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Richmans' Trade and Taxes Blog
U.S. exports down in January
Howard Richman, 3/12/2010
According to preliminary trade statistics released yesterday by the Bureau of Economics Analysis, U.S. exports decreased from $143.2 billion in December to $142.7 billion in January, showing that President Obama's plan to double U.S. exports over the next five years is off to a rocky start.
Meanwhile, U.S. imports in January went down even more, from $183.1 billion in December to $180.0 billion in January, suggesting that the American economy is headed downward into another recession.
The good news is that the U.S. trade deficit went down. It should continue to go down so long as the United States economy deteriorates even faster than the world economy.
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- Rogoff predicts a U.S. Debt Crisis
- Morici expects good jobs report on Friday
- Lies, Damned Lies, and Chinese Statistics
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- Peter Morici: Our current China policy is "appeasement"
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- Obama's Trade Policy Agenda -- we're published in American Thinker this morning
- Krugman on China currency
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- GreenJobsGate
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January 2010
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- Levy Economics Institute's analysis of Import Certificates to balance trade
- US wins WTO appeal on China's non-tariff barriers against US movies, music, and games
- Prof. Krugman and Chinese Mercantilism
- China agrees to modify export subsidies
Outside Links:
Wikipedia:
Journal of Economic Literature:
Atlantic Economic Journal: