Tag: Trade
China’s Exports Slowdown
China announced on Saturday a brake on exports of May compared with the previous month, and the fall in exports, new indicators of the delicate situation of the second economy in the world. In May, the country’s exports only increased by 1% to 182,800 million, due to weak domestic demand and the difficulties of the [...]
The Nominated U.S. Trade Representative hHighlights China
Michael Froman, nominated by President Barack Obama to be his trade representative, said today that China is the “most important element of the trade agenda” U.S. and recognized the need for an international approach to the Asian giant. During a hearing of the Senate Finance Committee to consider the appointment, Froman defended the work of [...]
China Strikes Back at the European Union Trade Dispute
China struck back Wednesday at Brussels by the tariffs imposed on Chinese solar panels with the opening of an investigation by ‘dumping’ wines from the European Union, which has led to the French president, François Hollande, to ask 27 close ranks to the trade dispute which is prepared between two of the largest markets in [...]
The U.S. trade deficit worsens in April
The U.S. trade deficit worsened in April as a result of increased imports, according to data released Tuesday by the Commerce Department. The negative balance of trade stood at 40,300 million, 8.5% more than in March, when it was reduced by 15.2%, in line with analysts’ forecasts for April, which estimated at 41,000 million . [...]
Mexico’s trade balance deficit in April was USD 1,225 million
Mexico’s trade balance in April had a deficit of $ 1,225 million, compared with a surplus of $ 419 million recorded in the same month of 2012, reported Monday the National Institute of Statistics and Informatics (INEGI). “In the first four months of this year the trade balance showed a deficit of 2,247 million dollars,” [...]
Toyota considers suspending production at its largest assembly plant in China
Toyota plans to suspend production next week at its largest assembly plant in China, according to a Japanese newspaper on Tuesday, due to decreased demand for Japanese cars because of a territorial dispute between the two countries. Toyota, the largest automaker in the world in the first half of 2012, announced that it will suspend [...]
Spain signs an agreement to expedite the export of olives to the U.S.
Secretary of State for Trade, Jaime García-Legaz, closed in the U.S. today an agreement to ensure and facilitate the access of Spanish olives to the United States has said the senior official told Efe. At a meeting in Washington with Edward Avalos, under secretary of agriculture, García-Legaz got a commitment for the system of inspections [...]
