Eric Martin

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
Government, Business, Logistics

Mexico Is Said to Push for NAFTA Agreement by End of August

Safety inspector Anamarie Acevedo guides a truck into a inspection stall at the Mariposa Port of Entry in Nogales, Ariz. (John Miller/AP)

Mexico is redoubling its efforts to reach a NAFTA agreement with the U.S. and Canada by the end of August to increase certainty for investors and take the heat off incoming President Andres Manuel Lopez Obrador, according to three people familiar with the negotiations.

Eric Martin | Bloomberg News
July 23, 2018
Government, Business

Trump Push for Quick NAFTA Deal Slowed by Division on Top Issues

Trump Olivier Douliery/Abaca Press/TNS

President Donald Trump’s push for a quick resolution to NAFTA talks is being stymied by persistent differences among the United States, Canada and Mexico over a handful of the make-or-break issues.

Eric Martin | Bloomberg News
April 16, 2018
Government, Business

Trump Pushing for Preliminary NAFTA Deal by Mid-April, Sources Say

President Donald Trump holds hands with the Easter Bunny during the 140th Easter Egg Roll April 2, on the South Lawn of the White House in Washington, D.C. (Olivier Douliery/Abaca Press/TNS)

The Trump administration is pushing for a preliminary NAFTA deal to announce at a summit in Peru next week, and will host cabinet ministers in Washington to try to achieve a breakthrough, according to three people familiar with the talks.

Eric Martin | Bloomberg News
April 3, 2018