U.S. Trade Gap Widens to Near Record as Imports Surge
By Eric Martin (Bloomberg) — The U.S. trade deficit widened to the third-biggest on record in January as imports surged to the highest since mid-2019. The gap in trade of goods...
By Eric Martin (Bloomberg) — The U.S. trade deficit widened to the third-biggest on record in January as imports surged to the highest since mid-2019. The gap in trade of goods...
By Brendan Murray (Bloomberg) — A surge of imports into the U.S. economy shows little sign of slowing down, clogging American ports and highlighting ways the pandemic is still causing imbalances...
By Eric Martin and Jenny Leonard (Bloomberg) — President Joe Biden’s nominee for trade chief called on China to live up to the commitments in its trade pact with the U.S. — the...
By Eric Martin (Bloomberg) — The U.S. last year posted its biggest annual trade deficit since 2008 as the global health crisis depressed export markets for American companies. The gap in...
By Jenny Leonard and Josh Wingrove (Bloomberg) — The Biden administration has former President Donald Trump’s so-called phase-one trade deal with China “under review” along with the rest of the U.S....
By Bloomberg News – U.S. President Donald Trump famously tweeted that “trade wars were good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China....
WASHINGTON, Nov 2 (Reuters) – U.S. President Donald Trump’s “America First” trade policy torched a 70-year consensus on trade liberalization, drew a harder line against China’s state-driven economic model and...
By Bloomberg News (Bloomberg) — China is cementing its status as the world’s dominant trading nation, confounding warnings that a once in a century pandemic combined with simmering tensions with...
By Bryce Baschuk (Bloomberg) — The World Trade Organization undercut the main justification for President Donald Trump’s trade war against China, saying that American tariffs on Chinese goods violate international...
The Port of Long Beach had its best August in its 109-year history, marking a strong start to the peaking shipping season despite lingering economic uncertainty due to the COVID-19...
By Bloomberg News (Bloomberg) — The U.S. and China reaffirmed their commitment to the phase-one trade deal in a biannual review, demonstrating a willingness to cooperate even as tensions rise...
More than 776,000 fewer twenty-foot equivalent cargo containers moved across the docks at the Port of Los Angeles in the first half of 2020 compared to last year due to...
By Brendan Murray (Bloomberg) — Just as the U.S. president urges American companies to ditch China, many of them can’t get more of China fast enough. Consider the voyage of...
By Mike Wackett (The Loadstar) – 2M partners Maersk and MSC have extended the suspension of their TA4/NEUATL4 transatlantic loop through to September. The service, which deploys five vessels with...
WASHINGTON, June 22 (Reuters) – White House trade adviser Peter Navarro on Monday walked back on his earlier remarks that the U.S.-China trade pact was “over,” stoking volatility in markets...
By Ana Monteiro (Bloomberg) –U.S. trade in goods and services plunged in April to the lowest level in almost a decade as the Covid-19 pandemic stifled demand and hindered logistics....
By Eric Martin (Bloomberg) –The U.S. trade war with China cut $1.7 trillion from the market value of listed American firms and will reduce their investment growth rate by almost...
By David Lawder and Andrea Shalal WASHINGTON, March 13 (Reuters) – The Trump administration is not considering broad relief from import tariffs on Chinese goods to ease economic pain from...
By Brendan Murray (Bloomberg) — Longshoremen hold a revered place in economic and political history — from the docks of London and South Africa to Southern California. They’re on the front line...
By Richard Clough (Bloomberg) — The shipping industry will remain volatile for most of 2020 as the coronavirus outbreak in China upends the global supply chain, said the head of the...
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