trade deficit

Trade Deficits: The Cause of Our Economic Troubles

Armen Hareyan — Sat, 03 May 2008 11:12:54 -0500

Many of the most serious economic problems facing the U.S. today are the result of the trade deficits of the past 2½ decades which exploded from $96.2 billion in 1996 to $708 billion in 2007, equivalent to the output (value-added) of 6.4 million industrial workers. Nor are they disappearing. In February, 2008, the trade deficit amounted to $62.3 billion and the decline in manufacturing employment was 52,000.

General Motors Posts Record Losses

seher — Tue, 12 Feb 2008 12:23:02 -0600

The U.S. automotive company General Motors is reporting its largest annual loss.

Trade Deficit Decreases

Alla — Sat, 09 Jun 2007 02:00:31 -0500

The Commerce Department reported that American Trade deficit sharply decreased to $58.5 billion, as the export figures reached the highest records in April. The decrease totaled to a 6.2 percent compared to March figures.

India Trade Deficit Doubled Due to Expensive Oil

Anastvatz — Wed, 06 Jun 2007 23:40:54 -0500

Indias trade deficit nearly doubled in April, the first month of the financial year, from a year ago as costs for imported oil jumped, the government said in a statement Sunday, June 3rd.

US Treasury Secretary Says Currency Flexibility in China's Interest

Dinka — Thu, 03 May 2007 11:20:44 -0500

At a Washington conference Wednesday on economic relations between China and the United States, U.S. Treasury Secretary Henry Paulson said a market-determined, more flexible exchange rate of the yuan is very much in China's interest. VOA's Barry Wood reports Paulson also discussed some of the financial issues U.S. and Chinese negotiators will be discussing later this month.

Exchange rates have little impact on UK export levels

harminka — Sat, 14 Apr 2007 12:43:27 -0500

Changes in exchange rates: Ã‚Â· make little difference to a firm's decision to start or stop exporting Ã‚Â· make no difference at all to level of exports of multi-national firms Ã‚Â· make some difference to domestic UK firms - but have modest impact on exports.

Finance Experts Criticize China's Currency Policy

Dinka — Fri, 23 Feb 2007 10:38:39 -0600