Korea has raised the red flag due to an all-time high trade deficit.

As per Last month, South Korea posted an all-time high trade deficit as a result of ballooning raw material import prices and comparatively poor export growth, raising a red flag for Asia's 4th largest economy, which is heavily reliant on exports for growth.

According to the Ministr...

CHINA’S SEO’S PROFITS ROSE 240%; TRADE SURPLUS AT $34.47 BILLION IN APRIL

Highlights –

• China’s SEO’s profits rose 240%; trade surplus at $34.47 billion in April.
• The profits of centrally administered SOEs rose 160 percent year on year.
• The debt-to-asset ratio of the country's SOEs came in at...

US TRADE DEFICIT WIDENS TO RECORD $71.1 BN IN FEBRUARY

Highlights

• According to the Commerce Department data released on Wednesday, the gap in trade of both goods and services went up to a sum of $71.1 billion in February from a revised $67.8 billion a month prior

• On the other hand, total imports went down by 0.7% to ...

US TRADE DEFICIT COURTESY OF IMPORTED GOODS WENT UP BY 1.9 PERCENT IN JANUARY

Highlights

• The Commerce Department reported that the difference between the goods and services the US sold and what it had purchased abroad went up to $68.2 billion from $67 billion in December

• While the exports jumped 1 percent to $191.9 billion, the imports als...

US TRADE DEFICIT RISES 17.7% IN 2020 TO $679 BILLION, HIGHEST SINCE 2008

Highlights

• The Commerce Department said that the difference between the value of the goods and services the US sells abroad and what it purchases jumped from $577 billion in 2019

• The impact of tax policies imposed by the former US President Donald Trump to narrow...

U.S – CHINA TRADE DISPUTES AFFECT JAPAN’S MANUFACTURING INDUSTRY

Highlights:

• Japan reported trade deficit for the second consecutive year
• U.S -China trade disputes have directly affected Japan

China’s reduced demand from Japan due to ongoing trade disputes with the U.S has resulted in declin...

Forex China narrows

Forex trading has been largely affected as the United States and China trade war had slowed down the economies involved and also had a global impact as the economic slowdown started during the trade war between these nations. Apart from economic and trade deficits, there have been huge deficits i...