Trade Official Urges Action On China, Russia Ties
WASHINGTON (AP) — Congress is showing its unhappiness with a federal court ruling that restricted the government’s ability to impose higher trade penalties on China when it subsidizes exports to the United States.
There’s a new proposal to restore the Commerce De…
November Trade Deficit Hits $47.8 Billion
WASHINGTON (AP) — The U.S. trade deficit widened in November for the first time in five months, largely because of a spike in the price of imported oil.
Still, exports fell for a second straight month, a sign that Europe’s slowdown has begun to affect the U...
World Trade Body Agrees To Russia Becoming Member
GENEVA (AP) — The World Trade Organization agreed Friday to allow Russia to become its newest member, giving a critical boost to the ailing economy of its biggest trading partner, the European Union.
Until now, Russia has been the only member of the Group of 20 leading world economies still outside t…