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Space Foundation applauds changes to defense act

Before the holiday break, the House of Representatives passed a bill that will change export regulations for defense and aerospace companies. “For years, we have watched the U.S. lose ground against global competitors because of the largely unintentional consequences of onerous regulations on space technology for export,” said Elliot Pulham, CEO of the Space Foundation.… Continue Reading Space Foundation applauds changes to defense act

The Colorado Office of Economic Development and International Trade and the U.S. Commercial Service are sending a trade delegation to the largest mining exhibition in Latin America. The group will be going to “Expomin 2012,” in Santiago, Chile, from April 7 to 14. Martha Butwin, senior international trade specialist from the federal Commercial Service, will… Continue Reading Colorado delegation travels to Chile for trade mission

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Lawmakers seek tougher stance on China trade

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House lawmakers are urging the administration to apply more pressure on what they call China’s “predatory” trading practices, but show division on whether to pass legislation punishing China for manipulating its currency. House Ways and Means Committee members presented a long list of grievances they say contribute to China’s massive trade advantage, including its undervalued… Continue Reading Lawmakers seek tougher stance on China trade

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Getting trade basics and numbers wrong

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Why do so many (most?) business reporters and television talking heads, along with a boatload of economists, get the story dead wrong on trade? Whenever the latest U.S. trade numbers — i.e., exports, imports and the trade balance — are released, if imports are up and the trade deficit expands, a cacophony of voices spout… Continue Reading Getting trade basics and numbers wrong

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A decline in exports and a sharp rise in imports pushed the U.S. trade deficit in June to its widest point since October 2008, raising new concerns about the weakening economic recovery. The $49.9 billion gap is worrying economists, who fear it means the U.S. economy grew at half the rate in the April-to-June quarter… Continue Reading Trade gap likely points to slower economic growth

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