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AI spending fuels U.S. trade gap to $77.6B in May
business3 days ago

AI spending fuels U.S. trade gap to $77.6B in May

The U.S. trade deficit widened to $77.6 billion in May as imports rose 3.3% to $395.3 billion and exports fell 3.2% to $317.7 billion, a 42.2% monthly jump—the largest in a year—driven by AI-era demand for goods such as pharmaceuticals, mobile phones and semiconductors. Semiconductors imports jumped by $1.2 billion; petroleum imports reached a record high; auto parts and engines imports rose as automakers shift production, with Toyota announcing a $3.6 billion U.S. investment. The deficit was largest with Vietnam, Mexico, Taiwan, China and the EU, while the Netherlands and Hong Kong posted surpluses.

via Al Jazeera|
#ai-spending#business#imports
Ford Seeks US-Built Advantage in Fresh USMCA Talks
business9 days ago

Ford Seeks US-Built Advantage in Fresh USMCA Talks

Ford CEO Jim Farley urged negotiators to reward automakers that mostly build in the U.S. under a reworked USMCA and to penalize those that rely on imports, as talks reopen. Ford produced more than 2 million U.S.-built vehicles last year (exporting about 311,000) and imported roughly 378,000 of its 2.2 million sales; GM and Toyota remain heavier importers, fueling Ford’s push for a level playing field. Trade groups urged a stable extension of USMCA amid a broader administration review of the pact, underscoring the auto sector’s importance in the talks.

via CNBC|
#auto-industry#business#domestic-production
Heat wave fuels Chinese AC boom as EU and China press for trade balance
business10 days ago

Heat wave fuels Chinese AC boom as EU and China press for trade balance

Europe’s record heat wave is driving a surge in imports of Chinese-made air conditioners, underscoring Brussels’ challenge in closing the trade gap with Beijing. The EU and China issued a rare joint statement to set up a bilateral working group to monitor trade flows and deliver tangible results on imbalances, export controls, and IP by October, while signaling Beijing may retaliate against new curbs. The surge in demand—led by Chinese models such as Midea’s PortaSplit—highlights Europe’s dependence on affordable Chinese tech and the broader difficulty of protecting domestic industry while meeting consumer needs.

via CNBC|
#air-conditioners#business#eu-china-trade
economy1 month ago

US trade deficit slips to $55.9B in April 2026 as exports rise

The U.S. goods and services deficit totaled $55.9 billion in April 2026, down from $56.6 billion in March. Exports rose 2.6% to $327.1 billion while imports increased 2.0% to $383.0 billion. The goods deficit fell to $83.7 billion and the services surplus declined to $27.8 billion. Year-to-date the deficit is about 49% lower than the same period in 2025, driven by higher exports and smaller import totals. The release includes revisions to March data and annual revisions to trade statistics, with the next update scheduled for July 7, 2026.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|
#april-2026#bea-census#economy
business1 month ago

April 2026 Trade Gap Narrows as Exports Rise and Imports Climb

The U.S. trade deficit narrowed to $55.9 billion in April 2026 as exports climbed to $327.1 billion and imports rose to $383.0 billion. The improvement came from a smaller goods deficit and a slightly reduced services surplus, with year-to-date deficits down about 49% versus 2025. Exports of goods increased (notably in capital goods, computers, civilian aircraft, and crude oil), while imports rose especially for capital goods and electronics (semiconductors and telecommunications equipment). Services exports edged lower while imports in services rose modestly. The release includes revisions to prior months and notes on data methodology.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|
#balance-of-payments#business#exports
California’s fuel crunch could push pump prices higher as imports rise
environment1 month ago

California’s fuel crunch could push pump prices higher as imports rise

California is paying the nation’s highest gas prices (about $6.15/gal) as refinery closures tighten supply and imports fill the gap; with about six weeks of stable shipments forecast, prices could climb toward $6.50–$7/gal afterward amid debates over reliance on imports versus domestic refiners and the potential knock-on effects on EV adoption.

via CalMatters|
#california#energy-policy#environment
Trump Signs Orders to Ease Beef Costs by Boosting Imports and Rancher Aid
business2 months ago

Trump Signs Orders to Ease Beef Costs by Boosting Imports and Rancher Aid

President Trump will sign two executive orders to lower beef prices by boosting imports and backing ranchers: one suspends part of the beef import tariff-rate quota, the other expands SBA loans and trims regulations while relaxing endangered-species protections; the moves aim to curb inflation pressures as drought raises costs and major meatpackers face antitrust scrutiny.

via nypost.com|
#beef#business#imports
California Gas-Price Pressure Grows as Imported Oil Dwindles
business2 months ago

California Gas-Price Pressure Grows as Imported Oil Dwindles

California’s dependence on imported crude—now about 60% from foreign sources with shipments passing through the Strait of Hormuz—paired with shrinking in-state refining capacity could push gasoline prices higher and raise the risk of shortages. Officials estimate about six weeks of reserves if Hormuz disruptions continue, and lawmakers are weighing changes to California’s specialized fuel blend to shore up supply.

via New York Post|
#business#california#gas-prices
Valve's Big Shipment Teases New Steam Hardware
technology2 months ago

Valve's Big Shipment Teases New Steam Hardware

Valve imported roughly 50 tons of “Game Consoles” into the U.S. over a two-day window, fueling speculation about new Steam hardware such as Steam Machines or Steam Frame; after subtracting container weight the shipments likely account for under 20,000 units, with bundles potentially changing per‑unit weight, as Valve ramps up hardware deliveries alongside ongoing Steam Deck supply efforts.

via The Verge|
#imports#steamdeck#steamframe
California Refineries Tilt to Jet Fuel as Gasoline Shortage Deepens
energy2 months ago

California Refineries Tilt to Jet Fuel as Gasoline Shortage Deepens

California’s shrinking refinery fleet (11 plants today vs 23 in 2000) is prioritizing jet fuel and diesel over gasoline as margins favor middle distillates, pushing gasoline output toward a decade-low while imports surge due to tighter Asian/ Hormuz-linked flows. Jet cracks run high (~$85/bbl) with jet prices around $4.7–$4.8/gal and gasoline about $5.96/gal, aided by shipments from the UK and India amid Benicia/Wilmington closures and limited pipeline connectivity. Authorities are weighing temporary CARB waivers to ease import constraints in a longer-term supply squeeze.

via Crude Oil Prices Today | OilPrice.com|
#california#energy#gasoline
US trade deficit widens to a fresh peak as imports outpace exports
economy4 months ago

US trade deficit widens to a fresh peak as imports outpace exports

Last year the US posted a record $3.4 trillion in goods imports and a goods-and-services deficit near $901.5 billion, pushing the overall goods deficit to about $1.2 trillion despite sweeping tariffs. Exports rose to new highs, and the US-China gap narrowed about 30% to $202.1 billion, while gaps widened with Mexico, Vietnam and Taiwan. Analysts say tariff effects may take time to materialize amid ongoing legal challenges to the tariffs.

via BBC|
#china-trade#economy#exports