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Tag Archives: trade deficit
US Trade Deficit Increases in June
The U.S. goods and services trade deficit was $43.8 billion in June, up $2.9 billion from $40.9 billion in May, according to the Department of Commerce. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, Ken Zino, trade deficit
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Screw US Workers! Trade Policy Fails Again
Imports of auto parts, engines, vehicles through May 2015 increased to $112,315,000, a dismal job-destroying record. May at $29,462,000 was a record as well. Continue reading
U.S. Trade Deficit Soars as Washington Pols Do Nothing
This latest economic disaster came as the overfed, overpaid Washington ruling class bickered about how to pay for debts they already incurred. Simply put, even a Tea Party Republican can or at least should understand that once again, U.S. exports decreased and imports increased in yet another setback for the economy and the unemployed and underemployed. Continue reading
Posted in economy
Tagged autoinformed, autoinformed.com, Ken Zino, tea party, trade deficit, unemployment
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U.S. Trade Deficit Disaster Continues. Auto Industry Hit Hard
The United States’ international trade deficit in goods and services increased to $39.1 billion in July from $34.5 billion in June as exports decreased and imports increased. Imports increased to $228.6 billion in July from $225.1 billion in June. Goods were $191.3 billion in July, up from $187.9 billion in June. Services were $37.3 billion in July, up from $37.2 billion in June. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, Ken Zino, trade deficit
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Korean Trade Deficit Soars under Obama Administration Deal
The U.S. deficit with Korea in autos and auto parts increased 16% during the first year of the FTA. U.S. auto imports from Korea have surged by more than $2.5 billion. Continue reading
Posted in economy, news, news analysis
Tagged autoinformed, autoinformed.com, Ken Zino, Korean fta, trade deficit
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U.S. Wins WTO Dispute with China Over Steel Duties
The United States has prevailed in a World Trade Organization or WTO dispute over China’s imposition of anti-dumping and countervailing duties on flat-rolled electrical steel from the United States. The duties affected a substantial amount of United States trade in U.S. steel products. After talks with the Chinese failed to resolve the matter, the WTO established the panel in March 2011. Continue reading
Posted in litigation, milestones, news, news analysis
Tagged auto informed, autoinformed.com, automotive news, china, Ken Zino, steel tariffs, trade deficit, wto
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U.S. Treasury Says China Continues to Undervalue its Currency
In what will undoubtedly become a Presidential campaign issue next year, as a result of the undervalued renminbi, China continues to increase its global export market share, and it remains heavily dependent on exports. Continue reading
US Trade Deficit Continues at $45 Billion a Month
The drop in imports portends shortages, which could harm both consumer and business spending. The coronavirus epidemic has upset businesses and production in China, with an extension of the Lunar Year holidays cutting output in an effort by the Chinese government to constrain its spread. This likely will be repeated in the US economy as the epidemic spreads here. It’s too soon to see the potential negative effects on the auto industry, but disruptions are likely given China, South Korea and Mexican trade in automotive goods. Continue reading →