Plunging U.S. imports pushed trade deficit to three-year low in November
America's trade deficit continued to tumble in November, hitting its lowest level in three years as imports of crude oil, computers and industrial supplies fell off sharply, the government reported Tuesday. That put the United States on track for the first drop in the annual ...
Japan incurs goods trade deficit in May amid U.S.-China tensions
Japan's goods trade balance logged its first deficit in four months in May on sluggish exports to China amid Beijing's economic friction with the United States, government data showed Wednesday. The deficit stood at ¥967.1 billion ($8.9 billion) with exports dropping 7.8 percent from a ...
U.S. automakers group urges Trump to push harder to open Japanese market
The Trump administration intends to start trade negotiations with Tokyo as early as mid-January, after notifying Congress of its plans in October.
Japan logged goods trade deficit in October thanks to surging energy imports
Japan posted a goods trade deficit in October as rising energy costs led imports to rise at the fastest pace in nearly five years, according to government data released Monday. The trade balance in goods with the rest of the world came to a deficit ...
U.S. trade deficit with Japan not necessarily the bugbear painted by Trump
The protectionist tune on trade that U.S. President Donald Trump often sings is hardly a unique problem for Japanese policymakers who have long faced pressure over Japan's strength in exporting everything from vehicles to video games all over the globe. But often lost in these ...
U.S.-China trade truce may prove fleeting without serious reform
The newly declared economic truce between the U.S. and China will prove temporary if the world's two largest economies fail to deliver on vague commitments to rebalance trade. "We're putting the trade war on hold," said Treasury Secretary Steven Mnuchin on Sunday. "Right now, we ...
China offers Trump $200 billion package to slash U.S. trade deficit: U.S. officials
China has offered U.S. President Donald Trump a package of proposed purchases of American goods and other measures aimed at reducing the U.S. trade deficit with China by some $200 billion a year, U.S. officials familiar with the proposal said. But China's Foreign Ministry on ...
The U.S. goods trade deficit with Japan narrowed 10.5 percent in November from October to $5.76 billion, due partly to smaller imports of automobile parts, the U.S. Commerce Department said. The deficit with China grew 0.6 percent to $35.43 billion, the department said Friday. U.S. President ...
Trump had pressed Abe for immediate tangible results on U.S. trade deficit, sources say
During his recent visit to Japan, U.S. President Donald Trump urged Prime Minister Shinzo Abe to produce tangible results to improve the trade imbalance between the two countries, sources have said. Trump appears to be trying to achieve his election campaign promise of reducing the ...
Japan and the U.S. don't have a trade problem
Japan is a good trade partner and a key source of investment into the U.S. Monetary easing, rather than aggressive jawboning, is the best approach to the imbalances that remain.
METI chief Seko to visit U.S. for talks with Commerce counterpart Ross
Economy, Trade and Industry Minister Hiroshige Seko plans to travel to the United States for talks with Commerce Secretary Wilbur Ross around March 16, sources said Monday. If realized, it will be their first meeting since Ross took office last week. The two are expected ...
U.S. 2016 trade gap with Japan was second-largest; deficit with China is half the total
The U.S. trade deficit in goods with Japan was its second-largest in 2016, totaling $68.94 billion, according to new U.S. government data. The trade gap with China was five times bigger, topping the list at $347.04 billion, the Commerce Department said Tuesday. That was, however, ...
