imports

The Trade Deficit's Untold Story: Rising Exports

The trade deficit's rise to just under $500 billion in 2010 obscures an impressive rise in global sales of U.S. goods, and the outlook for 2011 is even better. But to reach a trade surplus, the U.S. must solve two serious problems.

Natural Gas Can Be America's Fuel of the Future

Unless there's a breakthrough in battery technology, gasoline will remain the primary auto fuel in the U.S. for years. But our dependence on imported oil comes with a major risk of supply disruption. And the U.S. has a domestic alternative that's ready and reliable: natural gas.

Healthy Surprises in the Fourth-Quarter GDP Report

Consumers reopened their wallets and manufacturers slashed inventories, indicating they're getting ready to ramp up production of more goods this year. Also contributing to growth were rising exports and falling imports. But just how good will 2011 prove to be?

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.

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.

U.S. Trade Deficit Plunges as Exports Hit Two-Year High

Aided by a jump in exports and a dip in imports, the U.S. trade deficit unexpectedly plunged to $38.7 billion in October, the U.S. Commerce Department said. A weaker dollar is making U.S. industrial and agricultural goods and services more attractive to foreign customers, including emerging market economies developing their infrastructures.

China Trade Surplus Grows to $27 Billion

China posted its second-largest trade surprlus of the year in October, giving further ammunition to critics who say that the country%u2019s currency should be stronger. The country%u2019s October exports were worth $27.15 billion more than its imports for the month, the largest figure for any month this year except July, MarketWatch reported.

Can Swatch Stop Costco from Selling Omega Watches?

By buying Omega watches from an overseas distributor, Costco has been able to sell them at well below the suggested retail price. Can Swatch use its copyright to stop Costco? The U.S. Supreme Court's decision could have broad implications for the so-called "gray" market.

August Trade Gap Grows Due to Oil, Chinese Imports

The U.S. trade deficit unexpectedly jumped to $46.3 billion in August, as the nation%u2019s deficit with China surged to a record $28 billion -- pushing overall imports up 2.1%, while overall exports rose just 0.2%. Oil prices were the other key culprit as our petroleum deficit surged 5.7%.

Can the Global Economy Thrive Without the U.S.?

Three years ago, the financial crisis that hit America spread across the globe, dragging the world into its deepest recession in seven decades. Now, the U.S. recovery is losing momentum, but economists say this time, when America sneezes, the world doesn't have to catch a cold.

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%.

Enbridge Says It Recovered Most of the Oil From Damaged Pipe

The 34-inch pipe in Romeoville, Ill., 30 miles southwest of Chicago, is still shut, with no indication of when it will reopen. Enbridge said it collected about 6,050 of the 6,100 barrels that leaked. The 34-inch pipe in Romeoville, Illinois, 30 miles southwest of Chicago, is still shut, with no indication of when it will re-open, Bloomberg News reported. The company said it collected about 6,050 of the 6,100 barrels that leaked.

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.

Economic Growth Revised Lower for Second Quarter

U.S. economic growth slowed to an anemic 1.6% pace in the second quarter, due primarily to a worsening trade imbalance. The sole ray of light in the Commerce Department's report was that the downward revision was not as severe as economists had expected.

Chinese Import Growth Slowed in July as Demand Cools

The growth in China%u2019s demand for imports slowed in July, posing a possible risk to global economic demand. Imports gained 22.7% year-on-year to $116.8 billion, compared with an increase of 34.1% in June, The Associated Press reported. Export growth was 38.1%, down from 43.9% in June.

When Americans Stop Shopping, the World Suffers

With the U.S. consumer economy in the doldrums, the impact is being felt globally. From China to Germany and Canada to Japan, America's major trading partners are struggling to adapt to a sudden decline in U.S. imports.

U.S. ITC Rules That Nvidia Infringed Rambus Patents

The U.S. International Trade Commission ruled that graphics-chip maker Nvidia Corp. (NVDA) infringed on patents held by Rambus Inc (RMBS), and that certain Nvidia imports into the United States will be barred. After the ruling, Nvidia said it will pay to license Rambus technology, Dow Jones Newswires reported. Nvidia said that there would be "no impact on our customers or our business."

U.S. Trade Deficit Unexpectedly Rises in May

May%u2019s unexpected rise in the U.S. trade deficit to $42.3 billion isn%u2019t likely to resolve the tug-of-war between the economic bulls and bears. Imports and exports both grew, but imports grew marginally faster.

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.

GM, Ford Zoom Past Toyota in New Quality Survey

After trailing Asian automakers for more than two decades, U.S. car companies, led by Ford Motor and General Motors, zoomed past their foreign competition in the latest J.D. Power Initial Quality Study of new cars and trucks.

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.

China as Importer

China posted a tiny surplus in April, which could signal a change in China's role in world trade.

Trade Deficit Widened in February

The trade deficit unexpectedly widened 7.4% to $39.7 billion in February, the Commerce Department said, as rising imports outpaced rising exports.