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US Trade Deficit

We Are in Danger of Losing Our Country's Assets

Michele Nash-Hoff | Posted 04.11.2014 | Business
Michele Nash-Hoff

We Americans blithely ignore the long-term effects of allowing foreign corporations to purchase the assets of our country in the form of companies, land, and resources.

Why the Trans-Pacific Partnership Would Hurt American Manufacturers

Michele Nash-Hoff | Posted 07.02.2013 | Business
Michele Nash-Hoff

The TPP treaty would exacerbate our trade deficit problem and make it even harder for American manufacturers to compete in the global marketplace.

"Lame Duck" Congress Should Pass These Two Important Bills

Michele Nash-Hoff | Posted 01.12.2013 | Business
Michele Nash-Hoff

While the focus of the "Lame Duck" Congress will be to keep us from falling off the cliff of financial ruin from reaching the debt ceiling and sequestration, there are two bills passed by one body of Congress but not the other that should be passed.

How New Parents Can Bring Back 'Made in the USA'

Gary Osborne | Posted 01.07.2013 | Small Business
Gary Osborne

The presidential election is over, but the campaign's number one issue, jobs, lingers on. In today's economy, a huge part of that issue has been the question of how we can return manufacturing jobs to the United States.

An Inflation Inflection and the Best Trillion We Shouldn't Spend

Robin Koerner | Posted 10.12.2012 | Politics
Robin Koerner

Since the government is only taking in about 57 cents in tax revenue for every dollar it spends (as it is currently doing while running its huge public deficit), why aren't we seeing all that massive inflation as this new government-spending-created money sloshes around the private sector?

Obama Task Force Aims To Ensure China Plays By Trade Rules

Reuters | Posted 04.29.2012 | Business

* USTR Kirk to select director of new interagency team * Unit will draw on resources from across government * Reports ra...

U.S. Trade Gap Narrowest In Months, As Imports From China Hit Record High

Posted 12.09.2011 | Business

The U.S. trade deficit narrowed in October to its lowest in 10 months, but imports from China hit a record high, a government report showed on Fri...

China Trade: Another Chapter in the 2000s Weak Jobs Story

Jared Bernstein | Posted 01.03.2012 | Business
Jared Bernstein

2011-11-03-bernbernbernberndkfjkd.jpgDid U.S. employment growth slow in the 2000s due to an acceleration in Chinese imports after their entry into the WTO in 2001?

States Losing The Most Jobs To China

24/7 Wall St. | Charles B. Stockdale, Douglas A. McIntyre | Posted 11.22.2011 | Business

From 24/7 Wall St.: China is taking American jobs, labor unions, politicians and economists, have accused for some time. The logic is simple. While a ...

U.S. Exports Reach All-Time High

AP | MARTIN CRUTSINGER | Posted 11.08.2011 | Business

WASHINGTON — A record level of exports and a drop in oil prices narrowed the U.S. trade deficit in July to its lowest point in three months. The...

Why Buying "Made in America" Makes a Real Difference.

Judy Shapiro | Posted 10.24.2011 | Business
Judy Shapiro

Here's a grabber headline from Thestreet.com: "Tackle Trade Deficit to Create Jobs" which goes on to unambiguously to explain that: "Halving the nearl...

Words Can't Magic Away the Trade Deficit

Ian Fletcher | Posted 09.20.2011 | Politics
Ian Fletcher

One recurring delusion in the controversy over America's free-trade-induced trade mess is the idea that our gigantic trade deficit, which fluctuates around $500 billion a year, somehow "doesn't matter."

Dave Jamieson

WATCH: Violence, Potential Job Losses Hang Over Colombia Free Trade Agreement

HuffingtonPost.com | Dave Jamieson | Posted 09.19.2011 | Business

WASHINGTON -- As U.S. lawmakers inch closer to enacting a long-stalled free trade agreement with Colombia, the deal's proponents have cited the safer ...

The American Manufacturing Crisis and Why it Matters

Ian Fletcher | Posted 07.26.2011 | Business
Ian Fletcher

Our trade deficit is going to be balanced, the hard way or the easy way, eventually. And it will be essentially impossible for the U.S. to balance its trade without healthy manufacturing exports. Unless, of course, we are willing to reduce our standard of living.

U.S. Exports Most Goods, Services In Nearly Two Decades

AP | CHRISTOPHER S. RUGABER | Posted 07.11.2011 | Business

WASHINGTON — U.S. companies in March sold the most goods and services overseas in nearly two decades. But a big jump in oil prices pushed the na...

Both Imports And Exports Fell In February

Posted 06.12.2011 | Business

WASHINGTON (By Doug Palmer) - The trade deficit shrank in February as imports fell more than exports, according to a government report on Tuesday ...

Trade Deficit Widens On Oil Spike; Jobless Claims Up

Posted 05.25.2011 | Business

(AP) A surge in oil prices helped push imports up at the fastest pace in 18 years in January, giving the country the largest trade deficit in six mont...

March Madness: Washington Forgets About Jobs

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

Politicians aren't fools, so they talk constantly about jobs. Republicans have been taught to "finish the sentence," to end every recommendation with the phrase "to create jobs." Cut spending to create jobs. Cut support for jobs programs to create jobs. It's time to put aside the talking points: cutting spending costs jobs.

Currency Revaluation Won't Fix America's Trade Mess

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

It is sometimes suggested that our trade problems (job losses, international indebtedness) will go away on their own once currency values adjust. Bott...

U.S. Manufacturing 'Red Hot'? Dream On

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Forget raw-materials exports saving us. That idea drowns in the ocean of foreign crude oil we suck in every year--which causes us to run a deficit, not a surplus, in this sector.

Trade Solutions That Won't Work

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

If we are to understand the true scope of our problem and frame solutions that will work, these false hopes must be debunked forthwith.

Yes We Can! (Fix Our Trade Mess)

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

It's an utter mistake to think America is this big helpless giant with respect to its trade problems. The solutions are out there if we would but avail ourselves of them.

American Manufacturing Slowly Rotting Away: How Industries Die

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

Losing positions in key technologies means that whatever brilliant innovations Americans may dream up, large-scale commercialization of those innovations will increasingly take place abroad.

The Biggest Bubble of All Has Yet to Pop

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

While a rich nation can indeed borrow a huge amount of money and has a lot of assets to sell off, this doesn't mean Santa has installed an ATM on every street corner. Which is what a lot of people seem to think.

America's Trade Deficit Is, Too, Real Money

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Let's get back to first principles and carefully review why America's trade deficit represents real money and is therefore a real problem.