US exports news stories on Newser

Booming China Wants More of Our ... Soybeans

Mark Russell — Mon, 12 Mar 2012 15:27:48 CDT

China is growing richer, and it wants more and more of what our land produces. US exports to the country are up 50% over 2008, and food led the pack last year—soybeans in particular. Why? They're cheaper to import than feed grain, and are used to beef up cattle...

US Becoming Net Fuel Exporter

Rob Quinn — Wed, 30 Nov 2011 08:14:25 CST

This is going to be the first year since 1949 in which America exports more fuel than it imports, thanks to sagging demand at home and booming economies elsewhere. The US still imports around 9 million barrels of crude oil every day, but soaring exports of refined petroleum products are...

10 Industries the US No Longer Rules

247wallst — Thu, 03 Feb 2011 14:17:05 CST

When it comes to business, Americans have long been used to being on top—but oh, how the mighty have fallen in some arenas. 24/7 Wall Street breaks down the top 10 industries in which "Made in the USA" doesn't dominate as it once did: Autos —High labor costs and...

US, South Korea Cut Trade Deal

Polly Davis Doig — Sat, 04 Dec 2010 06:16:04 CST

The Obama administration has completed a free-trade agreement with South Korea that it expects to jack US exports by billions and create at least 70,000 jobs. The deal, the largest since NAFTA 16 years ago, was reached yesterday after trade reps for both sides reached a deal on automobile...

World Scrambles to Boost Buck

Rob Quinn — Fri, 13 Nov 2009 03:43:36 CST

Central banks around the world are stepping up measures to keep the American dollar strong and their own currencies weak. The dollar 's drop to near 15-month lows this week sparked fears that exports will become uncompetitive, threatening their fragile economic recoveries. Pacific Rim countries are especially concerned that China—...

Big Biz Slams 'Buy American' Stimulus Clause

Rob Quinn — Thu, 29 Jan 2009 08:00:00 CST

American exporters are fighting to ditch "Buy American" provisions from the economic stimulus package, the Washington Post reports. The House version bars most foreign iron and steel from stimulus projects, while a Senate version calls for only American-made equipment and goods to be used in nearly all projects to be...

Skirting Laws, Iran Buys Bomb Parts From US Firms

Matt Cantor — Sun, 11 Jan 2009 08:43:04 CST

Through front firms and complex maneuvering, Iran skirts trading laws to buy bomb parts from US companies, the Washington Post reports. The equipment allows production of improvised explosive devices, or IEDS, bombs that are the leading killer of US troops in Iraq, according to Justice Department documents and a new...

Going Global Juices Cranberry Biz

Rob Quinn — Thu, 27 Nov 2008 06:44:22 CST

America's cranberry farmers have turned sour times around with a push to bring the berry to the world, the New York Times reports. Eight years ago, farmers were faced with a glut of berries, but now, with almost a third of the crop being exported to nations who have been...

America's Real Financial Crisis? It's Debt

Rebecca Smith Hurd — Sun, 28 Sep 2008 05:23:17 CDT

Washington must stop selling debt as its top export if it wants to solve today's financial crisis, Justin Fox argues in Time . Political talk of the nation's staggering $731 billion deficit often centers on trade pacts and exchange rates. But "if the US simply stopped borrowing so much—if Washington...