Tag: International Trade and World Market

U.S. Trade Deficit Surged in 2022

WASHINGTON — The overall U.S. trade deficit rose 12.2 percent last year, nearing $1 trillion as Americans continued to purchase record volumes of foreign products, according to data released Tuesday by the Commerce Department. The goods and services deficit reached $948.1 billion, up $103 billion from the previous year. Exports of goods and services rose […]

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How Russia Is Surviving the Tightening Grip on Its Oil Revenue

Using customs data from India, Mr. Vakulenko, the Russian oil expert, showed that local importers of Russian crude paid almost the same price as Brent crude. A New York Times analysis of the same data produced similar results. The explanation, Mr. Vakulenko suggested, is that at least part of the large discount on the quoted […]

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E.U. Vows More Help for Ukraine but Tamps Down Membership Talk

But E.U. membership would require meeting the bloc’s standards for overhauling the economy, reining in corruption and public debt, ensuring competitive and fair elections, and safeguarding the independence of the courts and the media, as well as changing laws and regulations to comply with 80,000 pages of rules on matters ranging from environmental protection to […]

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Why Chinese Companies Are Investing Billions in Mexico

Bill Chan had never set foot anywhere in Mexico, let alone the lonely stretch of desert in the north of the country where he abruptly decided to build a $300 million factory. But that seemed a trifling detail amid the pressure to adapt to a swiftly changing global economy. It was January 2022, and Mr. […]

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Russian Diesel Is Europe’s New Embargo Target

There are signs that this shift is already underway, with countries like France and Germany reducing their purchases of Russian diesel, Mr. Grati said. “Those countries are preparing for the divorce,” he added. This rebalancing, which is only just beginning, will almost certainly cause strains that force prices higher, analysts say. For one thing, longer […]

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