Word: tradings
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...Friday, as President Obama crossed the Pacific to begin his first trip to Asia, the Census Bureau released its monthly trade tally. The headline was that the U.S. trade deficit grew to $36.5 billion in September, more than forecasters expected and the biggest such figure since January. But the really dramatic number was that 60.5% of the deficit, or $22.1 billion, was with just one country: China...
...China on Sunday, his visit marked a pivotal moment in the two countries' relationship. While the U.S. and China once met to discuss topics of mutual importance, their talks are now occupied with issues of significance to the entire planet. From North Korea to Iran, global warming to global trade imbalances, Washington is increasingly dependent on Beijing's cooperation. The U.S. and China often find things to disagree about. As the world's most powerful democracy and the world's most powerful authoritarian state, they are bound to clash, even as their economic relationship draws them closer...
...Trade Trade between the U.S. and China has been a heated subject in recent months. After Obama imposed tariffs in September of up to 35% on Chinese-made tires to protect U.S. jobs due to a surge in Chinese imports, China retaliated in October with new levies on nylon imports. This month, the U.S. slapped duties of up to 99% on some Chinese-made steel pipes. China announced soon after that it was looking into imports of U.S.-made cars from manufacturers that received government support. The trend has economists worried about a trade war. But U.S. officials dismiss that...
Sino-U.S. relations were a rare foreign policy bright spot during President Bush's last term. Amid setbacks in Iraq and Afghanistan, the Administration was able to broaden and deepen ties with China, while keeping longstanding disagreements over issues such as trade and China's human-rights record under control. But that doesn't mean they went away. When U.S. President Barack Obama meets Tuesday with Chinese President Hu Jintao at the Great Hall of the People in Beijing, there are several trouble spots between him and his host, and the good relationship could erode if they aren...
...frustration for many U.S. companies. American software and music companies say that more than $3.5 billion worth of their goods are pirated in China each year. The U.S. has pushed China to step up its enforcement of intellectual-property rights, arguing that it's one way to narrow a trade gap that reached $268 billion last year. While the U.S. is unlikely to make any progress on pushing China to allow its currency to appreciate, it could make a stronger case on preventing piracy, says James McGregor, the former chairman of the American Chamber of Commerce in China. As China...