Tagged: us

Is the gaping US trade gap a sign of weakness?

President Donald Trump ripped into one of his favorite targets Thursday in Beijing: The United States’ “shockingly” large trade deficit with China. “I blame past administrations,” Trump declared, “for allowing this out-of-control deficit to...

The US is losing money on each penny produced

Governments have long waged a war on cash in an attempt to curb terrorism and tax evasion. Their focus has typically been on eliminating large denominations, like Europe’s €500 bill or India’s 1,000 rupee note. Two US lawmakers have a much...

US economic growth hits its lowest level in 3 years

The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result repeats a pattern that has characterized the recovery: lackluster beginnings to...