"The combination of slower growth in US demand, solid growth in overseas economies, and a declining dollar has been pulling the trade deficit lower as exports have outstripped imports," said Nigel Gault, a US economist at Global Insight.
Treasury Secretary Henry Paulson elevated the safety of imported goods to the top of his agenda in Beijing as he tries to convince Americans of the benefits of trade with China. He may also find the issue an easier sell to China than a stronger yuan,
In reality, so-called "protective tarrifs protects no one. They actually harm the domestic industries that they are intended to help. Indeed, in the long run, everybody loses when the free market is restricted and when individuals and companie
At last--A children's toy from China without lead. --DIYers also at risk.
What would Mao do? Ground-breaking ceremonies were held in Mexico a few days ago for North America's first Chinese car plant.
With such mal-distribution of wealth around the world and so many individuals starving and/or living in squalor while others live in opulence beyond imagination, one might concede that capitalism and the free market is all about one wins and one lose
We hear about the evil of "Big Oil". But one industry has a much higher profit margin than Big Oil: Big Sugar. U.S. consumers pay much higher prices for sugar--and every food item that takes processed sugar--than they would have to if Big S
In a country filled with complacent and apathetic citizens, it’s easy to look past one of the greatest issues of unconstitutionality and pseudo-conservative hypocrisy thatEntered By: No One
(So much for free enterprise) By a nearly two-to-one margin, Republican voters believe free trade is bad for the US economy. Also, 60% of respondents said they want the next president and Congress to continue cutting taxes, 32% said it's time f
The White House was not amused by the antics of an Australian comedy group that breached President Bush’s security in Sydney. 11 members had been charged with entering a restricted area in a fake motorcade decked out with Canadian flags.
According to Webster’s Dictionary an entrepreneur is one who organizes, manages, and undertakes the risk of a business enterprise. The significance of the entrepreneur cannot be overstated. If it were not for entrepreneurs every single 21st century
Some Mexican trucks will be allowed to carry cargo anywhere in the United States as soon as a federal inspector general certifies safety and inspection plans, the Bush administration announced.
In a first for an online travel company, Travelocity.com has been fined by federal regulators for booking trips between the U.S. and Cuba in violation of a 45-year-old embargo. Travelocity.com earlier this month paid $182,750 to settle a complain
U.S. congressional rejection of a free trade agreement with South Korea would deliver a severe blow to U.S. standing in Asia, a top U.S. trade official said. "If we succumb to protectionism within our own borders and allow KORUS (Korea-U.S free
Globalists often label those of us who resist their schemes as “isolationist.” Yet it is the globalists themselves who promote policies that isolate our nation from the rest of the world.
Because some people who vocally oppose amnesty are supportive of the war, the ideological connection between support of the war and amnesty is often masked. If there is a single word explaining the reasons why we continue to fight unpopular wars and
Called "splash and dash," "touch and go," or an unfair trade practice, it features biofuels traders who exploit a US tax credit, European drivers who get cheaper diesel fuel, and American taxpayers, who are footing the bill.
North Korean-made soju liquor is about to go on sale in the United States for the first time despite Washington's trade restrictions with the communist state, a news report said.
World Trade Organization chief Pascal Lamy urged the US Congress to extend special presidential trade powers to advance the stalled Doha Round of global trade talks.
(Unintended govt consequences. You can't fool Mother Nature or the Free Market) "In a bid to solve one problem, we risk creating another, and making things worse. Rainforest destruction is a major contributory factor in global warming and
A spurt of US trade sanctions on China has raised the prospect of an all-out trade war but experts believe cool heads will prevail as the stakes are simply too high for the two powers.
Si no entendemos la agresiva transición que vive el mundo hoy día, es porque realmente no queremos. Hace miles de años, nadie imaginó las consecuencias de la Revolución de la agricultura, pero las últimas 500 generaciones nos heredaron capacidades y
TONY BLAIR is to make a dramatic, last-minute intervention in the row over a new transatlantic aviation pact. He is expected to ask George Bush for special concessions for Britain ahead of a European vote on the “open-skies” agreement.
Pemex is in trouble. Its production and proven reserves are falling, and it has no money to reverse the slide. Mexico is the second-largest supplier of imported oil to the US, after Canada, but its total exports are slipping. Mexico may have trouble
[and he is so happy to be in Latinia] Taunted by leftist President Hugo Chavez of Venezuela, President Bush on Friday insisted the United States is not neglecting Latin America and celebrated an alternative-fuels pact with Brazil as proof.
South Korea's foreign ministry on Sunday expressed regret over US lawmakers' push for opening the local car market in ongoing free trade agreement negotiations.
The failure of Edsel and the new Coke demonstrate that private individuals and companies cannot make the public do whatever it wants. The continued existence of the Post Office, foreign aid, and corporate welfare prove that government officials thro
Worries about the dark side of free trade are surfacing in the US in ways that could affect the course of globalization worldwide. Don't expect an outright retreat from global commerce just yet, but it is becoming more likely that the US will act
Japan has confirmed it will join in a US complaint against China at the World Trade Organisation over Beijing's industrial subsidies. "We are planning to participate in the complaint as a third-party country," trade minister Akira A
President Bush will urge Congress to renew his "fast track" authority to negotiate trade deals, that allows Bush to negotiate trade agreements that Congress must approve or reject within a short period of time without making any changes.