South Korea’s exports have been dragged down by China’s economic slowdown and import slump. The East Asian country has experienced a continuing trade deficit for nearly a year due to being heavily dependent on China for both imports and exports. In the first two months of this year, South Korea’s trade deficit has nearly reached…
South Korea’s Trade Deficit Has Lasted for Nearly a Year Due to China Trade Dependence
South Korea’s Trade Deficit Has Lasted for a Year Due to China Trade Dependence
South Korea’s exports have been dragged down by China’s economic slowdown and import slump. The East Asian country has experienced a continuing trade deficit for nearly a year due to being heavily dependent on China for both imports and exports. In the first two months of this year, South Korea’s trade deficit has nearly reached…
Is Communist China an Existential Threat to South Korea?
December 29, 2022
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hostility toward ChinaOpinionSouth Koreathe Chinese Communist Party (CCP)Thinking About Chinatrade deficit
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Commentary South Korea is an export-rich country. Korean pop, more commonly referred to as K-pop, is perhaps its biggest export. A truly global phenomenon, groups like Blackpink and BTS, South Korea’s answer to The Beatles, have put the East Asian nation on the artistic map. Of course, South Korea exports much more than chart-topping music….
Trade Deficit Shrinks as Exports Hit Record High
The U.S. trade deficit narrowed sharply in June to its lowest level in six months as exports hit a record high, a trend that could see exports adding to gross domestic product (GDP) in the third quarter after the economy contracted for two consecutive quarters this year, meeting the rule-of-thumb definition for a recession. The U.S…
Japan Posts Trade Gap Far Wider Than Forecasts as China Exports Slow, Energy Imports Soar
April 21, 2022
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Asia & PacificBusiness & Economyeconomic policieseconomyEuropeJapanMarketsRussia-Ukraine Wartrade deficitWorld
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TOKYO—Japan recorded a trade deficit in March that was more than four times wider than market forecasts, as China-bound exports slowed sharply while soaring energy prices raised the cost of imports, adding to economic challenges brought by conflict in Ukraine. Outgoing trade was restrained by a decline in car exports and a slowdown in the…
Experts Concerned as South Korea Hits Record Level Trade Deficit in January
Despite growing exports, the trade deficit in South Korea jumped to a 56-year high in January, prompting concerns as experts believe that it could be a signal of a less optimistic 2022 economy. According to data released by the South Korean Ministry of Trade, Industry and Energy on Feb. 1, South Korea’s exports in January…
US Trade Deficit in Goods Surges to Record High, Breaks $1 Trillion
The U.S. trade deficit in goods rose in December on the back of an import surge to hit a monthly record high, while bringing the total shortfall for all of 2021 to over $1 trillion, also a historic first. The trade deficit in goods—or the difference between imports and exports of products—rose by a monthly 3…
US Trade Deficit in Goods Surges to Record High, Tops $1 Trillion
The U.S. trade deficit in goods rose in December on the back of an import surge to hit a monthly record high, while bringing the total shortfall for all of 2021 to more than $1 trillion, also a historic first. The trade deficit in goods—or the difference between imports and exports of products—rose by a…
NTD Business Full Broadcast (Nov. 4)
The white house setting an official deadline for its vaccine mandate, when will employers have to comply? U.S. trade deficit hitting a new record high, what’s behind the surge? And restaurants are running low on supplies. Your favorite dish might not be on the menu the next time you visit.
The American Plan
Commentary Missing from U.S. Trade Representative Katherine Tai’s recent statement on the Biden administration’s new U.S. trade policy was any mention of the country’s single most important trade problem—the annual U.S. trade deficit. It will be well over $800 billion by the end of the year, and this will be the 45th consecutive year in…
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