Tag: Trade deficit

Barack Obama Canada currency revaluation economic slowdown exchange rate exports financial crisis 2008-2009 food exports food prices foreign exchange foreign trade Hillary Clinton imports international monetary labor unions Teamsters trade U.S. Congress U.S. economy U.S. food supply U.S. trade US trade deficit Yuan rate

First-Quarter Trade Deficit Highlights China’s Delicate Balancing Act

A variety of reasons have culminated to create a$1.02 billion trade deficit for China for the first quarter of 2011. The last time a first quarter trade deficit was recorded was 2004. Issues such as seasonal factors,  spikes in oil prices, greater technological imports, yuan appreciation and increasingly expensive global commodities have all contributed to this occurrence. From Forbes: China’s General Ad