South Korea said Tuesday that it will halt all Iranian oil imports from the start of July in response to a European Union insurance ban on tankers carrying crude from Iran.
China's trade surplus jumped in April as imports and exports both further decelerated, renewing fears of a harder than expected landing for the world's second-biggest economy.
Former Israeli Prime minister Ehud Olmert tells Christiane Amanpour that military action against Iran is a last resort.
Iran is accepting renminbi for some of the crude oil it supplies to China, industry executives in Beijing and Kuwait and Dubai-based bankers said, partly as a consequence of US sanctions aimed at limiting Tehran's nuclear programme.
At a news conference, President Obama says Iran has little time left to negotiate the conditions of its nuclear program.
China, South Korea and Japan dramatically cut their oil imports from Iran in February following intense US efforts to persuade Asian buyers to comply with Washington sanctions on Iran's central bank.
Chinese central bank officials have suggested the renminbi is no longer significantly undervalued after six years of gradual appreciation, citing the country's large trade deficit in February.
China shocked the world this weekend when it announced its largest trade deficit in more than two decades.
China's trade deficit hit $31.5bn in February as exports slumped, underscoring concerns about slowing global demand and cooling growth in the world's second-largest economy.
Japan posts its first trade deficit since 1980. CNN's Kyung Lah puts it in perspective from Tokyo.
Japan -- battered by a strong yen, slowing global demand and increased oil and gas imports due to last year's Fukushima nuclear disaster -- posted a record trade deficit of $18.7 billion in January, according to official figures released Monday.
Chinese imports fell sharply in January, a sign of sluggish domestic demand that will fuel concerns about whether the fragile global economy can count on China as a bastion of growth.
Japan has posted an annual trade deficit for the first time since 1980 after a year of struggling to adjust to a strong yen, a eurozone crisis and the impact of natural disasters.
Japan is prepared to gradually reduce the amount of oil it imports from Iran, Finance Minister Jun Azumi said Thursday, as the United States seeks to muster international support to put fresh pressure on Tehran over its nuclear program.
China's president, Hu Jintao, on Sunday pledged an "even more active" opening up of the country's economy and a renewed commitment to free trade as he sought to respond to concerns over apparent reform fatigue in Beijing and a deteriorating global economy.
The gap between U.S. exports and imports narrowed in July to $44.8 billion, according to a government report, which was much better than the $51.1 billion expected.
China's trade surplus continued to grow in June, even as the export powerhouse's manufacturing sector slowed slightly.
The U.S. trade deficit widened in May to the largest level in more than 2-1/2 years, as exports slowed during an economic soft patch, and imports picked up along with higher oil prices.
Benjamin Pedley of HSBC Private Bank discusses rising inflation in China and the risk of a hard landing for Beijing.
CNN's Becky Anderson shows the Hamburg port, which gets approximately 7000 shipping containers a year passing through.
The gap between U.S. exports and imports narrowed slightly in April, as Japan's earthquake weighed on the global auto supply chain, according to a government report.
Surging oil prices drove the U.S. trade deficit further into the red in March, according to government data released Wednesday.
The earthquake and tsunami that devastated Japan last month also had a major impact on the country's trade balance.
The U.S. trade gap narrowed in February, as both exports and imports declined during the month.
For the first time in seven years, China reported a quarterly trade deficit, as imports soared to an all-time high.
The U.S. trade deficit widened to a five-month high in January, as imports surged across a variety of sectors, far outpacing exports.
In an unexpected development, China on Thursday reported a $7.3 billion trade deficit in February as imports soared and exports rose only slightly.
U.S. stocks were poised to follow overseas markets lower Thursday, after China reported a surprise trade deficit and Spain's credit rating was lowered one notch.
The U.S. trade gap widened to a three-month high in December, driven largely by rising commodities prices.
Real estate mogul Donald Trump told hundreds of conservative activists Thursday, that if he was president, he would take in "hundreds of billions from countries that are screwing us."
In what has become a sore point for other major world economies, China still exports far more goods and services than it imports.
The U.S. trade gap was little changed in November, and is still deep in the red, the government said Thursday.
Stocks rose Friday, with the S&P 500 closing at a 2-year high, as investors welcomed some upbeat economic news and a dividend hike by General Electric.
The trade deficit in the United States narrowed, according to the latest monthly data out Friday, though America's largest trading partner, China, still exports far more than it brings in.
U.S. stocks were poised to open slightly higher Friday, as investors digested the latest data on China's trade surplus and U.S. trade gap, and awaited an update from Washington on the Obama-GOP tax cut deal.
The high standard of living most Americans enjoy could be at risk. And the looming danger is caused by two little words -- "global imbalances."
Accusations of currency manipulation are causing tension, and world leaders are hoping the contentious topic won't turn this week's G-20 gathering in Seoul into an all-out global brouhaha.
As global leaders prepare to debate international trade imbalances this week, both the U.S. and China announced data that points to a continued trade disparity between the world's two largest economies.
Investors react to a interest rate hike by the People's Bank of China. CNN's Stan Grant reports.
The U.S. trade gap widened to $46.3 billion in August, driven by a record-breaking deficit with its largest trading partner China.
CNNMoney: Stocks set to advanceupdated: Wed Oct 13 2010 09:17:00
U.S. stocks were headed for gains Wednesday, driven by strong earnings from Intel and JPMorgan Chase as well as increased consumer confidence from the Chinese trade report.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
U.S. exports to China remained surprisingly resilient throughout the recession, holding steady last year while dropping nearly 20% to the rest of the world.
China reveals extensive details of its investments in U.S. companies and funds. CNN's Eunice Yoon reports.
The U.S. International Trade Commission voted unanimously Wednesday to impose new tariffs on imports of Chinese steel piping.
As President Obama completes his trip to China, it's a natural time to ask if trade with the greatest source of U.S. imports is a good thing or bad thing for the still battered U.S. economy
In Guangzhou, China, CNN's Eunice Yoon speaks with U.S. Commerce Secretary Gary Locke about U.S.-China trade relations.
Trying to decipher where President Obama really stands on free trade can be like trying to trace the U.S.-Mexico border with a Google map. There are words, and there are actions - but there is mostly that long squiggly line in between.
The nation's trade deficit narrowed 9.7% in January, shrinking to its smallest gap in 6 years, according to government data released Friday.
Some fear that the protectionist trend spreading across the globe could escalate into a growth killing global trade war.
President Obama takes his first foreign trip Thursday, but domestic politics will loom large as he tackles the explosive issue of protectionism in a meeting with Canadian Prime Minister Stephen Harper, the leader of the United States' largest trade partner.
The heated war of words over "Buy American" laws may be nearing a truce in Congress, but there are still fears among critics that it could spark a new global trade war.
The gap between the nation's imports and exports narrowed in December to a six-year low, according to a government report Wednesday. The gap for the year turned sharply lower and marked the second straight year of shrinking annual trade deficits.
The nation's trade deficit narrowed sharply in November, to the lowest level in 5 years, reflecting the sharp drop in the price of imported oil, according to a government report released Tuesday.
The trade deficit rose unexpectedly in October as U.S. exports plummeted, according to a government report released Thursday.
The U.S. trade deficit eased in September as imports of crude oil dropped and economic weakness worldwide curbed exports.
CNN's John Vause has the breakdown of China's massive almost $600 billion stimulus plan.
CNN's John Vause reports consumers appear to be buying Chinese milk, but questions remain about food safety.
The U.S. trade deficit edged down slightly in August, reflecting a drop in foreign oil from record levels
Record oil prices sent the trade deficit to a 16-month high in July, according to a government report released Thursday that also showed signs of economic weakness.
The U.S. trade deficit contracted in June, according to a government report released Tuesday, surprising economists who expected an increase.
The dollar continued to barrel to new multi-month highs against the euro and the pound in tandem with oil's drop
High oil prices helped to expand the nation's trade deficit more than expected in April, reaching levels not seen in over a year, according to a government report released Tuesday.
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending
The nation's trade gap narrowed in March, as a weakened U.S. economy led to the sharpest decline in Americans' demand for foreign imports in more than six years, according to a government report released Friday.
The trade deficit rose in February, contrary to an expected decrease, according to a government report Thursday.
The trade deficit widened in January, although the increase was smaller than expected, according to a government report Tuesday.
The gap between the nation's imports and exports narrowed in December, according to a government report Thursday, leaving the gap for the year sharply lower and ending a five-year streak of record annual trade deficits.
The U.S. trade deficit widened in October, coming in above Wall Street's expectations, as higher oil prices and a continued increase in Chinese imports fueled the gap, according to the government's latest reading.
TheStreet.com's Daniel Harrison discusses the mood on Wall Street after Monday's rebound of U.S. stocks.
The United States and other countries must work together to right a skewed pattern of trade and investment around the globe, a move that would help worldwide economic stability, Federal Reserve Chairman Ben Bernanke suggested Tuesday.
The gap between imports and exports narrowed slightly in July despite a jump in imports from China, an increase that made that nation the No. 1 source of U.S. imports.
St. Louis Federal Reserve Bank President William Poole said Friday that rising protectionism in the United States was a worry and the Doha round of world trade talks were on the verge of collapse.
The nation's trade gap fell unexpectedly in June, as strong exports more than offset higher oil prices and a rise in imports from China.
China's trade surplus soared 67 percent in July from a year ago to its second-highest monthly level on record, according to data reported Friday, amid mounting pressure by U.S. lawmakers to sanction Beijing over trade and currency disputes
The U.S. trade deficit jumped 6.5 percent to a record $763.6 billion last year as high oil prices and Americans' appetite for foreign-made goods outpaced strong exports.
The nation's trade deficit tumbled in October on lower prices for oil imports, but the gap with China kept growing ahead of a key trip to that country by Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and other top officials.
The midterm elections, which produced the highest voter turnout in more than two decades, resulted in not only the Democratic takeover of both the House and the Senate, but a new political reality that has some free-trade-at-all-cost Republicans writhing in pain.
The trade gap fell on lower oil prices and record exports in September, coming in well below Wall Street forecasts, according to a government report Thursday.
The trade deficit jumped in August to nearly $70 billion, a record for the second straight month, as the nation's appetite for imported goods and costly oil outstripped strong exports, according to government figures released Thursday.
CNNMoney: Trade gap hits recordupdated: Tue Sep 12 2006 08:21:00
Rising oil prices increased the U.S. trade gap in July to a record high, the government reported Tuesday, as the deficit between imports and exports soared above forecasts.
The U.S. trade gap narrowed slightly in June, according to a government report Thursday.
The nation's trade deficit edged only narrowly higher in May despite soaring oil imports, as Americans' appetite for non-energy imports started to show signs of waning and U.S. exports made gains in global markets.
President Bush, answering reporters during a press conference in Chicago Friday, called protectionism a "worrisome" trend and compared it to national isolationism.
The nation's trade gap shrank unexpectedly in March, the government reported Friday, but economists said the improvement was probably temporary.
The U.S. trade gap narrowed in February, the government reported Wednesday, as the latest reading came in much smaller than forecasts.
CNNMoney: Trade gap sets recordupdated: Thu Mar 09 2006 08:26:00
The U.S. trade deficit reached a record level in January, according to a government report Thursday that showed U.S. consumers' appetite for overseas goods continuing to grow.
The nation's trade deficit soared 18 percent to nearly three-quarters of a trillion dollars last year -- the ninth record in the last 10 years -- fueling a growing debate over the risks to the U.S. economy, and American workers, posed by imported goods.
CNNMoney: Trade gap narrowsupdated: Thu Jan 12 2006 08:04:00
Lower oil prices cut the U.S. trade deficit in November from the previous month's record level, according to a government report Thursday that showed a narrower gap between imports and exports than Wall Street estimated.
The United States expects to run a massive trade deficit with China this year of more than $200 billion, despite U.S. exports to China growing 22 percent to about $35 billion.
The U.S. trade deficit soared to record levels in September, according to a government report, as higher oil prices, rising gasoline imports and a fall in exports caused the gap to widen far more than forecasts.
CNNMoney: Trade gap risesupdated: Thu Oct 13 2005 07:57:00
Rising oil prices lifted the U.S. trade deficit in the August, the government reported Thursday, but the gap between the nation's imports and exports was slightly below Wall Street expectations.
CNNMoney: Trade gap narrowsupdated: Tue Sep 13 2005 08:17:00
The trade deficit fell in July despite a sharp rise in the value of oil imports, the government said Tuesday -- a surprise decline that economists said probably wouldn't last.
CNNMoney: Trade gap growsupdated: Fri Aug 12 2005 08:15:00
The U.S. trade gap grew in June, according to a government report Friday that came in wider than Wall Street expectations.
CNNMoney: Trade gap narrowsupdated: Wed Jul 13 2005 08:17:00
The gap between U.S. imports and exports narrowed in May, according to a government report Wednesday that came in smaller than Wall Street forecasts.
CNNMoney: U.S. trade gap widensupdated: Fri Jun 10 2005 07:28:00
The U.S. trade deficit widened in April, the government reported Friday, but the expansion was less than expected.
The U.S. trade deficit shrank a surprising 9.2 percent in March as big declines in Americans' purchases of imported cars and clothing more than offset a jump in oil imports, the government reported Wednesday.
CNNMoney: Trade gap hits recordupdated: Tue Apr 12 2005 08:04:00
Rising oil prices lifted the U.S. trade gap to a record $61.0 billion in February, the government reported Tuesday, as the difference between the nation's imports and exports came in well above Wall Street expectations.
U.S. companies looking for the source of much of the nation's trade gap need only to look in the mirror.
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