Americas Trade Target Lost in Politics
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The world&#39;s largest free trade area was meant to open across 34 nations of the Americas on Jan. 1, 2005. The only visible sign of it in Latin America in the final days of 2004 is anti-US graffiti sprayed on city walls.
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The Bush administration hopes to build on a U.S. export boom that is helping to reduce the U.S. trade deficit from last year's record $758.5 billion, U.S. Commerce Secretary Carlos Gutierrez said on Monday.
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ANCHORENA PARK, Uruguay  - The United States is prepared to reduce agricultural subsidies but wants to ensure market access for goods, President George W. Bush said on Saturday during a tour of Latin America.
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A record drop in oil import prices  pushed the U.S. trade deficit in October to its lowest level in  more than a year, while U.S. exports rose to a new high, a  Commerce Department report showed on Tuesday.
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Trade negotiators for the United  States, Colombia, Peru and Ecuador have abandoned their goal of  finishing a free trade agreement by mid-January and laid out a  schedule for at least two more rounds of talks, a U.S. official  said on Saturday.
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The powerful American Chamber of Commerce has publicly swung behind New Zealand&#39;s case for a free trade deal with the United States, saying it will vigorously push the deal with the second Bush Administration.
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WASHINGTON - The World Trade Organization imposed penalties yesterday on US exports ranging from apples to textiles, escalating a trade dispute the Bush administration has struggled to defuse by unsuccessfully urging Congress to repeal legislation aimed
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US trade policy is far from perfect, of course. But election year rhetoric, particularly that on &quot;outsourcing&quot; of jobs, may have given some Americans a distorted view of reality.
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The failure of Brazil-led Mercosur and the European Union to reach a free trade deal this month is another lost opportunity for South American nations eager to build stable growth, analysts said.
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Sanctions could be aimed at a wide range of American exports, possibly including steel ball bearings, cod, shoes and apples. Most would be imposed by Japan and the EU, which have been the hardest
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With elections and economic woes, congressional approval of foreign trade accords will be an uphill battle.
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CORAL GABLES, Florida  - The U.S. economic embargo against Cuba has deprived its communist government of funds it might otherwise have used for military adventures, U.S. Commerce Secretary Carlos Gutierrez said on Thursday.
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WASHINGTON -- The U.S. trade deficit declined during the third quarter to the lowest level in two years, raising hopes that the country's trade troubles could be easing.
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BRASILIA, Brazil  - The failure of Brazil-led  Mercosur and the European Union to reach a free trade deal this  month is another lost opportunity for South American nations  eager to build stable growth, analysts said.
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The main stumbling block in the Doha Round of global trade talks is the failure of the United States and European Union to make substantial concessions on agriculture, China's commerce minister said on Monday. The World Trade Organization formally relaunched the Doha round of negotiations last month after a six-month suspension that was triggered by differences among major trading partners, especially the United States and EU, over farm subsidies.
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This year's U.S. presidential election has special significance for East Asia. A Pacific Ocean diminished in size by technology has linked East Asia's economic future with America's. Any slowdown in the U.S. spells problems for Asia. Although intra-East Asian trade has grown by double digits yearly since the 1990s, the end destination for about 25% of the region's manufactured products is still the U.S. Asia needs a U.S. Administration that supports free trade and is able to restrain domestic pressures to protect American jobs by restricting outsourcing.
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WASHINGTON, Sept. 26  Â A Senate vote this week on a bill threatening to impose steep tariffs on Chinese exports to the United States was put into doubt on Tuesday after the billÂs authors said they were unsure whether to press ahead with the vote.