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China’s November export, import growth shrinks, showing weak demand

“The customs data showed that annual growth for exports to all of China’s major partners slowed significantly” writes Midwest Communications Inc for 95kqds.com. The soft imports “show a relatively significant pullback in domestic demand”, he added.China’s November trade surplus with the United States was a record $35.55 billion. Yang Yewei, an analyst at Southwest Securities in Beijing, said that as global demand cools, “domestic growth-boosting measures should be more effective”.Import growth was 3 percent, the slowest since October 2016, and a fraction of the 14.5 percent seen in the poll. Source:…

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In major shift, U.S. now exports more oil, fuel than it ships in

“The United States historically has been a heavy importer of crude oil in part due to a four-decade ban on crude exports that was lifted in late 2015 by then-President Barack Obama” reports businessinsider.com. U.S. oil prices have sagged since hitting a four-year high near $76 a barrel in October.For the week, the United States also posted net exports of 4.2 million bpd of products like gasoline and diesel. Source: businessinsider.com Share This:

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The US trade deficit has ballooned to its highest level since the financial crisis as imports surge to record highs

“Record imports in October drove the US trade deficit to the highest level in a decade” writes Paul Wiseman for businessinsider.com. President Donald Trump campaigned on a pledge to slash America’s longstanding trade deficit with the rest of the world. But that was offset by a record $78.1 billion deficit in the trade of goods such as cellphones and machinery.The politically sensitive deficit in the trade of goods with China rose 7.1% to a record $43.1 billion.Despite his import taxes on steel, aluminum and Chinese goods, the deficit so far…

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105 or 110 million Egyptians only exporting for $25bn: Gouda

“She underlined that one of the obstacles that faces the small enterprises sector is access to funds” writes Nihal Samir for dailynewsegypt.com. Furthermore, Sultan stressed that there is currently great attention being paid towards enhancing the small enterprises sector, noting that if all concerned bodies united their efforts with the aim of developing this sector, it will grow.He elaborated that it is estimated that about 105 or 110 million Egyptians are exporting for only $25bn, which is a very modest number. “On the other hand, today, for example, Turkey with…

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U.S. will not stop Iran exporting oil, Iranian president says

“If one day they want to prevent the export of Iran’s oil, then no oil will be exported from the Persian Gulf,” he said” writes Midwest Communications Inc for 95kqds.com. GENEVA (Reuters) – The United States will not be able to stop Iran exporting its oil and any move to prevent Iranian crude shipments passing through the Gulf would lead to all oil exports through the waterway being blocked, Iran’s president said on Tuesday.”America should know that we are selling our oil and will continue to sell our oil and…

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U.S. trade restrictions have hit $369 billion of Chinese exports: monitoring group

“In fact a total of $369 billion of Chinese exports have faced new US trade distortions this year” reports businessinsider.com. Following this year’s escalation, 87 percent of Chinese exports and 92 percent of U.S. exports are affected.Once the full range of U.S. trade distortions is taken into account, a third more Chinese exports are implicated in this year’s trade war.”. In 2017, 70 percent of Chinese exports to the United States and U.S. exports to China faced some kind of trade barrier.Furthermore, over $43 billion of Chinese exports have been…

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Trump’s favorite trade war report card is looking uglier than ever

“President Donald Trump’s favorite trade war report card hit its highest level in history last month” writes Bob Bryan for businessinsider.com. According to the Census Bureau, the US goods trade deficit hit a record high of $77.2 billion in October, up from $76.3 billion the month before.A strong US economy means Americans still want to buy overseas goods, while a slowing global economy and Trump’s tariffs are slowing US exports. Source: businessinsider.com Share This:

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11%, 19% annual increase in non-oil Egyptian exports, imports, respectively in 10M18

“He said that the largest markets receiving Egyptian exports during the 10M18 were in the United Arab Emirates, Turkey, America, Italy, the United Kingdom, Spain, Algeria and France” writes Nihal Samir for dailynewsegypt.com. Therefore, the decision of rationing Egypt’s importing also led to decreased manufacturing and industry in Egypt, and consequently caused decreased exports, confirming that the decision negatively affected Egyptian exports.Unfortunately, Egypt’s imports increased by 19% during the same aforementioned period, reaching $57.76bn, compared to $48.45bn during the same period last year, an increase of $9.22bn.Jaber added that the…

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Japan exports up in October, but not enough to erase deficit

“Japan racked up a trade deficit of 449 billion yen ($4 billion), the preliminary data showed” writes The Associated Press for seattletimes.com. The Ministry of Finance said Monday that exports grew at an 8.2 percent annual pace.The trade deficit may also level off as oil prices stabilize: resource scarce Japan remains heavily dependent on imports of oil, gas and coal.TOKYO (AP) — Japan’s trade deficit grew to its largest since July 2015 in October as a gain in exports was outpaced by a nearly 20 percent jump in imports. Source: seattletimes.com…

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Trade disputes have cut Washington state exports by as much as 28 percent, report says

“The losses stem from tariffs on U.S. exports imposed by China and other trading partners in retaliation for import tariffs levied by the Trump administration” writes Seattle Times Business for seattletimes.com. State apple officials estimate that existing and threatened tariffs with Mexico, China and India, which together account for more than half of state exports, could mean between $120 million and $130 million in lost potential profits, said Davis, who is also a member of the state apple commission. Source: seattletimes.com Share This:

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