trade

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China Tops US in Global Trade

Chinese end America's post-war trading dominance

(Newser) - Hello, empire? China announced that it has surpassed the US in at least one economic category, becoming the world's top trading nation in goods. China says that last year its combined imports and exports barely edged out America's, $3.87 trillion to $3.82 trillion, the Guardian reports....

Obama Files Trade Complaint Against China

Accuses Romney's companies of being 'pioneers in outsourcing'

(Newser) - Barack Obama launched a trade enforcement case against China today, arguing that it had unfairly subsidized its automobile exports—and he didn’t hesitate to make political hay of it. As he announced the policy in Ohio, Obama took a swipe at Bain Capital's record on outsourcing, the New ...

Yankees Trade for Ichiro
 Yankees Trade 
 for Ichiro 
Jul 23, 2012 6:09 PM CDT

Yankees Trade for Ichiro

Seattle Mariners give up star outfielder for two pitchers

(Newser) - The New York Yankees have acquired star outfielder Ichiro Suzuki from the Seattle Mariners in a trade for two pitchers. The Yankees also got cash in the deal that sent right-handers DJ Mitchell and Danny Farquhar to the Mariners. The trade was announced a few hours before the Yankees played...

Time to Upgrade Trade With Russia
 Time to 
 Upgrade 
 Trade With 
 Russia 
hillary clinton
Jun 20, 2012 1:24 PM CDT

Time to Upgrade Trade With Russia

Hillary Clinton: Congress must ditch outdated amendment

(Newser) - With Russia finally due to enter the World Trade Organization, Hillary Clinton is urging the US to take a hard look at its own trade policy. A 1970s law currently prevents us from normal trade with Moscow, but at this point, that legislation is hurting only us. The Jackson-Vanik amendment...

Obama Files Trade Complaint Against China

Says it's trying to 'skirt the rules' when it comes to rare-earth minerals

(Newser) - The US, Japan, and the European Union filed a joint complaint against China with the World Trade Organization today over Beijing's limits on rare-earth mineral exports, which they say violate China's international agreements. In a speech in the Rose Garden, President Obama accused China of "skirting the...

Don't Kid Yourself, Tea Party: Elites Are Still In Charge

Washington knows which side its bread is buttered on, Dana Milbank writes

(Newser) - The supposedly tea-stained House of Representatives passed three free trade bills yesterday, despite ample polling data showing that Tea Party voters are strongly opposed to free trade. It’s just further proof, writes Dana Milbank of the Washington Post , that “for all the talk of populist foment,” from...

China Threatens 'Trade War' Over Senate Bill

Bill would place tariff on countries that depress their currencies

(Newser) - A senior Chinese official warned today that the US is in for a “trade war” if it enacts a Senate bill that would punish China for artificially keeping its currency low. The bill “in no way represents the reality of the economic and trade relationship between China and...

China Overtakes Germany as World's Largest Exporter

Rebound to spur calls for currency revaluation

(Newser) - China's exports rose 17.7% in December, ending a 13-month drop in trade and stealing the title of 'world's largest exporter' from Germany. The year-on-year surge is seen as a sign that China's hard-hit manufacturers have made it through the financial storm. But it's not all good news for China,...

How Australia Dodged the Recession

How one country ducked the economic downturn

(Newser) - Australia has weathered the financial crisis better than any other developed country. Last week its central bank raised interest rates, indicating its primary concern is now inflation, not growth. What were the keys? Phil Dobbie of BNET explains:
  • Befriending China: Australia used to export much of what it made to
...

Phillies Strike Deal for Cliff Lee

Indians trade away 2008 Cy Young winner

(Newser) - The Phillies will get pitcher Cliff Lee from the Cleveland Indians, Fox Sports reports. In return for the 2008 Cy Young winner and outfielder Ben Francisco, Philadelphia will trade Jason Knapp, Carlos Carrasco, Jason Donald and Lou Marson to the Indians.

Only Trade Can Rescue World Economy: Brown
Only Trade Can Rescue World Economy: Brown
OPINION
May 28, 2009 8:35 AM CDT

Only Trade Can Rescue World Economy: Brown

'A banking crisis has become a trade crisis,' writes British PM

(Newser) - The banking crisis has stabilized, according to Gordon Brown, but a new calamity has replaced it: "a trade crisis" that is killing jobs in industrialized nations and exacerbating poverty in developing ones. Globalization has compounded the downturn, but it can also accelerate the pickup, the British PM writes in...

Mexico Slaps US With Tariff
 Mexico Slaps US With Tariff 
Mar 17, 2009 1:00 AM CDT

Mexico Slaps US With Tariff

(Newser) - Mexico said yesterday it will increase tariffs on about 90 US products in retaliation for last week's decision to end a pilot program that allowed some Mexican trucks to transport goods in the United States. The measure will affect about $2.4 billion in trade involving goods from 40 states....

New White House Tougher on Trading Partners

Trade nominee vows renegotiated pacts, tougher enforcement

(Newser) - The Obama administration is taking a harder line with trading partners, reworking policy to  emphasize priorities from unemployment at home to climate change, the Washington Post reports. The White House will seek to renegotiate trade deals with South Korea and Colombia and will demand broad concessions from other countries at...

Commerce Nom Locke a Rock Star in China

As Washington state governor, he cultivated deep trade ties

(Newser) - The third time was the charm for China—at least in terms of President Obama's picks to head the Commerce Department, reports the New York Times. Former Washington Gov. Gary Locke, to be introduced today as the administration's latest nominee, brings a reputation for pragmatism, a scandal-free resume, and deep...

Falcons Move to Trade Vick
 Falcons Move to Trade Vick 
Feb 13, 2009 3:13 PM CST

Falcons Move to Trade Vick

Imprisoned QB's contract extends until 2013

(Newser) - The Falcons are looking to trade Michael Vick, the Atlanta Journal-Constitution reports. His contract runs through 2013 and includes a base salary of $9 million, sweetened with a $6.43 million 2009 bonus. But with Vick in prison on dogfighting charges and rookie Matt Ryan having led the team to...

What Embargo? HP Printers Find Their Way to Iran

Company skirts US law with help from overseas distributor

(Newser) - HP printers have become top-sellers in Tehran, despite a 13-year embargo against US companies doing business with Iran, the Boston Globe reports. An Indian-owned distributor sells HP products in Iran, enabling it to skirt American law. But questions remain: If HP execs cut the deal with Redington Gulf knowing their...

Pakistan Moves to Mend Fences With India

Zadari extends olive branch, proposes economic union

(Newser) - Pakistan has proposed an economic pact and a general détente with India, marking the country’s friendliest overture in decades, the Financial Times reports. Asif Ali Zardari promised not to use his nuclear first-strike capabilities, a departure from Pakistan’s official policy, and offered to join India in a...

Powell Will Pass on Cabinet Post

I'll step aside for new leaders, former State chief says

(Newser) - Colin Powell doesn’t want a job in Barack Obama’s “historic” administration, preferring instead to see a new generation of leaders. “Why? I've done it,” Powell told the Wall Street Journal today in Hong Kong. The Bush-era secretary of State, who endorsed Obama last month, also...

Our Economic Cure? Innovation
 Our Economic Cure? Innovation 
OPINION
Sep 14, 2008 1:37 PM CDT

Our Economic Cure? Innovation

Innovation, and making it more efficient, can turn gray skies blue

(Newser) - Democrats and Republicans do have something in common: Both parties are wrong on how to resuscitate the flat-lining US economy, Michael Mandel argues in BusinessWeek. Tax cuts or increased government spending aren’t the cure. “Innovation is the best—and maybe the only—way the US can get out...

As Darfur Starves, Sudan Exports Staples

Exports crops to rich nations, still gets aid

(Newser) - As the UN trucks in food to millions of starving people in Darfur, Sudan is exporting important staple crops to other nations, the New York Times reports. Critics charge the government profits on big agribusiness while receiving more free food in aid than any other nation in the world. But...

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