trade deficit

China reported its first quarterly trade deficit in six years Sunday as surging prices for commodities pushed up its import bill.

China reported its first quarterly trade deficit since 2004 on Sunday as surging prices for commodities pushed up its import bill.

The government reported that new applications for unemployment benefits rose more than expected and the trade deficit jumped sharply.

Japan's exports grew at their weakest pace in more than a year in January, resulting in the country's first trade deficit in 22 months.

The trade deficit widened in December, closing out a year in which America's trade gap ballooned by the largest amount in a decade.

Inflation is starting to slow China’s mighty export machine as buyers from Western multinational companies balk at higher prices and have cut back planned spring shipments.

The U.S. trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of 2008, offsetting another strong gain in exports.

China posted a $7.24 billion trade deficit in March, its first in almost six years, state media reported Saturday.

Officials said the trend will be short-lived.

China reported its first monthly trade deficit in nearly six years in March, a shift expected to be short-lived and one that may give Beijing only a slight respite from pressure to revalue its currency.

China could report a trade deficit in March, the country's commerce minister said Sunday as he rejected U.S. pressure to ease currency controls and blamed Washington for the Sino-U.S. trade gap.