April 13, 2005 |
Surging oil prices and Chinese textile imports helped boost the U.S. trade deficit to a record $61 billion in February, the Commerce Department reported Tuesday, suggesting that economic growth this year wasn't as robust as previously believed. The report calls for tougher curbs on Chinese clothing imports and for Beijing to stop undervaluing its currency, which critics say gives its exports an unfair advantage in global markets. Some analysts said the deficit primarily reflected a strong U.S.
April 2, 2005 |
Chinese exports of hosiery, cotton trousers and knit shirts to the U.S. surged last quarter, according to a rushed release Friday of Commerce Department data meant to help U.S. companies petition for caps on Chinese imports. Cotton dress imports rose 259% in the first quarter from the first three months of 2004, the Commerce Department said. Pajama imports increased 52%, and cotton trouser shipments were more than 15 times what they were last year.
January 12, 2005 |
Surging exports helped push China's trade surplus to a six-year high of $32 billion in 2004, the Chinese government reported Tuesday. December's trade surplus of $11.1 billion, the eighth straight month of surplus, was up 92.7% compared with the same month in 2003, the Ministry of Commerce said. China's exports rose 35.4% in 2004 from a year earlier to $593.4 billion, while imports climbed 36% to $561.4 billion, the ministry said, citing customs statistics. The $32-billion surplus was up 25.
August 15, 2003 |
Exports from California dipped 2.5% in the second quarter as shipments of technology goods continued their long slide, according to trade statistics released Thursday. Computers and electronics -- the state's No. 1 export merchandise -- declined for the 10th straight quarter to $8.6 billion.
November 20, 2002 |
California's exports slid more than 8% in the third quarter, led by continued steep declines in shipments of technology equipment, according to trade statistics released Tuesday. For the three months ended in September, California exports totaled $22.9 billion, down from $25 billion in the same period a year earlier. Government trade statistics compiled by the Massachusetts Institute for Social and Economic Research showed that the year-to-date decline is even worse.
June 10, 2002 |
International trade moving through the Los Angeles area is expected to increase by a modest 3.6% to $220.2 billion in 2002, reflecting a sluggish economic recovery, according to a forecast being released today by the Los Angeles Economic Development Corp. That's still well below the record $230 billion in 2000, but it would be an improvement over last year, when a slowing economy and the Sept. 11 tragedy saw two-way trade slide 7.6%.
June 4, 2002 |
Imports through the ports of Los Angeles and Long Beach jumped in April amid concern about possible labor unrest next month. Imports through the Port of Los Angeles increased 22% in April from a year earlier; they rose 13% at the Port of Long Beach, the ports reported, as talks between ocean carriers and West Coast dockworkers entered a fourth week. Three years ago, longshore workers at both ports slowed down operations when the two sides failed to reach an agreement in time. The rise in imports at the nation's two busiest container ports came in part because importers are taking precautions against a possible work slowdown, said Robin Lanier, executive director of the West Coast Waterfront Coalition, an industry organization.
August 19, 2001 |
California's robust export trade has inspired frequent flights of chauvinism in Sacramento, where politicians of both parties enjoy reveling in the conceit that, were it something it's not (i.e., a separate country), the Golden State would be the world's fifth-largest economy. California exports reportedly rose 13.2%, to $30.
August 11, 2001 |
The Commerce Department said Friday that it will slap a 19% import duty on billions of dollars worth of softwood lumber from Canada, a decision that prompted a protest from the Canadian government. The wood is used extensively in the construction of houses and home remodeling. American home builders, who want a free flow of cheap lumber, immediately protested the move, saying the duty will mean higher prices on new homes. But U.S.
May 18, 2001 |
Imports through the ports of Los Angeles and Long Beach were little changed in April from a year ago. Exports fell at Long Beach and rose at Los Angeles. Led by clothing, toys and shoes, shipments arriving at the Port of Long Beach increased 0.9% last month to 202,600 containers. Imports to the Port of Los Angeles fell 0.3% to 210,700 containers. April marked the sixth consecutive month that exports from Long Beach declined. Outbound shipments fell 16% to 76,600.