Latest Trade balance News

China imports from US plunge 31% in June amid tariff war

Jul. 12, 2019 11:28 AM EDT

BEIJING (AP) — China's trade with the United States plunged last month as a tariff war battered exporters on both sides of the Pacific Ocean. And there's no letup in sight: Tensions between the world's two biggest economies continue to simmer even though President Donald Trump and his Chinese counterpart,...

US trade deficit rises to 5-month high of $55.5B in May

Jul. 3, 2019 8:44 AM EDT

WASHINGTON (AP) — The U.S. trade deficit rose to a five-month high in May as the politically sensitive imbalances with China and Mexico widened. The Commerce Department said Wednesday that the gap between the goods and services the U.S. sells and what it buys from foreign countries rose 8.4% to $55.5...

US trade deficit rises to 5-month high of $55.5 billion in May; gap grows with Mexico and China

Jul. 3, 2019 8:31 AM EDT
WASHINGTON (AP) — US trade deficit rises to 5-month high of $55.5 billion in May; gap grows with Mexico and China.

AP FACT CHECK: Trump overstates benefits from Mexico tariffs

Jun. 11, 2019 3:58 PM EDT

DETROIT (AP) — President Donald Trump is overstating the benefits of his threatened tariffs on automobiles and parts imported from Mexico while glossing over the likely harm to American consumers of substantially higher prices for new cars. In tweets Tuesday, Trump exaggerated how much of the auto industry...

China's trade surplus soars, as exports unexpectedly edge up

Jun. 10, 2019 2:33 AM EDT

BEIJING (AP) — Chinese exports edged up in May, surprising markets, but analysts say the rebound is likely to be short-lived given higher U.S. tariffs and slowing global growth. China's monthly trade surplus jumped 78% to $41.7 billion, as exports rose 1.1% to $213.8 billion and imports fell 8.5% to $172.2...

US trade deficit smaller in April, but gap with China grew

Jun. 6, 2019 8:43 AM EDT

WASHINGTON (AP) — The U.S. trade deficit shrank in April, but the politically sensitive deficit with China moved higher. The Commerce Department said Thursday that the gap between the goods and services the U.S. buys and those it sells abroad fell 2.1% to $50.8 billion in April from March. Exports fell...

US trade deficit shrinks to $50.8 billion in April, but gap with China rises

Jun. 6, 2019 8:32 AM EDT
WASHINGTON (AP) — US trade deficit shrinks to $50.8 billion in April, but gap with China rises.

Why the US economy may have already peaked for the year

May. 30, 2019 4:36 PM EDT

WASHINGTON (AP) — Enjoy it while it lasts. The U.S. economy grew at a solid 3.1% annual rate in the January-March quarter — a pace that will likely prove to be the high-water mark for the year before growth weakens in the coming months. That's the assessment widely shared by economists in light of...

US does not brand China as currency manipulator

May. 28, 2019 6:53 PM EDT

WASHINGTON (AP) — The Trump administration has again decided not to label China or any other country as a currency manipulator. But in a report to Congress on Tuesday, the administration is keeping China on a list of countries whose trade surpluses with the United States and other indicators are closely...

The Latest: Trump, in Japan, needles US ally over trade

May. 25, 2019 4:38 PM EDT

TOKYO (AP) — The Latest on President Donald Trump's state visit to Japan. (all times local): 12:30 a.m. Sunday President Donald Trump has begun a state visit to Japan by needling the American ally over its trade imbalance with the United States. He jokingly tells business leaders at a reception in Tokyo:...