U.S. Commerce Dept. Expands Export Restrictions on Russia

As part of a series of sanctions announced April 29 by the United States, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) announced that it is expanding its export restrictions on items subject to
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United States Expands Export Restrictions on Russia

Today, in response to Russia’s continued actions in southern and eastern Ukraine, the United States is implementing additional restrictive measures on defense exports to Russia. Accordingly, the Department of State is expanding its export restrictions on technologies and services regulated under the U.S. Munitions List (USML). Effective (more...)

U.S. Senate Passes Russia, Moldova Trade Measure

By Merle David Kellerhals Jr. Staff Writer President Obama praised congressional action to end a Cold War-era law hampering full trade relations with Russia and Moldova, saying the legislation expands economic trade and enhances relations. The U.S. Senate passed legislation December 6 by a vote of 92–4 that ends the (more...)

U.S. Trade Slows in July, Causes Slight Deficit Rise

By MacKenzie C. Babb
Staff Writer
The U.S. trade deficit hit $42 billion in July, a slight increase from June due to a 1 percent drop in exports and a 0.8 percent decline in imports during the month, according to a new Commerce Department report. The International Trade in Goods (more...)

Eurozone Crisis Likely to Be Primary Topic at G20 Summit

By Merle David Kellerhals Jr. Staff Writer

The current Eurozone financial crisis is likely to be the primary topic at the annual summit of the Group of 20 (G20) advanced economies, but the leaders are also expected to focus on measures set in place for strong, balanced and sustainable
(more...)

U.S. Economy Continues Expansion

By Merle David Kellerhals Jr. Staff Writer

The U.S. economy grew at an annual rate of 2.5 percent in the July-to-September quarter, driven by consumer spending and continued export growth, though job growth continues to lag, according to the U.S. Commerce Department.
“While the continued expansion is encouraging, faster growth (more...)

U.S. Trade Deficit Surges to Highest Level Since 2008

U.S. Trade Deficit Surges to Highest Level Since 2008

By MacKenzie C. Babb Staff Writer The U.S. trade deficit has surged to $53.1 billion — its highest level in almost three years — as a drop in the country’s exports exceeded a decline in imports from abroad. June’s trade deficit was up 4.4 percent from May, largely due to a (more...)

Let’s Great Equity in U.S.-China Trade

Commerce Secretary Gary Locke called on the Chinese government to create a more equitable commercial relationship with the United States — one that will foster business and industrial growth for both nations and one that is befitting two major economies. Locke said that he is seeking ways with (more...)

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