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Trade deficit dips to $68.9B with exports up
The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.
Trump jabbed first, and now world hits back in trade fight
The United States attacked first, imposing tariffs on steel and aluminum from around the globe and threatening to hit tens of billions of dollars in Chinese products. Now, the world is punching back.
The Latest: BMW could face big hit from China’s US tariffs
WASHINGTON — The Latest on U.S.-China trade tensions (all times local): 10:35 a.m. Analysts at Sanford C. Bernstein are saying that BMW, Mercedes-Benz and Tesla are the biggest potential losers from higher Chinese tariffs on U.S. auto imports. Bernstein said in a note Wednesday that BMW sends 89,000 vehicles annually from the U.S. to China […]
Legal question of the day: Is a Snuggie a blanket?
The answer could be worth millions of dollars.
Brexit vote shouldn’t dampen Baltimore’s drive to build imports, official says
Britain’s vote to leave the European Union might create some challenges for Baltimore businesses looking to export to the United Kingdom, but an international business expert working with city officials say it will take time to assess the full impact of the historic action. While the United Kingdom is among Baltimore’s top five international trading […]
Maryland seeks to strengthen business ties with South Korea
ANNAPOLIS — Maryland officials have taken another step to help strengthen business ties with South Korea. Lt. Gov. Boyd Rutherford signed a memorandum of understanding Wednesday with Gov. Nam Kyung-pil, of the Gyeonggi Province of South Korea. They are agreeing to work to maximize business opportunities and boost economic opportunities in both places. The South […]
Maritime panel to hold sessions on port congestion
Maritime leaders were told Tuesday that a federal commission is planning a series of meetings on dealing with port congestion that has resulted from a rebounding economy and bigger ships calling at the nation's ports.
U.S. exports rise, but trade deficit edges up
The U.S. trade deficit widened slightly in January as a rise in imports of oil and other foreign goods offset a solid increase in exports.
U.S. says Japan has long way to go to open markets
WASHINGTON — Japan still has a long way to go before it can say its markets are open, the top U.S. trade official said on Friday. Trade Representative Michael Froman said he hopes Japan’s recent entry into the Trans-Pacific Partnership (TPP) free trade negotiations will provide opportunities to tear down those barriers. “I think we […]
Baltimore-area exports set new record
Merchandise exports from the Baltimore-Towson metropolitan area totaled a record $5.8 billion, an increase of 6 percent or $321 million from 2011 to 2012, according to export data from the U.S. Department of Commerce’s International Trade Administration.
U.S. is halfway to Obama 5-year export-doubling goal
WASHINGTON, D.C. — Suddenly outsourcing is on the way out and insourcing on the way in as the U.S. trudges unevenly toward President Barack Obama’s goal of doubling American exports around the world by the start of 2015. So far, export levels are about halfway to his mark. Obama set the five-year target in his […]
Trade gap widens to $44.4B as oil imports rise
WASHINGTON — The U.S. trade deficit widened in January, reflecting a big jump in oil imports and a drop in exports. The Commerce Department said Thursday that the deficit rose to $44.4 billion, an increase of 16.5 percent from December. U.S. exports dropped 1.2 percent to $184.5 billion, reflecting declines in sales to Europe, China, […]
