More in Trade

January exports jumped 25% percent to $187.4 billion, while imports soared 28.8% to $158.2 billion....More

A report calling for action on currency manipulation said Ohio would reap “enormous benefits” from the elimination of the U.S. goods trade deficit. Benefits could include the creation of an estimated 36,100 to 75,900 manufacturing jobs and an increase in Ohio’s GDP of between $8.3 billion and $17.4 billion....More

The U.S. could create from 620,000 to 1.3 million manufacturing jobs by eliminating currency manipulation and taking a series of coordinated policy steps, according to a new report from the Economic Policy Institute....More

There's no place like home. That seems to be the sentiment among U.S. manufacturers in a new survey, as 48% express optimism about the U.S. economy. Moreover, 83% expect their revenues to go up in the next year and they boosted expected growth rates to 5.2% from 4.6% in the third quarter....More

The international trade and economic development organizations say ‘value-added’ component of trade is missed in current measures, while services are underestimated....More

Consumer goods led an $8.4 billion surge in imports in November, sending the U.S. trade deficit to $48.7 billion, up from a revised $42.1 billion in October, the Commerce Department reported. Total November exports were $182.6 billion, while imports were $231.3 billion. The goods deficit increased $6.6 billion from October to November. The services surplus was $17 billion, showing little change from October....More

Forecasting modest growth for the U.S. economy, U.S. Chamber of Commerce President Thomas Donohue said Washington leaders must focus on economic growth in order to "create jobs, lift incomes and expand opportunity for all Americans."...More

U.S. oil production will jump 23% over the next two years to a quarter-century high by 2014, reducing demand for foreign supplies from the world's largest oil importer, according to a new official forecast....More

There was so much noise coming out of Washington in 2012 about the fiscal cliff, budget deficits, taxes and especially jobs that these topics became the primary conversation at many a holiday cocktail party. Over the past few weeks I’ve been asked about the current state of offshoring vs. onshoring at least a half a dozen times. Some of the inquisitors have come from a reasonably informed perspective, while others have attempted to cloak the issue of onshoring in some form of sociological or moral high ground related to the U.S. workers’ entitlement to jobs....More

China produces more than 95% of the world's rare earths, 17 elements crucial for making a range of high-tech products including iPads and wind turbines....More

China's manufacturing activity hit a 14-month high in December, a further sign of a rebound in the world's No. 2 economy as domestic demand improved despite external weakness, HSBC said Friday....More