October 12, 2007 |
The weak dollar produced economic benefits in August as U.S. exports rose sharply, helping shrink the country's trade deficit to its smallest size since January, the government reported Thursday. Economists had been expecting for months that the cheap dollar, which in recent weeks has traded at record lows against the euro, would spur exports, said Gary Hufbauer, an economist with the Peterson Institute for International Economics. A weak dollar can help U.S.
June 22, 2005 |
China said Tuesday that it planned to launch a quota system to check its booming exports of textiles, a mechanism to help implement a deal reached with the European Union this month that eased trade friction. China canceled export quotas at the start of January as part of a global move to end textile quotas. But surges in textile and clothing exports upset the European Union and the United States, which sought to impose safeguards.
January 16, 2005 |
As a poor nation struggling to compete in an increasingly globalized economy, Cambodia has little to offer factory owner Leon Hsu. Electricity is erratic. Traffic along the road to the port of Sihanoukville includes the occasional elephant. If a truckload of men's shirts doesn't reach the port on time, it may be days before another vessel departs for Singapore, where goods are transferred to a larger ship for the voyage to the United States.
September 2, 2004 |
U.S. textile and apparel makers stepped up their fight against cheap foreign goods on Wednesday, announcing plans to ask the Bush administration to restrict imports of dozens of categories of Chinese apparel and textile products. The manufacturers want the U.S. government to impose restraints based on the "threat" that imports of Chinese-made T-shirts, khaki pants, towels and other products will surge after global quotas on apparel and textile products are removed at the end of this year. U.S.
November 11, 1999 |
President Clinton sought Wednesday to rev up consensus among factory workers in favor of global commerce, as his administration enters potentially pivotal negotiations with China and the opening of controversial talks to lower international trade barriers. At the same Harley-Davidson motorcycle factory here 12 years ago, a very different president, Ronald Reagan, delivered much the same message.
March 30, 1998 |
OPEC has promised a sweeping global deal to slash oil production and rescue the collapsed market, but now it has to show it means business. "This is the last-chance saloon," said Leo Drollas, chief economist at the Center for Global Energy Studies in London. "If they don't produce a credible agreement, I think they will be consigned to oblivion, forever. No one will believe they can do anything, even in a crisis."