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Since Donald Trump has made narrowing the American trade gap the signature issue of his presidency, he may not like the recent figures that show the deficit to be widening again, especially with China and Mexico. US President Donald Trump's first year in office saw the US trade gap leap to its highest level in seven years due to record imports. According to the fresh figures released by the US Commerce Department on Tuesday, the annual trade deficit in rose The deficit grew especially strongly in the final month of the year, adding 5.
He has also ratcheted up protectionist rhetoric towards China. Economists said the rise in the US trade deficit was mainly the result of higher demand from consumers and companies, showing that the US economy gathered speed in However, a broadening trade gap could also weigh on future growth as it might indicate a loss of US competitiveness.
For the time being though, it should not provide reason to worry because growing imports went along with rising US exports last year. Total US exports of goods and services in rose 5. Imports rose faster though, climbing 6. Donald Trump's presidency is 1 year old this week. His stunning election victory was heavily influenced by some of the promises he made regarding economic matters. How has he done so far? Washington has vowed to withdraw unless its demands are met.
China and South Korea have accused the US of abusing global trade rules after Donald Trump approved import tariffs on solar panels and washing machines. The move marks the latest salvo of Trump's "America First" agenda.
Iran, trade and defense spending were high on the agenda. Crucial talks aimed at heading off a trade war between China and the US have ended with key differences over tariffs and trade imbalances remaining unresolved. Both sides agreed, however, to keep on talking. In a tweet, Trump threatened consequences for supporters of the rival Moroccan bid.
Too many diesel buses drive through Germany emitting nitrogen oxides. Now transport companies are seeking alternatives. Mexico's new partnership - EU overhauls trade deal with Mexico.
Senior German conservatives want to set up new "values lessons" for refugee children in German schools, according to a newspaper report. The standards are to be held above cultural or religious views. On Monday, Italy's parties will once again try to form a coalition government. The outcome is unclear, but a stable interim government could serve the country better than if populists take over, says Bernd Riegert. Following his election win in March, Vladimir Putin will once again be inaugurated as president of Russia.
Will he continue on his present course? Change it here DW. COM has chosen English as your language setting. COM in 30 languages. News German President Steinmeier notes 'substantial change' in trans-Atlantic ties What to expect from the Russian president's next term Business US trade deficit surges during Trump's first year in office Since Donald Trump has made narrowing the American trade gap the signature issue of his presidency, he may not like the recent figures that show the deficit to be widening again, especially with China and Mexico.
China trade surplus with the US hits record high. Protectionist US trade policies worry emerging nations. Trump's first year Donald Trump's presidency is 1 year old this week. US 'America First' tariffs on washing machines and solar panels anger China, South Korea China and South Korea have accused the US of abusing global trade rules after Donald Trump approved import tariffs on solar panels and washing machines.
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