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Topic: Trade deficit

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	Balance of trade - Wikipedia, the free encyclopedia
		A positive balance of trade is known as a trade surplus and consists of exporting more (in financial capital terms) than one imports.
		A negative balance of trade is known as a trade deficit or, informally, as a trade gap, and consists of importing more than one exports.
		The metaphor of trade as some kind of battle, where surplus countries win and deficit countries lose, ignores the observation that trade is based on regional specialization.
	en.wikipedia.org /wiki/Trade_deficit (775 words)

	America's Maligned and Misunderstood Trade Deficit
		Trade deficits reflect the flow of capital across international borders, flows that are determined by national rates of savings and investment.
		America's $114 billion trade deficit in 1997, and the prospect of a larger deficit in 1998, are not a cause for worry.
		Trade deficits cannot be blamed for unemployment or slower growth, nor are they a sign of unfair trade practices abroad or declining industrial competitiveness at home.
	www.freetrade.org /pubs/pas/tpa-002.html (8263 words)

	National Statistics Online
		This trading is affecting data on exports to both EU and non-EU countries from the beginning of 2004.
		The deficit on trade in goods with the EU in August was £2.5 billion.
		The deficit with non-EU countries widened to £3.2 billon in August from the deficit of £2.6 billon in July.
	www.statistics.gov.uk /cci/nugget.asp?id=199 (369 words)

	ABC News: Trade Deficit Hits Record $665.9B in 2004 (Site not responding. Last check: 2007-11-07)
		WASHINGTON Mar 16, 2005 — The United States deficit in the broadest measure of international trade soared to an all-time high of $665.9 billion in 2004, showing in stark terms the speed with which the country is becoming indebted to the rest of the world.
		The department also noted that the deficit was worsening as the year ended with the shortfall in the fourth quarter hitting a record $187.9 billion, up 13.3 percent from the third quarter deficit.
		The Bush administration contends the soaring trade deficits reflect a U.S. economy that is growing faster than the rest of the world, pushing up imports and dampening demand for U.S. exports.
	abcnews.go.com /Business/wireStory?id=585585 (285 words)

	Trade Ticker - The Web's only up-to-the-second counter for the U.S. Trade Deficit (Site not responding. Last check: 2007-11-07)
		A trade deficit is a calculation of the difference between the goods and services Americans sell to foreigners and the goods and services that Americans purchase from foreigners.
		A trade deficit with one country or in one year is not necessarily worrisome, and according to standard economic theory, will correct itself over time.
		The enormous size of the trade deficits over the last several years raises the possibility of a severe international economic crisis should foreigners begin to dump the dollars they hold in world currency markets.
	www.americaneconomicalert.org /ticker_home.asp (368 words)

	FTD - Congressional Highlights
		The goods deficit with China increased from $17.7 billion in July to $18.5 billion in August.
		The goods deficit with Canada increased from $6.0 billion in July to $6.7 billion in August.
		The goods deficit with Mexico increased from $3.5 billion in July to $4.2 billion in August.
	www.census.gov /indicator/www/ustrade.html (793 words)

	U.S. Trade Deficit Continues to Climb (washingtonpost.com)
		The U.S. trade deficit widened to $54 billion in August, the second-highest in a string of record monthly trade gaps that shows no sign of abating.
		The importance of the trade gap is a matter of controversy among economists.
		In a trade debate on Oct. 1, Josette Shiner, the deputy U.S. trade representative, cited recently wrung concessions from China and said President Bush revived a trade agenda "that was dead in the water" by launching a new round of global trade talks and striking free-trade deals with a dozen countries.
	www.washingtonpost.com /wp-dyn/articles/A34299-2004Oct15.html (753 words)

	Balance of trade article - Balance of trade money economy exports imports balance payments invisible service - ... (Site not responding. Last check: 2007-11-07)
		Paul Samuelson has argued that the consistent negative balance of trade that exists in the United States is due to high confidence in the United States' currency.
		The Bretton Woods agreement and the institutions founded on it were set up in part to ease trade and payments concerns after World War II.
		These institutions, and the World Trade Organization after it, were and are roundly criticized for the inability of their mechanisms to deal with triple bottom line concerns, or limit the competition to provide pollution credit and deal sanely with agricultural policy.
	www.what-means.com /encyclopedia/Trade_deficit (718 words)

	CBS News \| Record U.S. Trade Deficit In 2003 \| February 13, 2004 09:41:23
		The annual trade deficit reported by the Commerce Department on Friday was 17.1 percent larger than the previous record shortfall of $418 billion posted in 2002.
		The Bush administration believes the best way to handle the mushrooming trade deficits is to get other countries to remove trade barriers and open their markets to U.S. businesses.
		America's trade deficit with Canada last year was a record high $54.4 billion.
	www.cbsnews.com /stories/2004/02/13/national/main600034.shtml (759 words)

	Balance of trade -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-11-07)
		They form part of the (A system of recording all of a country's economic transactions with the rest of the world over a period of one year) balance of payments, which also includes other transactions such as the (Click link for more info and facts about international investment position) international investment position.
		A positive balance of trade is known as a trade surplus and consists of exporting more (in (Click link for more info and facts about financial capital) financial capital terms) than one imports.
		If the balance of trade is positive, then the economy has received more money than it has spent (exported more than it has imported).
	www.absoluteastronomy.com /encyclopedia/b/ba/balance_of_trade.htm (885 words)

	Wall $treet Week with FORTUNE . In the News \| PBS
		Were we to install an IC plan, we might opt for some transition years in which we deliberately ran a relatively small deficit, a step that would enable the world to adjust as we gradually got where we need to be.
		But I believe that in the trade deficit we also have a problem that is going to test all of our abilities to find a solution.
		True, it would reduce our trade deficit to a degree, but not by enough to halt the outflow of our country's net worth and the resulting growth in our investment-income deficit.
	www.pbs.org /wsw/news/fortunearticle_20031026_03.html (3229 words)

	NCPA - Trade Issues - The Meaningless Trade Deficit (Site not responding. Last check: 2007-11-07)
		The trade deficit is essentially a meaningless statistic.
		Yet the trade balance data assume that it makes a difference whether goods or services are produced by a U.S. company domestically, or in one of its foreign offices or plants.
		Large trade deficit figures unfortunately stoke the fires of protectionism and encourage ill-advised policies.
	www.ncpa.org /pd/trade/pd021400a.html (333 words)

	Slate - Everyday Economics - June 26, 1997 (Site not responding. Last check: 2007-11-07)
		A trade deficit is the amount you spend in a given place minus the amount you earn there.
		When the nation's overall trade deficit increases, it means that Americans, on average, are spending more than they are earning.
		That's because excessive trade deficits are self-limiting: If you run a trade deficit every year, bankruptcy will eventually force you to stop.
	www.econ.rochester.edu /eco108/slate/personaltradedeficit.html (896 words)

	Safe Haven \| The Trade Deficit End-Game
		One of my deepest concerns is that the current complacency with the trade deficit which stems from the relative stability of the US economy and markets will lead to an event as dramatic as the fall of the NASDAQ.
		The nominal U.S. trade deficit widened to $58.3 billion in January from December's downward revised $55.7 billion deficit.
		The trade deficit with China widened by $1 billion to $15.2 billion, in part possibly due to a jump in apparel imports following the expiration of quotas.
	www.safehaven.com /article-2728.htm (3740 words)

	U.S. trade gap hits record $48.3 billion in April - Jun. 14, 2004
		The higher deficit is likely to be a drag on second-quarter U.S. economic growth and may prompt some analysts to lower their forecasts.
		The politically charged trade gap with China is expected to set another record in 2004, after reaching $124 billion last year.
		The trade gap was affected by a 1.2 percent increase oil prices to $31 a barrel, the highest price in 21 years.
	money.cnn.com /2004/06/14/news/economy/trade (321 words)

	Tariff Reduction & Trade Deficit
		In the first four months, China had an uncommon trade deficit caused mainly by the decrease of the import tariff.
		China's foreign trade had a rapid development in 2003, with a total import and export volume of US$850 billion, rising 37.1 percent compared with that of the year before and accounting for 60 percent of the year's GDP.
		Import tariff cut is not the only reason for trade deficit, but it does make apparent impact on some industries.
	china.org.cn /english/2004/Jun/98049.htm (560 words)

	AlterNet: What About the Trade Deficit?
		The latest projections show that the federal budget deficit could be twice as high in the coming year as previously thought.
		The much-feared federal budget deficit is back in the news; the latest projections show it could be twice as high in the coming year as previously thought.
		Those hurt by the trade deficit -- the majority of workers whose wages are pushed downward, or even worse, those who lose their jobs -- have little voice in the American political system.
	www.alternet.org /story.html?StoryID=13065 (888 words)

	USATODAY.com - Trade deficit widens in August to $59B (Site not responding. Last check: 2007-11-07)
		WASHINGTON (Reuters) — The trade deficit widened 1.8% in August to its third-highest level on record as oil import prices hit a new high and imports of textiles and other goods from China set a record, the government said Thursday.
		U.S. trade officials are in Beijing trying to negotiate an agreement that would stem the flow of clothing imports.
		The United States ran record trade deficits with China, the European Union, OPEC and South and Central American countries in August.
	www.usatoday.com /money/economy/trade/2005-10-13-trade_x.htm (575 words)

	Whiskey Bar: Hard Landing (Site not responding. Last check: 2007-11-07)
		The trade deficit has become a serious drag on domestic growth -- subtracting, on average, about 0.6 percentage points from the quarterly growth rate since the beginning of 2000.
		That is to say, a dollar that remains strong could lead to a hard landing of a different sort, one in which the economic drag created by a deepening trade deficit gradually slows U.S. GDP growth to a standstill, worsening the deflationary pressures that have already dragged us to the edge of the liquidity trap.
		This is especially true when the deficit is caused largely by a reduction in tax revenue as opposed to an increase in spending.
	billmon.org /archives/000418.html (6769 words)

	BBC NEWS \| Business \| US trade deficit swells in June
		Economists said the growing deficit was likely to force the government to revise downwards its forecast of 3% economic growth in the second quarter.
		The deficit rise may increase the pressure on President Bush and his handling of the economy ahead of the Republican Party Convention later this month.
		The country's trade deficit with China widened to a record $14.2bn as Chinese imports rose to a record high.
	news.bbc.co.uk /2/hi/business/3562552.stm (387 words)

	Latest International Trade in Goods and Services News Release
		For the three months ending in July, the average trade deficit was $57.9 billion, reflecting average exports of $106.0 billion and average imports of $163.8 billion.
		Deficits were recorded, in billions of dollars, with China $18.5 ($17.7), Europe $12.8 ($13.1), the European Union $11.3 ($11.2), OPEC $9.0 ($8.9), Canada $6.7 ($6.0), Japan $6.6 ($6.6), Mexico $4.2 ($3.5), Korea $1.3 ($1.0), Taiwan $0.8 ($1.1), and Brazil $0.6 ($0.8).
		The OMB exception, for a period not to exceed six months, was for the sole purpose of providing public release of preliminary monthly trade statistics for the Gulf region.
	www.bea.gov /bea/newsrel/tradnewsrelease.htm (1128 words)

	Trade deficit narrowed in September - Stocks & Economy - MSNBC.com (Site not responding. Last check: 2007-11-07)
		September’s trade deficit represented a 3.7 percent reduction from August.
		The size of the deficit in September turned out to be smaller than the roughly $53 billion or $54 billion deficit that some economists were forecasting.
		The U.S. trade deficit, however, narrowed with Japan in September to $6.1 billion and with Canada — to $5.3 billion.
	www.msnbc.msn.com /id/6450794 (643 words)

	Search Tuna Report for trade deficit (Site not responding. Last check: 2007-11-07)
		not caused by unfair trade practices abroad or declining flows that are determined by national rates of savings tool for reducing a nation's trade deficit.
		The trade deficit, the general decline in profits, and three decades of wage stagnation are linked to the decline in tariffs over the same period....
		Trade Gap Stabilizing and Possibly Falling By ALAN COWELL LONDON Alan Greenspan, the chairman of the Federal Reserve, suggested today that the United States record trade deficit may be poised to stabilize and even decline as a result of market pressures and promised spending restraint by the Bush administration....
	www.searchtuna.com /ftlive2/3239.html (1800 words)

	U.S. International Transactions News Release
		Income The balance on income shifted to a deficit of $0.5 billion in the second quarter from a surplus of $0.6 billion in the first.
		The current-account deficit was revised to $198.7 billion from $195.1 billion.
		The goods deficit was unrevised at $186.3 billion; the services surplus was revised to $13.3 billion from $14.6 billion; the income surplus was revised to $0.6 billion from $3.8 billion; and unilateral current transfers were revised to net outflows of $26.3 billion from $27.1 billion.
	www.bea.gov /bea/newsrel/transnewsrelease.htm (2366 words)

	BBC NEWS \| Business \| US trade deficit widens sharply
		The main catalyst, most economists accept, is the large budget deficit on the one hand, and the current account deficit - the difference between the flow of money in and out of the US - on the other.
		The trade deficit is a large part of the latter.
		Although China's overall trade surplus is expanding, according to Chinese government figures, the Commerce Department revealed the US's deficit with China was $19.6bn in November, down from $19.7bn the month before.
	news.bbc.co.uk /2/hi/business/4169039.stm (449 words)

	US Trade Deficit Going The Wrong Way
		The trade gap shattered the previous record deficit in April of 48.2 billion dollars, and appeared to put the country on the path to an unprecedented annual deficit.
		"In the face of yet another report indicating a record trade deficit, the evidence is building that this administration hasnt come close to doing enough to enforce trade agreements and fight for jobs here at home," Kerry spokesman Phil Singer said in a statement.
		The US deficit could force the government to downgrade its initial estimate of 3.0 percent economic growth in the second quarter of the year, Guatieri said.
	spofga.org /tax/2004/aug/trade_deficit.phtml (1118 words)

	Trade deficit Article, Tradedeficit Information (Site not responding. Last check: 2007-11-07)
		Balance of trade figures are the sum of the money gained by a given economy by selling exports, minus thecost of buying imports.
		Neither is necessarily dangerous inmodern economies, although large trade surpluses or trade deficits may sometimes be a sign of other economic problems.
		PaulSamuelson has argued that the consistent negative balance of trade that exists in the United States is due to high confidencein the United States' currency.
	www.anoca.org /balance/payments/trade_deficit.html (629 words)

	Trade Deficit's Real Meaning
		But the numbers also showed that the deficit declined in the last three months of the year, which may lend credence to Federal Reserve Chairman Alan Greenspan’s worry that the U.S. economy could be slowing.
		Congress could help prevent a severe slowdown by rejecting calls to erect trade barriers that the trade deficit news is likely to generate.
		The figures indicate that the trade deficit reached $369.7 billion last year compared with $265 billion the year before — a 39.5 percent increase.
	www.detnews.com /EDITPAGE/0102/22/1edit/1edit.htm (497 words)

	About That Trade Deficit (Dec 2004)
		If there were no money, there would be no trade deficit.
		running a trade deficit, but it is somewhat likely that our hard currency exports will diminish in the future.
		It is fairly ordinary for us to foresee the decline of a particular export industry. The textile industry, for example, has long been decimated by international competition, but economists don't seem to mind. Why, then, are economists so worried about the hard currency export industry? There are two good reasons and a bad one.
	www.lancelotfinn.com /trade_deficit.htm (384 words)

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