World Trade Growth is Expected to Remain Strong
World merchandise trade growth is expected to remain strong in 2018 and 2019 after posting its largest increase in six years in 2017, but continued expansion depends on robust global economic growth and governments pursuing appropriate monetary, fiscal and especially trade policies, WTO economists said. The WTO anticipates merchandise trade volume growth of 4.4% in […]...
Read MoreU.S. Impose Quota on Tariff-Free Brazilian Steel
The U.S. government has proposed a quota for tariff-free imports of Brazilian steel, two Brazilian officials who participated in a U.S.-Brazil meeting told Reuters on Thursday, offering to soften trade barriers after tough talk last month. Tariffs on steel (25%) and aluminum (10%) were suspended for Brazil, South Korea, Argentina, Australia and the European Union […]...
Read MoreChina Increased Tariffs on U.S. Import Products
China has increasedtariffs by up to 25 percent on 128 U.S. import products, from frozen pork and wine to certain fruits and nuts, escalating a dispute between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel. The tariffs, which take effect on April 2, were announced by China’s finance […]...
Read MoreU.S. Trade Deficit Rose to $57.6 billion in February
The U.S. monthly international trade deficit increased from $56.7 billion in January (revised) to $57.6 billion in February according to the U.S. Bureau of Economic Analysis, as imports increased more than exports. The goods deficit increased $0.3 billion in February to $77.0 billion. The services surplus decreased $0.6 billion in February to $19.4 billion. Exports […]...
Read MoreKey Barriers to Digital Trade
Businesses engaged in international trade depend on digital networks to manufacture products, manage global value chains, and provide cutting-edge services. In the 2018 National Trade Estimate (NTE), USTR identified the key barriers to digital trade, a critical element of U.S. competitiveness and a key source of U.S. innovation and growth. The digital trade is under […]...
Read MoreTurkish Export Market Barriers for the U.S.
USTR has released the 2018 National Trade Estimate report to secure Turkish market access for U.S. exporters. This report discusses the Turkish export market trade barriers and other trade distorting practices for the United States and impact on U.S. exporters. The U.S. goods trade surplus with Turkey was $330 million in 2017, a 75.4 percent […]...
Read MoreChina Plans Tariffs on $3 billion of U.S. Exports
The trade conflict between China and the U.S. escalated, with Beijing announcing its first retaliation against metals levies hours after President Donald Trump outlined fresh tariffs on $50 billion of Chinese imports and pledged there’s more on the way. China plans for reciprocal tariffs on $3 billion of U.S. exports to China, which include fruit, […]...
Read MoreTop U.S. Agricultural Exports in 2017
In 2017, US agricultural exports reached $138.4 billion. The top U.S. agricultural exports in 2017; soybeans was the highest at $21.6 billion, followed by corn and tree nuts. Canada was the top U.S. agricultural export market followed by China and Mexico....
Read MoreU.S. and Armenia Work to Expand Trade
United States and Armenia work to strengthen ties, expand trade and investment relationship. The Office of the United States Trade Representative concluded the second meeting of the U.S-Armenia Trade and Investment Council. During the Council meeting, in Washington, DC, officials from the United States and Armenia discussed a range of issues, including the adoption of […]...
Read MoreGlobal Rice Production is at a Record
Global rice production is at a record this month, primarily due to higher production in India. Trade, too, is now at a record, with higher imports forecast for Sri Lanka in the midst of a smaller-than-expected crop. India’s exports are raised to record levels. Global stocks are up this month on higher production in India, […]...
Read More
