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U.S.
U.S. Trade Deficit Shrinks, but Not Because Factories Are Returning
WASHINGTON — The overall United States trade deficit shrank last year for the first time in six years as the American economy cooled, domestic oil production soared and President Trump waged an aggressive global trade war to rewrite America’s trading terms.The trade deficit for both goods and services fell to $616.8 billion in 2019, down $10.9 billion from the previous year, according to data released by the
Coronavirus May Delay Hard-Fought U.S. Trade Wins in China
WASHINGTON — The rapidly spreading coronavirus could claim one more victim: the United States-China trade deal.The virus, which has killed more than 360 people and sickened thousands, is taking a heavy toll on China’s economy by halting factory work, grounding flights and disrupting supply chains. It is also likely to slow China’s progress in meeting the commitments it agreed to as part of the initial trade deal that the
Trump Is Expected to Showcase U.S. Economy in State of the Union
WASHINGTON — President Trump is expected to use his State of the Union address on Tuesday to bask in what he calls the “blue-collar boom” underway across the country. In doing so, he will be playing to his strongest area with voters as he seeks re-election, but also overstating the strength of an economy that has slowed or stalled on several key measures.Under Mr. Trump, the current economic expansion
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