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US deficit to approach $1tn after Trump tax cuts and spending bill: CBO

ThecombinedeffectsofDonaldTrump’staxcutsandlastmonth’sbudget-bustingspendingbillissendingtheUSbudgetdeficittowardthe$1tnmarknextyear,accordingtoanewanalysisbyth

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Did household savings, deficit spending affect US trade deficit?

WhenitcomestosolvingAmerica’stradedeficit,someeconomistssayinsteadofscapegoatingBeijing,theWhiteHouseshouldlookintosomeofitsdeep-seateddomesticproblemsfirst,suc

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Economists say reducing trade deficit not an excuse for trade war

ImposingtariffsonChineseimportswillnotreduceU.S.tradedeficitwithChina,economicexpertstoldXinhuaThursday.ExpertsagreedthatoneofthereasonsforU.S.administration'sd

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China Will Introduce Guidelines to Expand Imports From US

ChinaisdraftingguidelinesonexpandingimportsfromtheU.S.topromotetradebalanceandwillreleaseitsoon,saidGuXueming,directoroftheChineseacademyofinternationaltradeand

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US monthly deficit largest in 6 years

NewTreasuryDepartmentnumbersshowthattheUSgovernmentrackedupa$215billiondeficitinFebruary--thelargestmonthlydeficitinsixyears.Itwasalso$23billionhigherthanthedef

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Japan books first trade deficit in eight months

JapanloggedatradedeficitinJanuary,thefirstnegativefigureineightmonths,asimportsoffossilfueloverwhelmedtherevenuefromexports,governmentdatashowedMonday.Theworld'

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US, South Korea to hold trade talks next week

USandSouthKoreandelegateswillmeetinWashingtononJanuary5fortalksonpossibleamendmentstotheirfreetradeagreement,officialsannouncedThursday.TheTrumpadministrationin

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US: Deficit worries complicate path for Republican tax cuts

UneaseamongRepublicansaboutamassiveincreaseinthefederaldeficitcouldcomplicatepassageoftwotax-cutbillsworkingtheirwaythroughtheUSCongress,endangeringPresidentDon

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EU states agree to end excessive deficit procedure for Greece

EuropeanUnionstatesdecidedonMondaytoclosedisciplinaryproceduresagainstGreeceoveritsexcessivedeficitafterimprovementsinGreece’sfiscalposition,confirmingthecountr

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NAFTA renegotiation to set tone for future U.S. trade talks

AstherenegotiationoftheNorthAmericaFreeTradeAgreement(NAFTA)isunderwayinWashingtonD.C.,otherU.S.tradepartnersarealsowatchingitclosely,whichmightbeatemplateforth

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China managed China-US trade imbalance

TheUSSecretaryofCommercerecentlysaidthatChineseexportstotheUShavetripledinthepast15years,andAmerica'stradedeficitwithChinahasreached309billionUSdollars,becauseo

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US announces plan to renegotiate trade deal with South Korea

The United States is seeking to renegotiate its trade deal with South Korea, Washington said Wednesday.

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The new US envoy is expected to help improve trade ties

BeforelandinginBeijingonWednesdaytoserveasthenewUnitedStatesambassadortoChina,TerryBranstadpostedavideoonlineabouthistoppriorities,whichinclude"solving"thetrade

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The new US envoy is expected to help improve Sino-US trade ties

BeforelandinginBeijingonWednesdaytoserveasthenewUnitedStatesambassadortoChina,TerryBranstadpostedavideoonlineabouthistoppriorities,whichinclude"solving"thetrade

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Textile sector set to suffer trade deficit for 2nd straight year

​South Korea's textile and garment industry is set to suffer a trade deficit for the second consecutive year in 2016 amid an influx of cheap Chinese products, industry data showed Friday.

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NHS financial woes putting strain on Britain's health services

The financial performance of Britain's National Health Service (NHS) has worsened considerably in the past year, a report by the National Audit Office revealed Tuesday.

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Japan returns to trade deficit in May

Japan fell into a trade deficit in May, the first since January, the Finance Ministry said Monday, as renewed yen strength pressured exports.