The U.S. trade deficit unexpectedly jumped to $46.3 billion in August, as the nation’s deficit with China surged to a record $28 billion. Oil prices were the other key culprit as the petroleum deficit surged 5.7%.
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Three years ago, the financial crisis spread across the globe, dragging the world into its deepest recession in seven decades. Now, the U.S. recovery is losing momentum, but economists say this time, when America sneezes, the w…
China raised antidumping duties on U.S. chicken products, saying that the goods are being dumped in the Chinese market.
China raised the minimum chicken duty to 50.3% from 43.1% on U.S. chicken products, MarketWatch reported. The maximum antidumping tariff remains 105.4%.
A report into the products showed that U.S. chicken was being sold at below fair value.
“Dumping duties exist in…
Continue reading China Raises Anti-Dumping Duty on U.S. Chicken
China Raises Anti-Dumping Duty on U.S. Chicken originally appeared on DailyFinance on Mon, 27 Sep 2010 07:30:00.
Factories continue to show signs of sustainable economic growth, as industrial production rose 0.2% in August.
Continue reading Industrial Production Rises for the 14th Straight Month
Industrial …
The 34-inch pipe in Romeoville, Ill., 30 miles southwest of Chicago, is still shut, with no indication of when it will reopen. Enbridge said it collected about 6,050 of the 6,100 barrels that leaked.
Continue r…