Latest U.S. trade report is good news for those in favor of trade liberalization The U.S. Commerce Department’s report today on the U.S. trade gap became an opportunity for spin by organizations in favor of and opposed to trade liberalization.

The National Foreign Trade Council accentuated the positive, noting that “exports set a new record” in 2013, “marking the fourth year of export growth.” The organization, which celebrates its centennial this year, noted that the trade deficit shrank by $63 billion last year and called for the conclusion of new trade pacts in the Atlantic and Pacific and the renewal of fast-track negotiating authority for the White House.

The U.S. Business and Industry Council saw the glass as half full, if that: “If U.S. trade policy is supposed to promote the nation’s growth and employment, the 2013 trade figures show again that it’s flopping badly,” Alan Tonelson, the organization’s research fellow, said in a statement. He pointed out that 94 percent of the shrinkage of the trade deficit was caused by improvement in oil trade as the U.S. became more self-sufficient in energy. That improvement, while welcome, was “almost completely unaffected by U.S. trade deals or broader trade policies.”

Read Original Story...
Canada, Mexico and Japan want to revive the Trans-Pacific Partnership free trade deal
Defense stocks at record highs after Trump signs $110 billion arms deal with Saudi Arabia
Trump’s proposal to sell oil reserve shows decline in reliance on imports, weaning off OPEC crude
Japan, Trans-Pacific Partnership members to pursue trade deal without the U.S.
OPEC seen extending output cuts as Saudi Arabia says most members on board
Oil prices rise as OPEC, other producers are expected to extend, deepen supply cuts
About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

Speak Your Mind



Zero spam.