Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

U.S. consumer confidence near 17-year high; goods trade deficit widens

From Reuters:

U.S consumer confidence surged to a near 17-year high in November, driven by a robust labor market, while house prices rose sharply in September, which should underpin consumer spending and boost economic growth.

The near-term growth outlook was, however, marred by other data on Tuesday showing a big rise in the goods trade […]

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Wider trade gap may mean slower Q4 economic growth

By country, the United States ran another record trade deficit with China: $318.4 billion for the year, an increase of 1 percent from 2012. The United States has recorded its largest trade deficit with China each year since 2000, when that country supplanted Japan as the nation with the largest trade imbalance with the […]

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China overtakes US as globe’s biggest trading nation

China Shipping arrives at the Hanjin terminal in Busan.

China’s annual trade in goods passed the $4 trillion mark for the first time in 2013, official data showed Friday, confirming its position as the globe’s biggest trading nation.

Reports last February said the United States’ total trade in goods was lower than China’s in […]

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China urges US to lift export controls

Timothy Geithner

China urged Washington to lift export and investment controls directed against Beijing, saying such a move could go a long way towards conquering the steep trade imbalance between the two powers.

But in their annual bilateral dialogue, US officials continued to press Beijing over its allegedly undervalued yuan as a way to […]

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Coal quandary as Washington State considers shipping fuel overseas

Coal train

Two companies are pushing to make Washington a major player in the international coal trade. One has sought to ship up to 60 million tons of coal a year from refurbished docks near the Columbia River’s mouth. The other plans to build a major shipping terminal near Bellingham, and has a contract […]

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Empty container city

Importing more than you export means lots of empty containers. That visual manifestation of our trade deficit is what drivers see as they pass the Port of New York and New Jersey on the New Jersey Turnpike. In the first eight months of 2010, the port saw the equivalent of 700,000 more full […]

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U.S. Trade Gap Likely Widened in August on Stable Imports

Exports must grow faster than imports to keep the trade deficit steady.

The U.S. trade deficit probably widened in August as imports stabilized following their biggest drop in more than a year, pointing to an economy struggling to regain momentum, economists said before a report today.

The gap grew 2.8 percent to $44 billion […]

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Obama tells Wen China must do more on currency

President Barack Obama and Chinese Premier Wen Jiaba.

US President Barack Obama told Chinese Premier Wen Jiabao that China must do more to revalue its yuan currency, in a “candid” two-hour meeting, which did not appear to shift Beijing’s position.

The president cited recent US complaints in the World Trade Organization against allegedly unfair […]

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US posts widest trade gap in 20 months

Bangkok Post photo of a ship in L.A.

The US trade deficit widened sharply in June to the highest level in 20 months on the back of rising imports, the government said Wednesday.

The 49.9-billion-dollar trade gap was larger than the 42.0 billion dollars posted in May, the Commerce Department said.

Imports increased […]

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