exports news stories on Newser

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...

China Overtakes Germany as World's Largest Exporter

Emily Rauhala — Sun, 10 Jan 2010 12:19:00 CST

China's exports rose 17.7% in December, ending a 13-month drop in trade and stealing the title of 'world's largest exporter' from Germany. The year-on-year surge is seen as a sign that China's hard-hit manufacturers have made it through the financial storm. But it's not all good news for China,...

China Accuses US of Dumping Chicken, Auto Parts

Jane Yager — Mon, 14 Sep 2009 06:31:46 CDT

US-China trade tensions escalated yesterday when Beijing announced it was investigating whether the US dumped auto parts and chicken products onto the Chinese market, the LA Times reports. An expert calls the retaliatory move, which comes days after the White House slapped a 35% import tariff on Chinese tires, "a...

Economy Shrinks Faster Than Expected in 1st Quarter

Wed, 29 Apr 2009 08:13:54 CDT

The US economy shrank at a worse-than-expected 6.1% pace at the start of this year as sharp cutbacks by businesses and the biggest drop in US exports in 40 years overwhelmed a rebound in consumer spending. Today's Commerce Department report dashed hopes that the recession's grip on the country...

China-India Friction Rises Amid Downturn

Jason Farago — Fri, 20 Mar 2009 08:23:56 CDT

With US demand shrinking, China is looking to India to keep its exports buoyant and buy everything from iron ore to stuffed animals. But although China is its largest trading partner, India's not happy: this year it banned toy imports for safety reasons, and the country has lodged a dozen...

The Next Economic Victim: Globalization

Matt Cantor — Thu, 05 Mar 2009 09:02:00 CST

World trade has quadrupled since 1982, but economic woes are eating away at globalization’s “golden age” as exports fall, foreign workers head home, and governments seek to protect their own, the Washington Post reports. “The collapse of globalization is absolutely possible,” said a US economist. “It happened in the 20th...

Sony Swings to First Annual Loss in 14 Years

Jason Farago — Thu, 22 Jan 2009 06:25:20 CST

Sony announced today that it would go down to its first annual loss in 14 years, after having forecast just months ago that it would turn a profit. The Japanese electronics giant said it expected to lose $1.7 billion, the result of declining demand from the global recession. The...

Mexico Halts Shipments From Top US Meat Plants

Nick McMaster — Fri, 26 Dec 2008 17:10:02 CST

Mexico has temporarily banned meat from 30 US plants run by some of the largest American meat companies, Reuters reports. The Mexican government says violations in standards of packaging, labeling, and transport conditions occasioned the ban, but many US analysts suspect Mexico is registering its dissatisfaction with an American law...

Plunging Exports Roil Asia

Clay Dillow — Tue, 23 Dec 2008 09:12:00 CST

Asia, the manufacturing powerhouse of the last few decades, is experiencing a plunge in exports unprecedented in modern history, the Washington Post reports. Japan, the world’s second-largest economy, reported yesterday that exports dipped 27% in November, while Thailand’s exports shed 19%, the most in 17 years. Taiwan’s exports fell 23%...