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U.S. trade deficit posts

U.S. Trade Gap Widens in November

Posted Jan 12th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Before the Bell, Bad News

Do you want the good news (if there is any) or the bad news? Following Alcoa's (AA) earnings disappointment and the warnings from Chevron (CVX) and Electronic Arts (ERTS), the Commerce Department reported that the trade deficit with China widened more than expected during November.

The deficit grew 9.7% in November to $36.4 billion, outpacing the consensus forecast for a deficit of $34.8 billion. Exports increased for the seventh straight month; unfortunately, imports increased at a faster pace during November.

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Growing pains: China's economy reveals costs

Posted Nov 20th 2007 10:53AM by Joseph Lazzaro (RSS feed)
Filed under: International Markets, Other Issues, China, Commodities, Oil, Eastern Europe, Agriculture

So far, China's effort to slow its economy is not working.

China's economy continues to grow at double-digit rates. Commodity and resource utilization remain high, speculative excesses abound, and exports? China's trade surplus keeps soaring, with the United States and Europe incurring rising trade deficits.

The Chinese government announced that over the past 12 months, China's trade deficit with Europe increased an alarming 46% to $135 billion, The New York Times reported. Over the same period, the trade deficit with the United States did not increase as much, in percentage terms, up 18%, but in absolute terms the U.S. still leads the pack with a daunting $162 billion trade deficit.

Surging trade surplus

Further, during the past 12 months, China's overall trade surplus exceeded $250 billion, including a record $27 billion in October 2007.

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