US Under Obama Loses Top Producer Title To China
China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries show.
U.S. exports and imports of goods last year totaled $3.82 trillion, the U.S.
Commerce Department said last week. China’s customs administration reported last month that the country’s trade in goods in 2012 amounted to $3.87 trillion. source – Bloomberg
|Print article||This entry was posted by NTEB News Desk on February 10, 2013 at 11:07 pm, and is filed under China, Economy, Obama. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed.|
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When Israeli Prime Minister Benjamin Netanyahu visits the White House tomorrow, President Barack Obama will tell him that his country could face a bleak future — one of international isolation and demographic disaster — if he refuses to endorse a U.S.-drafted framework agreement for peace with the Palestinians.
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SIMFEROPOL, Ukraine — Ukraine put its military on high alert Sunday in response to Russia’s move to seize control of the Crimean Peninsula, and it threatened war against Moscow if the Kremlin made further incursions into Ukrainian territory as Western powers scrambled to find a response to the crisis. “This is the red alert, this…
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As Russian-backed armed forces effectively seized control of Ukraine’s Crimean peninsula on Saturday, President Vladimir V. Putin of Russia requested —and received — authorization from the Russian Senate to use military force in Ukraine.
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Russian troops moved into Crimea Friday, U.S. officials told Fox News, prompting Ukraine to accuse Russia of an “armed invasion.” At the White House, President Obama said the U.S. government is “deeply concerned” by reports of Russian “military movements” and warned any violation of Ukraine’s sovereignty would be “deeply destabilizing.” “There will be costs” for…
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Defense Secretary Chuck Hagel plans to shrink the United States Army to its smallest force since before the World War II buildup and eliminate an entire class of Air Force attack jets in a new spending proposal that officials describe as the first Pentagon budget to aggressively push the military off the war footing adopted after the terror attacks of 2001.
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