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trade deficit News

Trump boasted about false trade deficit with Canada

President Donald Trump, speaking at a fundraiser in Missouri on Wednesday recounted to his audience how he made up information about the U.S. having a trade deficit with Canada, according to an audio recording of the private event.

Trade deficit in Trump’s first year soars to $566 billion

Washington - The U.S. trade deficit in 2017 rose to the highest levels since 2008, hitting $566 billion, and complicating efforts by President Trump to fulfill his vow to reduce the gap.

Alaska gets China backing for liquid natural gas project

A liquid natural gas deal between China and Alaska was announced Thursday, just one among the $250 billion in U.S.-China deals unveiled this week during President Donald Trump’s visit to Beijing.

Op-Ed: Another strong jobs report; DJIA up 369.96 points

But today’s jobs report signals that rates won’t stay low for long. And that means higher mortgage rates, higher credit for auto loans and credit cards, and all manner of debt. And it is coming sooner rather than later.

Op-Ed: U.S. economic slowdown ahead

Officially joining the 0 percent bond club, the U.S. Treasury sold a new government security on Monday containing a three-month maturity and a yield of zero for the first time on record.

Study: Buy Chinese and you support Americans

A new study released by the Federal Reserve Bank of San Francisco shows that when Americans buy products labeled "Made in China" 55 cents on the dollar goes to people in the United States.

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