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Keyword: tradedeficit

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  • Trump to Critics: ‘How Can You Blame China For Taking Advantage of People That Had No Clue?’

    11/10/2017 12:46:31 PM PST · by ForYourChildren · 21 replies
    CNS News ^ | 11/10/2017 | Patrick Goodenough
    President Trump hit back early Friday at critics at home for challenging his comments in Beijing on the massive trade deficit with China, doubling down on blaming not China but past U.S. administrations for the situation. “I don’t blame China,” Trump reiterated on Twitter. “I blame the incompetence of past Admins for allowing China to take advantage of the U.S. on trade leading up to a point where the U.S. is losing $100s of billions,” he continued. “How can you blame China for taking advantage of people that had no clue? I would’ve done same!” The unrepentant Friday morning tweet...
  • Donald Trump: I Blame Previous Presidents for Massive Trade Deficit, Not China

    11/09/2017 11:26:05 AM PST · by ForYourChildren · 58 replies
    Breitbart ^ | 11/09/2017 | Charlie Spiering
    President Donald Trump praised Chinese business leaders during his state visit to China, pointing out frankly that he didn’t blame them for the massive trade deficit with the United States. “I don’t blame China,” Trump said, pointing to estimations that the trade deficit with the United States was as high as $500 billion. “After all, who can blame a country for being able to take advantage of another country for the benefit of its citizens? I give China great credit.” His remarks drew applause from the business leaders in the room. Trump blamed previous presidents of the United States for...
  • After NAFTA: Cumulative U.S. Merchandise Trade Deficit With Mexico Nears $1,000,000,000,000

    01/26/2017 6:47:22 PM PST · by Olog-hai · 33 replies
    Cybercast News Service ^ | January 26, 2017 | 5:57 PM EST | Terence P. Jeffrey
    The cumulative merchandise trade deficit that the United States has run with Mexico in the 23 years since the North American Free Trade Agreement took effect is nearing $1,000,000,000,000, according to data published by the U.S. Census Bureau. In the period from January 1994 through November 2016, according to Census Bureau numbers, the United States ran a cumulative merchandise trade deficit with Mexico of $986,532,000,000. The United States now sends more money to Mexico each year through our bilateral merchandise trade deficit than we spend on our own homeland security through the federal Department of Homeland Security. …
  • How Trump Beat The Best-Funded Political Machine In History

    11/24/2016 2:10:20 PM PST · by rhett october · 18 replies
    Resistance Feed ^ | 11-11-2016 | Rhett October
    The election of Donald Trump caught many by surprise, especially on the left where Democrats watched in shock as the highest funded political campaign in history, that of Hillary Clinton, whose campaign spent an astounding $1.3 Billion, nearly doubling Trump’s at $795 million, lost. Many were stunned that a man who was new to politics and who had been maligned so severely by the media had been elected. Michael Moore, however, seemed to be one of the few outside of Trump and his supporters who saw it coming. As we start this story to help people understand what has happened...
  • $161,025,400,000 Merchandise Trade Deficit With China in First Half of 2016

    08/05/2016 7:35:18 AM PDT · by Olog-hai · 32 replies
    Cybercast News Service ^ | August 5, 2016 | 9:07 AM EDT | Terence P. Jeffrey
    The United States ran a $161,025,400,000 merchandise trade deficit with China through the first six months of 2016 (Janaury through June), according to data released by the U.S. Census Bureau today. That deficit with China was by far the largest the U.S. accumulated with any country in the first half of the year. …
  • US current account trade deficit at highest level in 7 years (... why Trump is doing so well)

    06/17/2016 5:05:18 AM PDT · by cba123 · 2 replies
    Associated Press ^ | Jun. 16, 2016 8:47 AM EDT | By MARTIN CRUTSINGER
    WASHINGTON (AP) — The deficit in the nation's broadest measure of trade increased in the January-March quarter to the highest level in more than seven years. The current account trade deficit jumped 9.9 percent in the first quarter to $124.7 billion, the Commerce Department reported Thursday. It was the biggest gap since a deficit of $152.5 billion in the fourth quarter of 2008, the height of the financial crisis.
  • U.S. Ran $165 Billion Merchandise Trade Deficit in Q1

    05/05/2016 5:53:50 PM PDT · by Olog-hai · 4 replies
    Cybercast News Service ^ | May 5, 2016 | 5:02 PM EDT | Terence P. Jeffrey
    The United States ran a merchandise trade deficit of $165.0623 billion in the first quarter of 2016, which was down slightly from the $165.7159 billion merchandise trade deficit the United States ran in the first quarter of 2015, according to data released Wednesday by the Census Bureau. The U.S. exported $347.5618 billion in goods during the quarter and imported $512.6241 billion. The bilateral merchandise trade deficit with China during the first quarter was $77.9461 billion—by far the largest with any nation. […] The second largest bilateral merchandise trade deficit the United States ran during the quarter was the $16.9356 billion...
  • US trade deficit shrinks as goods imports hit five-year low

    05/04/2016 7:29:22 AM PDT · by reaganaut1 · 11 replies
    Reuters ^ | May 4, 2016
    The U.S. trade deficit fell more than expected in March as imports of goods tumbled to their lowest level since 2010, a potential boost to first-quarter economic growth estimates that also hints at sluggish domestic demand. The Commerce Department said on Tuesday the trade gap fell 13.9 percent to $40.4 billion, the smallest since February 2015, also as exports fell. February's trade deficit was revised slightly down to $46.96 billion from the previously reported $47.1 billion. Economists polled by Reuters had forecast the trade deficit falling to $41.5 billion in March. When adjusted for inflation, the deficit declined to $57.4...
  • U.S. trade deficit widens as exports hit 5-1/2-year low

    03/22/2016 6:09:06 PM PDT · by george76 · 12 replies
    Reuters ^ | 4 March 2016 | Lucia Mutikani
    The U.S. trade deficit widened more than expected in January as a strong dollar and weak global demand helped to push exports to a more than 5-1/2-year low, suggesting trade will continue to weigh on economic growth in the first quarter. The Commerce Department said on Friday the trade gap increased 2.2 percent to $45.7 billion. December's trade deficit was revised up to $44.7 billion from the previously reported $43.4 billion. Exports have declined for four straight months. Economists polled by Reuters had forecast the trade deficit widening to $44.0 billion in January. When adjusted for inflation, the deficit increased...
  • What Trump Doesn’t Understand -- It’s a Lot -- about Our Trade Deficit with China

    01/10/2016 8:20:54 PM PST · by SeekAndFind · 195 replies
    National Review ^ | 01/10/2016 | Kevin Williamson
    Donald Trump exemplifies one of the strange and lamentable dynamics in democratic discourse: People tend to have the strongest opinions on those things about which they have the least knowledge. Herr Apfelstrudelfuhrer imagines himself issuing decrees that presidents have no power to issue, and he doesn't seem to understand that illegal immigration -- his headline issue -- isn't in the main driven by people walking across the Mexican border. He doesn't seem to understand how laws are made or how government money is appropriated. He has, to say the least, a lot to learn. Now he wants to launch a...
  • Economy Contracted 0.7% in First Quarter, Partly Due to Rising Imports

    05/29/2015 9:04:24 AM PDT · by Olog-hai · 21 replies
    Cybercast News Service ^ | May 29, 2015 | 9:48 AM EDT | Ali Meyer
    Initial estimates of positive economic growth in the first quarter of 2015 have now turned negative. The U.S. economy actually shrank in the first quarter of 2015 as real gross domestic product (GDP) declined at an annual rate of 0.7 percent, according to the Obama administration’s second look at the numbers. The 0.7 percent decline in first-quarter real GDP was revised from the previously reported gain of 0.2 percent, which was the advance estimate put out at the end of April by the Commerce Department and the Bureau of Economic Analysis (BEA). Real GDP is adjusted for inflation and represents...
  • US jobless claims down while trade deficit narrows, according to Labor Dept.

    04/02/2015 7:26:39 AM PDT · by SeekAndFind · 8 replies
    CSM ^ | 04/02/2015 | Lucia Mutikani
    WASHINGTON — The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market continues to expand at a solid clip even as economic growth has stalled. Sustained labor market strength supports views that the sharp slowdown in activity is probably temporary. A host of factors ranging from bad weather to a strong dollar has sucked momentum from the economy in the first quarter. Initial claims for state unemployment benefits dropped 20,000 to a seasonally adjusted 268,000 for the week ended March 28, the Labor Department said on Thursday. That was the lowest level...
  • America’s financial standing with rest of world best since 1999

    03/22/2014 10:51:14 PM PDT · by ckilmer · 50 replies
    marketwatch ^ | March 19, 2014, 10:37 AM | Jeffry Bartash
    America’s financial standing with rest of world best since 1999
  • In America, the 'wealthy poor' replace the middle class

    03/21/2014 1:21:34 PM PDT · by SeekAndFind · 26 replies
    Yahoo Finance ^ | 03/21/2014 | Rick Newman
    One phenomenon of the modern economy is affluence that doesn’t feel like it. You work, earn and spend quite a lot, yet it seems you’re getting nowhere. Some new economic analysis helps quantify just how many people might be characterized as the “wealthy poor”— and it’s a surprisingly large chunk of the overall population. A new paper by economists Greg Kaplan and Justin Weidner of Princeton University, and Giovanni Violante of New York University, finds that about 70 million Americans may live in families they describe as “wealthy hand-to-mouth” households. These are families that own assets such as homes, cars,...
  • With oil imports falling, U.S. trade deficit sinks to 4-year low

    01/07/2014 9:53:50 AM PST · by SeekAndFind · 17 replies
    Los Angeles Times ^ | 01/07/2014 | Don Lee
    WASHINGTON — U.S. exports rose to a record high in November, helping to shrink the nation's trade deficit to the lowest in four years. The surprisingly positive trade report Tuesday adds to the upbeat outlook for the economy. With net exports stronger than expected, analysts revised higher their economic growth forecast for the fourth quarter, saying it will likely come in at a solid annual rate of about 3%.
  • Shale Revolution: Trade Deficit Slides

    12/18/2013 8:53:09 PM PST · by ckilmer · 4 replies
    zacks ^ | December 18, 2013 | Zacks Equity Research
    Shale Revolution: Trade Deficit Slides by Zacks Equity Research   Published on December 18, 2013 |In October, the trade deficit declined to $40.3 billion from the upwardly revised figure of $43 billion for the month of September. Particularly notable was the fact that exports of goods and services increased by 1.8% to a record monthly high of $192.7 billion. This was an 18% increase from September figures. On the other hand, imports increased only by 4.5%, to $233.3 billion. Increase in Global Demand The decline in the level of deficit indicates that the global economy has turned the corner. Shipments to...
  • Janet Yellen And The Fed Caught In a Bear (Liquidity) Trap And Why Interest Rates Will Remain Low

    11/24/2013 10:04:06 AM PST · by whitedog57 · 30 replies
    Confounded Interest ^ | 11/24/2013 | Anthony B. Sanders
    The recent confusion from The Fed over the future of quantitative easing (or money printing) can be addressed with a few charts. Here is a chart of real GDP growth PER CAPITA since 1960. Real, of course, indicates that it is Gross Domestic Product adjusted for inflation. Note that Q1 1984 was the peak of real GDP growth … and it has been a steady decline since then. realgdppercap I added the S&P 500 index to the real GDP per capita chart and you can see that the S&P 500 index spikes when real GDP growth is higher than average...
  • Senate Panel Green Lights Janet Yellen for Fed Chief

    11/24/2013 8:32:28 AM PST · by Son House · 11 replies
    Fox News ^ | Nov 21, 2013 | Matt Egan
    Yellen currently serves as vice chairman of the Fed and as a reliable dove would represent continuity with Bernanke. She has consistently supported Bernanke’s easy-money policies and even seems open to more aggressive moves to fight stubbornly-high unemployment. "I consider it imperative that we do what we can to promote a very strong recovery," Yellen said during her confirmation hearing. Yet Senate Majority Leader Harry Reid announced plans on Thursday to enact the so-called "nuclear option," which would change Senate rules to allow him to approve certain motions with a simple majority rather than 60 votes. Yellen, who was among...
  • The Pope and Godless Capitalism (Globalism)

    05/11/2013 4:18:13 AM PDT · by Colonel Kangaroo · 38 replies
    Real Clear Politics ^ | May 3, 2013 | Pat Buchanan
    "This is called slave labor," said Pope Francis. The Holy Father was referring to the $40 a month paid to apparel workers at that eight-story garment factory in Bangladesh that collapsed on top of them, killing more than 400. "Not paying a just wage ... focusing exclusively on the balance books, on financial statements, only looking at personal profit. That goes against God!" The pope is describing the dark side of globalism Why is Bangladesh, after China, the second-largest producer of apparel in the world? Why are there 4,000 garment factories in that impoverished country which, a few decades ago,...
  • TAX IMPORTS: Encourage American manufacturing, and pay off deficit.

    02/03/2013 7:43:15 AM PST · by Cringing Negativism Network · 58 replies
    (just a rant)
    OK sorry for the rant, but here goes. We are running a trade deficit which is unacceptably high. We need to make things in America, yet we import everything from everywhere else.