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US trade deficit with China is growing for shipments of export cargo and import cargo in international trade.
HIGH TECH: The US trade deficit with China in that category increased 36 percent in the first nine months of 2017.

US Trade Deficit With China Continues to Rise

In the third quarter of 2017, the US trade deficit in goods with China reached $103.1 billion—a 6.7 percent increase over the same period in 2016—due to increased imports, which grew 8.1 percent year-on-year to reach $134.9 billion. US exports to China grew robustly to $31.8 billion, up 13 percent year-on-year, according to the most recent report from the US-China … Read More

In The News

Decertification of the Iran Deal

Will the EU Enact Blocking Regulations?

Might the European Union enact regulations to thwart US efforts to re-apply nuclear-related trade sanctions against Iran? That’s the subject explored in a new commentary from Columbia University’s Center on Global Energy Policy. There is a history of the EU adopting such policies. In the 1990s, the EU enacted rules that prohibited EU firms from… Read More

Three Ways to Reduce a Trade Deficit

Most Effective Tools Impact How Much US Citizens, Businesses, and Governments Save

President Trump hates the US trade deficit, and he has made eliminating or reducing large bilateral trade deficits the centerpiece of his trade policies. He thinks that deficits mean the United States is “losing” in global markets because it is buying more goods and services from overseas than it is selling to foreign markets. This… Read More

Features

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Traveling business class for companies with shipments of export cargo and import cargo in international trade.
STAY CLASSY: Qatar Airways’ onboard First Class Lounge is built for comfort. (Image:Shutterstock)
Brad Dwan 12:01 AM  11/21/2017

GIVING US THE BUSINESS

It’s time to book another business class flight and get to that important meeting you have made several time zones away. Prepping for the meeting is probably the easy part; dealing with the stress of airline travel these days is the hard part. Overbooked flights, long wait lists for upgrades, shrinking seat pitch and widths, smaller airline lounges and crowded airports are just a few of the many stress factors we deal with when traveling to far away destinations. Finding the … Read More

High tech states generate shipments of export cargo and import cargo in international trade.
GATOR WATCHER: A tracking satellite dish hovers over the Florida Everglades. (Image: Shutterstock)
Katie Kuehner-Hebert 12:11 AM  11/20/2017

AMERICA’S BEST STATES FOR HIGH-TECH

With the high-tech industry at an all-time high for growth, more and more U.S. markets are becoming meccas for both established and emerging technologies–and boosting their trade capabilities to handle the needs of booming industries. What follows are the states landing the lion’s share of high-tech projects. Washington The high-tech industry in Washington is heavily concentrated in a 10-kilometer radius, and Lake Union just north of downtown Seattle is “ground zero,” according to Joseph Williams, Governor Jay Inslee’s Information and Communications … Read More

Global Logistics

M&M Belarus handles shipments of export cargo and import cargo in international trade.
M&M BELARUS: Since 1992, the company has become one of the country's leading logistics organizations.

Militzer & Münch Expands in Belarus

GT Staff 12:30 AM  11/21/2017

Growth is happening at Militzer & Münch Belarus: the country unit is expanding its existing network with an additional location. The contracts with the construction company are to be signed later this month. For the construction of the new warehouse, Militzer & Münch Belarus purchased a property in the northeastern part of Minsk, near MKAD, the Minsk beltway. The 2,000 square … Read More

Site Selection

Expansion will allow port to handle more shipments of export cargo and import cargo in international trade.
THE CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT: Allows safe passage of deep draft vessels.

TEXAS ELITE CITIES FOR BUSINESS

Katie Kuehner-Hebert 12:02 AM  9/27/2017

The Port of Corpus Christi–already the No. 1 exporter of U.S. crude oil in the nation–is about to embark on a channel improvement project that will further boost the resurgence of the American energy sector. The Port of Corpus Christi Authority Commission and the U.S. Army Corps of Engineers in September executed a project partnership agreement for the deepening and widening … Read More

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Expansion will allow port to handle more shipments of export cargo and import cargo in international trade.
THE CORPUS CHRISTI SHIP CHANNEL IMPROVEMENT PROJECT: Allows safe passage of deep draft vessels.

TEXAS ELITE CITIES FOR BUSINESS

Katie Kuehner-Hebert 12:02 AM  9/27/2017

The Port of Corpus Christi–already the No. 1 exporter of U.S. crude oil in the nation–is about to embark on a channel improvement project that will further boost the resurgence of the American energy sector. The Port of Corpus Christi Authority Commission and the U.S. Army Corps of Engineers in September executed a project partnership agreement for the deepening and widening … Read More

Education

Education programs for executives in companies with shipments of export cargo and import cargo in international trade.
THE FIRST COHORT OF STUDENTS SURROUNDS SIR JAMES DYSON (Image: Dyson Institute of Engineering and Technology)
Todd Mathews 12:04 AM  9/28/2017

USD OFFERS M.B.A. WITH OPERATIONS AND SUPPLY CHAIN MANAGEMENT SPECIALIZATION

The University of South Dakota Beacom School of Business now offers an online Master of Business Administration (M.B.A.) with Operations and Supply Chain Management specialization. Enrollees “benefit from in-depth study of supply chain management, lean management, quality control and other topics relevant in today’s rapidly evolving global market,” according to Beacom School of Business officials. In addition to the core M.B.A. courses that prepare students for leadership in any business role, those on the Operations and Supply Chain Management tract can … Read More

Technology is important to managing shipments of export cargo and import cargo in international trade.
EDUCATION IS CRITICAL TO MANAGING GLOBAL SUPPLY CHAINS: Supply-chain managers must be encouraged to stay current with the latest global disruptions.
Michael Womack 1:40 AM  8/21/2017

The Modern Supply Chain: Education & Training

The modern supply chain is a complex weave of new technology and legacy systems all working toward the same goal, to keep products moving. New technology and the rapid rate of adoption is leaving many in the supply-chain industry wondering how they can keep up. Furthermore, as the industry continues to struggle with finding new talent to bolster its workforce, businesses are often left understaffed while managing a more complex supply network. With all these disruptions the industry faces today, an … Read More

Game teaches students about shipments of export cargo and import cargo in international trade.
STUDENTS ARE DIVIDED INTO TEAMS FOR INTERNATIONAL TRADE GAME: Each team functions as individual countries to compete in manufacturing and selling products to a trader.
GT Staff 2:31 AM  3/15/2017

WATCH: Gaming International Trade

When teaching the course International Economics at the NYU Florence campus, Professor Giampiero Gallo organizes a modified version of the International Trade Game. Students are divided into teams – functioning as individual countries – and compete to manufacture and sell products to a trader at posted prices, which can vary with supply and demand. Students soon understand that they need to make decisions on the group’s strategies and to negotiate with other groups regarding the use of technology, buying raw materials, … Read More

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