InfoAnda - US trade gap widens as Chinese imports surge

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Tim Hardaway Jr. powers No. 18 Michigan to 37-16 halftime lead over Towson | 15 November 2011
MLS, NBC agree to three year broadcast deal | 11 August 2011
Michelin's latest western Japan guide lists 60-dollar meals | 20 October 2010

Prem Watsa brings hope to RIM's restless shareholders | | 26 January 2012

Forum Views () Forum Replies ()

Read more with google mobile : US trade gap widens as Chinese imports surge

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap US trade gap widens as Chinese imports surge AFP - Friday, June 11 Send IM Story Print US trade gap widens as Chinese imports surge WASHINGTON (AFP) - – The United States trade deficit expanded a notch in April, led by a surge in goods imports from China, government data showed Thursday amid a rising US outcry over Chinese monetary policy. The US trade gap rose to 40.3 billion dollars from a revised 40.0 billion dollars in March, the Commerce Department said. The reading was smaller than the 41.3 billion dollars expected by most analysts. Both exports and imports slipped by less than one percentage point. April exports dipped to 148.8 billion dollars and imports to 189.1 billion dollars. Trade volumes which had been picking up amid the global economic recovery slowed for the first time in 10 months. The volume of US international trade of goods and services fell by 0.5 percent to 337.9 billion dollars. "Export and import trends are still pointing higher, although the pace of growth is slowing after the big bounce-back in the second half of 2009," said Nigel Gault, chief US economist at IHS Global Insight. Gault noted that steep declines in both export and import volumes "should be viewed as corrections after very sharp increases in March." The politically sensitive US deficit with China expanded by 14.3 percent to 19.3 billion dollars. The trade figures came as China reported its May exports soared 48.5 percent from a year ago, suggesting the US gap may have expanded sharply again last month. US Treasury Secretary Timothy Geithner, meanwhile, criticized China's refusal to allow its currency to appreciate amid pressure from Congress to impose sanctions on the Asian giant. Critics say that China maintains the yuan undervalued to gain an unfair trade advantage. "The distortions caused by China's exchange rate spread far beyond China's borders and are an impediment to the global rebalancing we need," Geithner told a congressional hearing on the US-China economic relationship. The US Business and Industry Council accused President Barack Obama's administration of failing to address China's threat to the economy. "Secretary Geithner and the rest of the Obama administration remain in deep and dangerous denial about the nation's job- and growth-destroying China trade crisis," Alan Tonelson, council research fellow, said in a statement. Petroleum imports dipped to 24.0 billion dollars from 24.5 billion in March. "The stabilization reflects the overall satiation in supply and the 7.1-billion-dollar decline in gasoline consumption," Briefing.com analysts said in a note to clients. They pointed out that "the uneasiness in April's consumption data was confirmed in the trade numbers." Consumer spending, which accounts for about 70 percent of US economic activity, was flat in April after six months of gains as consumers worried about high unemployment and the fragile recovery from recession. Ian Shepherdson at High Frequency Economics said the trade rebound appeared to be slowing and would dampen second-quarter growth in gross domestic product, the country's output of goods and services. "At this point it is too soon to take a firm view of the likely impact of trade on second-quarter GDP, but for now we guess it will be a modest drag on growth." The US trade deficit with Canada, its largest trading partner, widened 35.2 percent to 2.94 billion dollars. The gap with Mexico, the second-largest export destination and third-largest import source, narrowed 11.9 percent to 5.3 billion dollars. The gap with Japan, the world's second-largest economy, declined 9.4 percent to 4.8 billion dollars. The deficit narrowed sharply with the 16-nation eurozone, falling 29.3 percent to 4.8 billion dollars. Recommend Send IM Story Print News Search Top Stories Rescue underway for missing US sailor, 16: reports US pressure on BP sends share price tumbling US trade gap widens as Chinese imports surge BP shares slide on oil spill fallout Blackhawks snap NHL's longest Stanley Cup drought More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Abu Dhabi to build 'world's largest' solar plant British students given 'sexy high-heel lessons' Costner touts technology for Gulf spill cleanup Finland slips back into surprise recession BP shares slide on oil spill fallout More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Friday, 11 June 2010
Defiant Iran could downgrade ties with UN atomic watchdog
Putin visits France amid warship row
China gets tough on World Cup gambling
Ex-workmate slams Kerviel's 'stratospheric' trades
Google drops background images on homepage amid outcry
US trade gap widens as Chinese imports surge
Dozens of Chinese websites warned over porn: state media
Grisly Afghan attack claims 40 lives, raises fear
Abbas: Hope eroding for two-state Mideast solution |
Serbians flock en masse to online rich list
Iraqi Shi'ite blocs announce merger |
China reverses stance with Iran sanctions support
Swiss national Goeldi freed from Libya jail-lawyer |
China wants more dialogue on Iran nuclear issue
Slums, displaced show challenges for Colombia leader |
Japan fail to get boost after being held by Zimbabwe
China, Russia seek new Iran nuclear talks
US drone strike kills three in Pakistan: officials
US fears for Myanmar refugees ahead of polls
US official: Fair Myanmar vote a must for refugees
Kewell fit and "up for" German battle
Australia pull out of 2018 World Cup bid
China's currency policy dampening global reforms: US
Thai PM reopens probe into Thaksin's 'war on drugs'
Blatter joins Twitterati in time for World Cup |
China trade surplus soars in May on export boom
Global markets surge on upbeat growth prospects
Nigerian villagers face child deaths for gold digging
Egypt to make Alexandria first smoke-free city
China's currency policy threatens global reforms: US
Mandela leads slew of big stars at World Cup opener
Shiseido sees rising labour costs in China
Red, La Cage lead tight race for Tony Awards |
Report details suicide attempt by Larry King's wife |
Edinburgh Fringe grows bigger than ever |
Thousands rock Soweto at World Cup concert |
Shawn Johnson tells court she feared accused stalker |
Iran leader in China after about-face on sanctions
Iran defies sanctions as West plans harsher measures |
Putin visits France amid warship row
Twitter launches own site for World Cup
Rescue under way for missing US sailor, 16
FBI opens probe into hack of AT&T website
BP chairman summoned to Obama meeting over oil spill
Kyrgyzstan says 17 killed, 201 wounded in riots |
Katy Perry Earns Second #1 With "California Gurls"
US more than doubles oil leak estimate
Twitter buys Web analytics firm
Abbas: Hope eroding for two-state Mideast solution |
Colombia's Santos has strong lead for runoff: poll |
"Girl With The Dragon Tattoo" Coming To DVD
Obama Congratulates Aquino As New Philippine Leader
Japan PM warns of eventual default if debt not fixed |
Guantanamo Prisoners Focus of Habeas Report Released By Former FBI Director
Army Secretary Axes Arlington Cemetery Officials Over Burial Anomalies
Heads dumped in Guatemala capital |
Dell Announces Settlement Talks With SEC Over Intel Relationship
On the brink of extinction, tigers need man as never before
Mandela relative's death clouds Cup start |
BREAKING NEWS: Indian Team Completes “Access” To Mumbai Terror Suspect David Headley
U.S. Markets Rise On Foreign Growth Prospects
Calderon demands probe of U.S. border deaths |
"Glee" To Debut Clothing, Games, Books And More This Fall
U.S. Senate Threatens China With Economic Sanctions Over Trade Imbalance
Hope for two-state solution 'beginning to erode': Abbas
Obama urges support for Iranian 'freedom'
Mexican president demands US probe of teen's death
Rare photo of slave children found in NC attic
Missing US yacht girl found safe in Indian Ocean
Minimum and maximum temperatures in Celsius
US casino cheat knows all the tricks of the trade
China police bust huge counterfeit ring
FBI begins probe into AT&T iPad security breach |
Chinese man convicted for selling son on Internet
Iran's Ahmadinejad blasts nuclear powers on China visit
U.S. industry eyes win in IT trade case versus EU |
News
Honda says two China plants to resume production
Britain's Standard Chartered lists in Mumbai
'US drone strike kills 3 militants in Pakistan'
China's inflation outstrips government target
Taiwan court cuts ex president's jail term
Japan PM: 'risk of collapse' from debt mountain
New Japan govt's corporate tax cut plans: minister
North Korea eye toppling mighty Brazil
US: China currency policy threatens global reforms
Japanese minister to resign over postal reform
Fujitsu, Toshiba to merge mobile operations
Designer from Nepal who cracked New York
India April factory production jumps 17.6 percent
India April industrial production surged 17.6 pct
US casino cheating expert knows all the tricks of the trade
Designer from Nepal who cracked New York
And the winner is... Zulu sangoma reveals all
Scotland tops list for lifestyle health risks: study
Fourth Twilight film will be split in two |
Rare exhibition of homosexual art opens in Warsaw
Obama Congratulates Aquino As New Philippine Leader
Taiwan pulls movies from Shanghai festival
How much does movie marketing matter? |
U.S. Teen Sailor In Solo Circumnavigation Bid Lost At Sea
Special Report: Guy Hands, Citigroup and the fight for EMI |
Army Secretary Axes Arlington Cemetery Officials Over Burial Anomalies
Oldest Leather Shoe Found In Armenia Is 5,500 Years Old
Katy Perry heats up U.S. singles chart |
‘No Parking’ Sign Goes Up In Front Of Park Car Ticketed Driver To Dispute Fine In Court
Woman Having Sex On Picnic Table Charged With Adultery, Public Lewdness
World Cup poses a challenge for studios |
Joan Rivers documentary provides laughs, poignancy |
US Silent Films Come Home From New Zealand
Texas Principal Fired For Child Neglect
Karate Kid and A-Team updates duel at box office |
Study: Personality Shown To Predict Fertility
Carpenters lead guitarist Tony Peluso dies |
Files Released In Roethlisberger Sex Assault Investigation
Bomb kills 9 in Afghan south: provincial official
Pope begs forgiveness for 'abuse of the little ones'
Aborigines to view Japanese spacecraft on landing
2 US troops, 11 Afghan civilians killed in south
Iraq suicide bomb kills 2 U.S. soldiers, 3 Iraqis |
Kyrgyzstan imposes emergency as clashes kill 37
Ahmadinejad calls UN resolution 'worthless paper'
Ahmadinejad blasts US, says Israel is 'doomed'
Katy Perry Earns Second #1 With "California Gurls"
Obama has made 'big mistake' with Iran: Ahmadinejad
Ahmadinejad calls resolution 'worthless paper'
Iran slams US after China about-face on sanctions
U.S., NATO urge patience with slow Afghan progress |
9 Afghan civilians killed by mine blast in south
9 Afghan civilians killed in mine blast
Iceland passes gay marriage law in unanimous vote |
Somali pirates free British-flagged ship |
Iran says U.S. kidnaps, illegally detains Iranians |
Pope begs forgiveness for sexual abuse scandal |
Attack on military convoy injures 14 in east Turkey |
China sentences school attacker to death
Sudanese killers of US envoy 'escape from prison'
Police in China's Xinjiang hold anti-riot exercise
Conflict seen between 2 deals for 9/11 responders
S.Korea, Russia probe rocket failure
Farm Worker Pleads Not Guilty To 12 Animal Abuse Counts
Interview: Bill Clinton to Dems, 'Never give up'
Actress Ashley Judd Invites Obama To Witness “Rape Of Appalachia”
Japanese minister resigns over vexed postal issue
CT Man Trapped Under Furnace Nearly Amputates Own Arm In Escape Bid
Botox Found To Ease Pain Of Nerve Disorder
Federal Agents Seize Imported Chinese Honey
Murder Trial Of Former BART Officer Begins
S.Korea to brief UN on ship sinking
Summit Officially Splits "Breaking Dawn" Into 2 Films
Wall Street rally pushes Asian markets higher
"Look Who's Talking" To Make Nick At Nite Debut
Motorola, RIM end licensing dispute |
India's industrial output up 17.6 percent
Reliance Ind. pays $1B for India broadband winner
India to make Bollywood Hitler movie
Reliance Industries pays $1 billion for Infotel
UK hip-hop on verge of breaking U.S. :Diddy |
Rapper Dr. Dre loses claims against former label |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01