•   
  •   
W

World US trade deficit soared to record $74.4bn in March

00:10  05 may  2021
00:10  05 may  2021 Source:   aljazeera.com

Spotify founder Daniel Ek 'is serious about buying Arsenal'

  Spotify founder Daniel Ek 'is serious about buying Arsenal' The Spotify founder interest in buying Arsenal off Stan Kroenke is genuine after the Swede declared his interest in owning the Gunners on Friday, according to reports. Arsenal owner Kroenke was the subject of some high-profile angry protests from Gunners supporters outside the stadium ahead of Friday night's Premier League tie with Everton following the club's role in the launch of the now defunct Super League. Billionaire businessman Ek tweeted that he was 'happy to throw my hat in the ring' to become Arsenal's new majority shareholder upon seeing the north London protests which went down well with the Gunners faithful.

The U . S . trade deficit widened to a new record in March as the value of imports surged to a fresh high. The gap in trade of goods and services expanded to $ 74 . 4 billion in March from a revised .5 billion in February, according to Commerce Department data released Tuesday. Freight rates soared after the trade boom late last year caught container producers off guard, sending them scrambling to meet a surge in demand. The blockage of the Suez Canal by a massive container ship upended global trade in March caused further trade complications, stranding some 90 bulk carriers and causing a

The United States recorded a deficit for all of 2020 of 1 billion, the largest annual gap since 2008 as the coronavirus disrupted global commerce and confounded then-President Donald Trump’s “America First” policies. The U . S . economy is recovering much faster than the rest of the world and that is playing Normally, the United States is able to reduce its overall deficit by a larger amount thanks to larger surpluses in services trade . The deficit in goods totaled a record .6 billion in March , up from a March goods deficit of .9 billion. Featured Article: Why do company’s buyback their stock?

The United States trade deficit surged to a record $74.4bn in March as an improving US economy drove purchases of imported foreign goods.

a large ship in the water: The deficit, the gap between what the US buys from abroad and what it sells to other countries, was 5.6 percent greater than the February gap of $70.5bn, the US Commerce Department reported on Tuesday [File: Lynne Sladky/AP Photo] © The deficit, the gap between what the US buys from abroad and what it sells to other countries, was ... The deficit, the gap between what the US buys from abroad and what it sells to other countries, was 5.6 percent greater than the February gap of $70.5bn, the US Commerce Department reported on Tuesday [File: Lynne Sladky/AP Photo]

The deficit, the gap between what the US buys from abroad and what it sells to other countries, was 5.6 percent greater than the February gap of $70.5bn, the Commerce Department reported Tuesday.

The collateral damage of Australia's trade war with China

  The collateral damage of Australia's trade war with China From the barley fields of Western Australia to the lobster trawlers of Hobart, Four Corners shows the human and financial cost of the ongoing trade war with China.More is at stake than exports alone.

The U . S . trade deficit surged to a record $ 74 . 4 billion in March as an improving U . S . economy drove purchases of imported foreign goods. The deficit , the gap between what America buys from abroad and what it sells to other countries, was 5.6% greater than the February gap of .5 billion, the Commerce Department Through the first three months of this year, the U . S . trade deficit totals 2.8 billion, up 64.2% from the deficit during the same period last year, a time when the U . S . economy was essentially shut down by the coronavirus pandemic. The United States recorded a deficit for all of 2020 of 1

WASHINGTON (May 4): The US trade deficit widened to a new record in March , as the value of imports surged to a fresh high. The gap in trade of goods and services expanded to US $ 74 . 4 billion in March from a revised US .5 billion in February, according to Commerce Department data released Tuesday. Freight rates soared after the trade boom late last year caught container producers off guard, sending them scrambling to meet a surge in demand. The blockage of the Suez Canal by a massive container ship upended global trade in March caused further trade complications, stranding

Imports rose 6.3 percent to $274.5bn, while exports increased 6.6 percent to $200bn. The US imports so much more than it exports that in dollar terms, the rise in imports was greater.

The politically sensitive trade deficit with China rose 11.6 percent to $27.7bn which, as usual, was the largest deficit with any single country.

Through the first three months of this year, the US trade deficit totals $212.8bn, up 64.2 percent from the deficit during the same period last year, a time when the US economy was essentially shut down by the coronavirus pandemic.

The US recorded a deficit for all of 2020 of $681bn, the largest annual gap since 2008 as the coronavirus disrupted global commerce and confounded then-President Donald Trump’s “America First” policy.

Economics professor Justin Wolfers says Australia 'failing' as land of the fair go

  Economics professor Justin Wolfers says Australia 'failing' as land of the fair go Economics professor Justin Wolfers says policymakers have not tried for genuine full employment for "40 years" and central banks are not infallible.But there are a few around the world who make people sit up and listen.

The United States recorded a deficit for all of 2020 of 1 billion, the largest annual gap since 2008 as the coronavirus disrupted global commerce and confounded then-President Donald Trump’s “America First” policies. The U . S . economy is recovering much faster than the rest of the world and that is playing out in trade Normally, the United States is able to reduce its overall deficit by a larger amount thanks to larger surpluses in services trade . The deficit in goods totalled a record .6 billion in March , up from a March goods deficit of .9 billion. Martin Crutsinger, The Associated Press.

The U . S . trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals. The trade deficit increased 5.6% to an all-time high of $ 74 . 4 billion in March , the Commerce Department said on Tuesday. Economists polled by Reuters had forecast a .5 billion trade gap in March .

The US economy is recovering much faster than the rest of the world and that is playing out in trade numbers as the gap widens. Americans are starting to spend again, while US exporters are facing sluggish overseas demand in nations slower to recover.

“Stronger US growth compared to trading partners will lead the trade deficit to grow in 2021,” said Oren Klachen, lead US economist. “US domestic demand will keep a strong pull on imports, thanks to improved health conditions, re-openings and historic fiscal expansion.”

During his four years in office, Trump pursued a get-tough trade strategy that employed punitive tariffs on other country’s products as a way of wiping out the US’s trade deficits with the rest of the world and restoring millions of lost manufacturing jobs.

Trump sought to narrow the trade gap by imposing tariffs on imported goods on a scale not seen since the trade wars of the 1930s that contributed to pushing the US and the rest of the world into a Great Depression.

China steps on protecting technology 'fall short': USTR

  China steps on protecting technology 'fall short': USTR China has taken initial steps to improve protection of US know-how under the "Phase One" trade pact, but must go further and implement those measures, the top US trade negotiator said Friday. "However, these steps toward reform require effective implementation and fall short of the full range of fundamental changes needed to improve the IP landscape in China," the official said.China also was the source of most counterfeit goods used to combat the Covid-19 pandemic, including masks and sanitizers, the US Trade Representative said in an annual report on intellectual property protections among 100 US trading partners.

Add post « Trade Deficit Increased to $ 74 . 4 Billion in…» The U . S . Census Bureau and the U . S . Bureau of Economic Analysis announced today that the goods and services deficit was $ 74 . 4 billion in March , up .9 billion from .5 billion in February, revised. March exports were 0.0 billion, .4 billion more than February exports.

United States trade deficit landed at $ 74 . 4 billion in March , up 5.6% compared to February, the country's Census Bureau reported on Tuesday. Exports grew by .4 billion or 6.6% from last month to land at 0 billion, while imports stood at 4.5 billion. The figure was .4 billion or 6.3% higher than in the prior month. The US recorded the biggest surplus in trade with South and Central America (.6 billion), while the largest deficits came from China (.9 billion) and the European Union (.9 billion).

Trump’s efforts failed to alter trade imbalances and angered US allies along with competitors such as China. So far, however, the Biden administration has not rolled back the Trump policies.

Some analysts believe that President Joe Biden is proceeding with caution because reversing all of Trump’s policies could heighten risks for a Democrat who is close to unions. Organised labour has long complained about the US’s pre-Trump free trade policies.

For March, the US’s surplus in services trade, items such as airline flights and consulting fees, shrank to a new decade low of $17.1bn, a drop that analysts blamed on COVID-19 restrictions that have limited tourism. Normally, the US is able to reduce its overall deficit by a larger amount thanks to larger surpluses in services trade.

The deficit in goods totalled a record $91.6bn in March, up from a March goods deficit of $87.9bn.

Australia 'open to dialogue' with China despite new economic hit .
The Federal Government remains open to "dialogue" with China after Beijing announced it was suspending high-level economic links with Canberra. The Chinese government announced today it is suspending all activities under the China-Australia Strategic Economic Dialogue, amid worsening relations between the two countries.Trade Minister Dan Tehan described China's decision as "disappointing" but did not reject moving forward with the $150 billion in two-way trade mechanism.

usr: 1
This is interesting!