Eric Martin

Government, Business

Export Controls ‘Matter More Than Ever,’ Commerce Chief Raimondo Says

Gina Raimondo Gina Raimondo by Steven Senne/Associated Press

U.S. restrictions on exports “are at the red-hot center of how we best protect our democracies” because they cut off supply of crucial technologies to countries that threaten American national security, Commerce Secretary Gina Raimondo said.

Eric Martin | Bloomberg News
June 29, 2022
Government, Business

Senators Blast US Trade Chief on Failure to Consult Congress

Katherine Tai, U.S. trade representative U.S. Trade Representative Katherine Tai calls free trade pacts a “very 20th-century tool” that have their place, but need to be updated to reflect current realities. (Cheriss May/Bloomberg News)

A bipartisan group of the top senators on the committee that deals with trade blasted President Joe Biden’s chief negotiator for failure to adequately consult with lawmakers regarding the administration’s positions.

Eric Martin | Bloomberg News
May 10, 2022
Government, Business, Technology, Equipment, Fuel

Canada to Join Mexico in Complaint Over US Car-Origin Rules

bumper assembly An employee assembles a bumper at an auto parts plant in Guelph, Ontario. (Cole Burston/Bloomberg)

Canada plans to formally join Mexico in calling for an arbitration panel to resolve a dispute with the U.S. over how to interpret rules governing the origin of vehicle parts.

Eric Martin | Bloomberg News
December 23, 2021
Government, Business, Technology, Equipment

Raimondo Calls for Surge in Chip Production

Commerce Secretary Gina Raimondo speaks during a Senate Appropriations Committee hearing. Raimondo speaks at a Senate hearing in April. (Chip Somodevilla/Getty Images via Bloomberg News)

Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying the push could create jobs and wean the nation off over-dependence on China and Taiwan.

Eric Martin | Bloomberg News
May 4, 2021
Government, Business

US Trade Gap Widened to Record $74.4 Billion in March

Cargo Ship A ship arrives in Honolulu. (Tim Rue/Bloomberg News)

The U.S. trade deficit widened to a record in March as the value of imports surged to a new high.

Eric Martin | Bloomberg News
May 4, 2021
Government, Business

Rhode Island Gov. Gina Raimondo Confirmed as Commerce Secretary

Rhode Island Gov. Gina Raimondo following the announcement of her nomination Gina Raimondo at the announcement of her nomination as Commerce secretary. (Chip Somodevilla/Getty Images via Bloomberg News)

Gina Raimondo easily won Senate confirmation as Commerce secretary, placing the Rhode Island governor at the heart of President Joe Biden’s efforts to revive the U.S. economy and confront alleged unfair trade practices by China.

Eric Martin | Bloomberg News
March 2, 2021
Government, Business

US Trade Gap Widened to Second Biggest on Record in November

Gantry cranes stand above the APM shipping terminal at the Port of Los Angeles. (Patrick T. Fallon/Bloomberg News) Gantry cranes stand above the APM shipping terminal at the Port of Los Angeles. (Patrick T. Fallon/Bloomberg News)

The U.S. trade deficit widened to the second largest on record in November as merchandise imports reached a more than one-year high in the midst of the holiday shopping season, causing the shortfall in goods to climb to the highest yet.

Eric Martin | Bloomberg News
January 7, 2021
Government, Business, Logistics

US Goods-Trade Gap Unexpectedly Narrows on Drop in Imports

Gantry cranes stand past a tractor-trailer truck at the Port of Baltimore in March 2020. Gantry cranes stand past a tractor-trailer truck at the Port of Baltimore in March 2020. (Andrew Harrer/Bloomberg News)

The U.S. merchandise-trade deficit unexpectedly narrowed in September from the prior month’s record as imports declined for the first time in four months.

Eric Martin | Bloomberg News
October 28, 2020
Government, Business

CBO Trims GDP Forecast for 2020, Lifts 2021 Projection

A woman wearing a mask walks through a San Diego outlet mall on May 26. A woman wearing a mask walks through a San Diego outlet mall on May 26. (Gregory Bull/Associated Press)

The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.

Eric Martin | Bloomberg News
July 2, 2020
Government, Business, Technology, Fuel

IMF: World Needs Two-Decade, $20 Trillion Investment

The IMF is recommending heavy investment in infrastructure and alternative power in the coming decades. A pedestrian walks past a halted construction site in Detroit. (Emily Elconin/Bloomberg News)

The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green technology.

Eric Martin | Bloomberg News
May 6, 2020

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