THE NUMBERS: Americans in jail: 2.3 million Working in prison industries: ~0.1 million WHAT THEY MEAN: U.S. law has banned imports of goods made in foreign jails since the “McKinley Tariff” of 1890 (McKinley, not yet president, was then Ways and Means Committee Chairman), with extensions in 1930 and 1983. But some American prison industries [...]
By Agence France-Presse; IndustryWeek The June deficit of $27 billion was less than the $28.5 billion expected by most analysts but showed gains in both imports and exports, suggesting trade flows are picking up after steep declines. Meanwhile, the gap with China grew to $18.4 billion. The U.S. trade deficit widened slightly in June due [...]
BEIJING, Aug 12 (Reuters) – Chinese exports are bottoming out and will gradually improve over the rest of the year, Commerce Minister Chen Deming said on Wednesday. But he said exports would still show a decline for all of 2009 because global recovery prospects were subdued. “I believe this bottoming out process will be unbalanced [...]
Source: Associated Press; By Joe McDonald BEIJING – China defended its curbs on exports of industrial raw materials against unfair-trade complaints by the United States and Europe and announced Wednesday it has filed its own challenge to a U.S. ban on imports of Chinese poultry. The Ministry of Commerce said the curbs comply with Chinese [...]
Source: Progressive Policy Institute The Numbers: Total U.S. seaborne cargo exports, 2008: 486 million tons Shipped via Panama Canal: 72 million tons What They Mean: Panama’s modest export data show $280 million in sales to the United States last year, mixing $97 million worth of shrimp and fish with oil, pineapples and gold. The total [...]
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