May

The U.S. trade deficit unexpectedly increased in May to $42.3 billion, from a revised figure of $40.3 billion in April. Imports outpaced exports in May, driven by increased demand for consumer goods and cars, the Commerce Department said.

U.S. Says Yuan Undervalued; China Not Manipulating Currency

A report from the U.S. Treasury Department avoided naming China as a currency manipulator, saying instead that the yuan is "undervalued." The report said that the recent Chinese decision to end the peg to the dollar was a "significant step," and pledged to monitor the Chinese currency in the next three months, Bloomberg News reported.

GE Backs Away From CEO Comments Criticizing Obama

General Electric Co. (GE) backtracked from comments reportedly made by CEO Jeffrey Immelt in which he criticized President Barack Obama and Chinese trade policy. In an article in the Financial Times, Immelt was reported as saying that Obama and U.S. business had a hostile relationship.

China's Currency Move Means Hard Decisions Ahead

If you think China's decision to unpeg its currency from the U.S. dollar was a good move for both countries, Gary Shilling says don't believe it. The economist who saw the subprime crisis coming warms that the move isn't what it appears to be, and says it will have a number of unintended consequences.

Econ Note: Geithner Says China Must Reform Currency Policy

Treasury Secretary Timothy Geithner told lawmakers Thursday China is making progress in addressing U.S. concerns over the glaring trade imbalance between the countries, but much works remains to be done to promote a level playing field between the nations.

As Exports Fall, Is the Recovery in Jeopardy?

April's trade report provides fodder for the bears, who will likely point to the month's 0.7% drop in exports as further evidence that international demand is not going to drive a self-sustaining recovery in the U.S.

Consumer Confidence Rising Despite Uncertainty

U.S. consumer confidence rose for the third straight month in May, hitting its highest level in more than two years, as optimism regarding business conditions and the job market increased. But that trend could reverse in a hurry if Europe%u2019s debt crisis relapses.

China's Chicken Tariffs

China is set to raise tariffs on certain chicken parts imported from the U.S., which may be as high as 31.4%.

Legal Briefing: The Strong Push to Regulate Derivatives

One of the biggest battles in financial reform is whether derivative trades will move out of the shadows into a public exchange. Derivatives played a major role in the financial meltdown, but because private trades are highly profitable, big banks and their GOP allies are fighting hard against reformers' push for new regulations.

Chinese President Rejects U.S. Calls to Let Yuan Rise

Chinese President Hu Jintao rejected President Barack Obama's call to let the yuan appreciate against the dollar, saying the two nations "should respect each other's core interests and major concerns," and affirmed that his country's monetary policy won't be swayed by "external pressure."

Treasury Secretary Geithner's Trade Diplomacy in China

Timothy Geithner squeezed in a trip to Beijing on his way home from a visit to India. His mission: to diffuse ever-increasing U.S. trade tensions with China ahead of a meeting next week between the two countries' leaders. Chinese officials may be in a mood to compromise.

Jack Perkowski's Top Five Keys to Success in China

Based on his long experience as a Western entrepreneur in China, Jack Perkowski has compiled five top keys to success for American companies that want to business there (looks like Google missed No. 5). Here they are...