imports

US would be insignificantly affected by Japan’s crisis

March 17, 2011 - 4:57am | Analytics | News

US gross domestic product may be reduced only by one-half of 1 percent at worst as a result of a Japanese crisis, said Brian Levitt, economist at Oppenheimer Funds.

According to Levitt’s view, exports account for only 10 percent of U.S. GDP, and Japan accounts for only 5 percent of that number. "Five percent of U.S. exports—10 percent of the U.S. economy—so one-half of one percent to U.S. GDP at the absolute worst," he told CNBC Wednesday.

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Forex news: yen declines against majors

October 22, 2009 - 12:52am | Markets | News

During Asian trading on Thursday the Japanese yen showed a slight decline against its major counterparts after the release of traded balance data.

In September Japanese merchandise trade surplus made up 520.6, the largest in 18 months. It was lower than forecast 625.3 billion yen after the 185.7 billion yen surplus in August.

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China launches anti-dumping campaign related to US products

September 14, 2009 - 5:20am | News | Other themes

Sunday China announced it intends to launch an anti-dumping investigation into US sales of chicken and auto products in response to Washington's decision to impose punitive sanctions on Chinese tire imports late last week, according to the Wall Street Journal report.

The move reflected the first time the US government has used special "safeguard" rules against alleged Chinese dumping.

anti-dumping campaign | China | China's Ministry of Commerce | imports | USA

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US doomed to failure in persuading China to rise the yuan

July 27, 2009 - 2:05am | Analytics | News

This week China will have strategic negotiations with the US and as America always tries not to lose an opportunity of pressing the Celestial Empire to let the yuan strengthen China is ready to resist any economic intrusion into its currency policies. Chinese administration is firmly determined to keep to their own schedule for currency appreciation.

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China ignores WTO complaint saying its policies are fair

June 24, 2009 - 3:58am | Analytics | News

In response to the decision of the US and the European Union to start a WTO action against China officials at Beijing made a statement that the country does not violate any international trade regulation prescribed under the WTO agreement. China’s Ministry of Commerce declined the complaint but agreed to the consultation procedures required under WTO rules.

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The world economy will further contract, UNCTAD says

March 2, 2009 - 10:40am | Analytics | News

According to the head of the United Nations Conference on Trade and Development Secretary-General Supachai Panitchpakdi the global economy is going to plunge by at least 1% within the current year with more and more developing countries showing their inability to oppose the ever severing financial crisis. On Friday last week Thailand reported a record fall in exports and manufacturing in January.

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