June 12, 2008 |
China's overall trade surplus shrank 10% in May from a year earlier, though its contentious gaps with the United States and Europe continued to expand -- suggesting more trade tensions ahead. Meanwhile, the government also reported Wednesday that China's index for producer prices, an indicator of inflation, jumped 8.2% in May, the fastest rise in more than three years, thanks to higher costs for oil and other raw materials compared with a year earlier.
March 12, 2008 |
The United States' trade deficit grew larger in January as imports -- including crude-oil prices -- zoomed to all-time highs. The latest snapshot of trade activity, reported by the Commerce Department on Tuesday, showed that the country's trade gap increased to $58.2 billion. That was up from a trade shortfall of $57.9 billion in December and was the highest since November. Imports of goods and services climbed to a record high of $206.4 billion in January. The United States' voracious appetite for imported crude oil, with prices skyrocketing to the loftiest on record, figured into the increasing demand for overall imports.
February 15, 2008 |
The U.S. trade deficit shrank more than forecast in December and showed the first annual drop since 2001 as the faltering economy eroded demand for imported autos and consumer goods. The gap narrowed 6.9% from November to $58.8 billion, the Commerce Department said Thursday. Imports fell 1.1%, and exports rose 1.5%.
February 7, 2008 |
The Commerce Department on Wednesday set preliminary anti-dumping duties of as much as 210% on millions of off-road tires from China that it said were being sold in the United States at unfairly low prices. The tires were the sixth Chinese product to be hit with U.S. anti-dumping duties since the start of the year. The others include nails, certain steel pipe, a teeth-whitening ingredient and laminated woven sacks used to package items such as dog food and bird seed.
December 12, 2007 |
November was another banner month for Chinese exports, bringing the country's trade surplus with the rest of the world for this year to a record $238 billion, officials said Tuesday. Last month, China's exports totaled $117.6 billion and imports $91.3 billion, according to Chinese customs statistics. The resulting $26.3-billion surplus was the third-highest monthly figure on record.
November 13, 2007 |
China on Monday posted a record monthly trade surplus for October, but the total was smaller than expected, suggesting that policies to restrain exports and promote imports might finally be having an effect. The figures will be a relief to the Chinese authorities, who are under growing pressure from the United States and the European Union to reduce the imbalance. The surplus came in at $27.05 billion, surpassing the record of $26.9 billion set in June. It also topped September's $23.