Trade Deficit

Obama's Home And The Report Is Out: China Takes Us to School

Eric Lotke | Posted 11.19.2009 | World


Eric Lotke

While Obama posed for photos on the Great Wall and talked about a relationship "at an all-time high," China continues to take our lunch money.

Our Jobless Recovery Is Too Slow! More "Stimulus" Spending Isn't the Answer!

Kenneth N. Davis | Posted 11.18.2009 | Politics


Kenneth N. Davis

The seriousness of the lagging jobs recovery and our ballooning trade debt demand that strong corrective action be taken now as a top priority.

Obama's China Trip Ends; Currency, Trade Issues Unresolved

guardian.co.uk | Tania Branigan | Posted 11.18.2009 | Business


Speaking before his meeting today with the Chinese premier, Wen Jiabao, he told reporters that the American relationship with China was deepening beyo...

US-China Relations: Getting Beyond Political Rhetoric

Damien Hoffman | Posted 11.17.2009 | Business


Damien Hoffman

The cold hard truth for U.S. citizens is we must work to create a sustainable economy. We must set our sights on explosive industries such as alternative energy and health technology.

Dollar Falls On News Of Widening Trade Deficit

AP | TALI ARBEL | Posted 11.13.2009 | Business


NEW YORK — The dollar dropped Friday after the government said the trade deficit widened in September, while the 16-nation eurozone officially e...

What Chinese Currency Manipulation Looks Like

Eric Lotke | Posted 11.13.2009 | Business


Eric Lotke

As President Obama packs for China, I thought I'd show him a picture of how China is manipulating its currency.

Perfect Desertion

Sen. Fritz Hollings | Posted 10.29.2009 | Politics


Sen. Fritz Hollings

The politics of the President and the Congress, influenced by the politics of the financial community, brews into the perfect desertion.

Building the New Economy

Scott Paul | Posted 10.23.2009 | Business


Scott Paul

Some of us warned this day would come. We knew an economic strategy predicated on replacing wage growth with debt and credit to maintain a certain standard of living was doomed to fail.

Krugman Is Wrong: Why China Won't Revalue

Zachary Karabell | Posted 10.23.2009 | Business


Zachary Karabell

With China now accounting for nearly $1 trillion of American debt, the U.S. can't simply insist that it do something about its currency and expect action. Geithner has been right in not publicly calling out China.

Out of Afghan, Into Trade War

Sen. Fritz Hollings | Posted 10.22.2009 | World


Sen. Fritz Hollings

Washington obscures the Trade War by calling it globalization. Globalization is nothing more than a trade war with production looking for countries cheaper to produce.

Bernanke Solves the Wrong Deficit

Eric Lotke | Posted 10.21.2009 | Business


Eric Lotke

Ironically, the recession has been good for our trade deficit. We can't buy as much and don't have as much money to spend. But it can't last and we don't want it to.

One Troop

Sen. Fritz Hollings | Posted 11.25.2009 | Politics


Sen. Fritz Hollings

For now, we can solve the problems of our fiscal and trade deficits by eliminating the corporate income tax and replacing it with a 3% value added tax. This actually cuts taxes and raises more revenue.

Steel City: Forgotten but Not Gone

Eric Lotke | Posted 11.23.2009 | Politics


Eric Lotke

The mainstream media needs to stop fetishizing the new economy. We can't eat electronic food or wear electronic clothes. We can't all be consultants forever, and America can't keep spending more than it earns.

When Will They Ever Learn?

Sen. Fritz Hollings | Posted 11.17.2009 | Politics


Sen. Fritz Hollings

In Afghanistan, we're trying to secure a country of 31 million with 64,500 troops -- and think that 20,000 more will do the job. When will we ever learn?

China Tariffs: Beijing Takes Aim At U.S. Auto Parts And Chicken Products

L.A. Times | David Pierson | Posted 11.13.2009 | Business


China fired back against proposed tariffs on Chinese tires imported to the United States by announcing Sunday that an anti-dumping and anti-subsidies ...

July Trade Deficit Climbs 16.3 Percent To $32 Billion

AP | MARTIN CRUTSINGER | Posted 11.10.2009 | Business


WASHINGTON — The U.S. trade deficit shot up in July to the highest level in six months as a surge in shipments of foreign oil and autos pushed i...

Big Deficit, Bob Rubin, and the Strong Dollar

Dean Baker | Posted 11.08.2009 | Business


Dean Baker

Does Robert Rubin know that his strong dollar policy directly contradicts his fixation with low budget deficits? Either he is ignorant of the fundamentals of economics or he is dishonest.

Fomenting a Green Industrial Revolution in the U.S.

Leo W. Gerard | Posted 10.18.2009 | Business


Leo W. Gerard

When the leaders of the G-20 nations arrive in Pittsburgh, I want them to know I am fomenting revolution -- Industrial revolution. Specifically, a 21st-century burgeoning of green manufacturing in the United States.

Good Riddance, Cash for Clunkers

Alan Schram | Posted 09.30.2009 | Business


Alan Schram

Washington is experimenting with bogus stimulus, such as the "cash for clunkers" program. Taxing Peter to subsidize Paul's new car is not a recipe for sound economic growth.

Trade Adjustments and Stimulus Packages in the Global Recession and Recovery

Mark Weisbrot | Posted 08.24.2009 | Business


Mark Weisbrot

Hans Timmer, Director of Economic Forecasting at the World Bank, told the Wall Street Journal that China will lead the world out of this recession. He appears to be correct.

Politics Like Cancer

Sen. Fritz Hollings | Posted 07.19.2009 | Politics


Sen. Fritz Hollings

Politics is like cancer -- if you don't catch it in time, you don't have a chance. If the budget deficits and deficits in jobs from offshoring are not caught now, by 2012 we'll give it back to the Republicans.

Trade, housing data more stable, but still weak

AP | MARTIN CRUTSINGER | Posted 06.12.2009 | Business


WASHINGTON — Despite weak performances in three areas _ trade, home sales and job openings _ the U.S. economy appears closer to stabilizing, tho...

Trade deficit falls for 7th straight month in Feb.

AP | MARTIN CRUTSINGER | Posted 05.10.2009 | Business


WASHINGTON — The U.S. trade deficit plunged unexpectedly in February as the recession pushed imports down for a seventh straight month while exp...

Should We Be Grateful to China for Buying U.S. Treasuries?

Scott Lilly | Posted 05.02.2009 | Politics


Scott Lilly

Read the entire report at AmericanProgress.org. The current economic relationship between the United States and China is perilous for both countries....

US Trade Deficit Fell Sharply In 2008

AP | CHRISTOPHER S. RUGABER | Posted 04.18.2009 | Business


WASHINGTON — The deficit in the broadest measure of U.S. trade fell sharply in 2008 for the second consecutive year, due partly to a larger surp...