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“The EU is a thought leader in antitrust, and has been for a number of years formal cufflinks. There is no reason why it should not continue to do so, especially in combination with international fora such as the OECD. In a global marketplace, unilateralism will get us nowhere in the field of antitrust,” he said. Still, there is room for updating the rules, he said. “We probably need to move away from the straightjacket of concerns about short term price rises and develop our views about an idea of consumer welfare that is more dynamic and more consistent with important emerging public policy values common across all EU Member State political cultures,” Alexiadis said..
WASHINGTON (Reuters) – The U.S. trade deficit fell for the first time in six months in November as cheaper oil and higher domestic petroleum production helped to curb the country’s import bill, leading economists to boost their economic growth estimates for the fourth quarter. The Commerce Department’s report on Wednesday also showed a drop in imports of consumer goods such as cellphones and other household goods. The decrease in imports followed five straight monthly increases, likely as businesses stocked up amid an escalating trade war between the United States and China formal cufflinks.
“It is possible that some of the consumer goods imports were brought into the country in greater numbers to build a stockpile before the import tariffs took effect or grew even worse,” said Chris Rupkey, chief economist at MUFG in New York. “The good news is this will temporarily boost real GDP in the fourth quarter.”. The trade deficit dropped 11.5 percent to $49.3 billion in November formal cufflinks. It had increased for five straight months. Economists polled by Reuters had forecast it would fall to $54.0 billion in November..
The release of the report was delayed by a recently ended five-week partial shutdown of the federal government. The politically sensitive goods trade deficit with China fell to $37.9 billion in November from $43.1 billion in October. The overall trade deficit has remained elevated despite the Trump administration’s “America First” policies, which have led Washington to impose tariffs on a range of imported goods from China, sparking a trade war with Beijing. President Donald Trump has long railed against China’s trade surplus with the United States, and accuses Beijing of not playing fairly on trade. The United States has also slapped duties on imported steel, aluminum, solar panels and washing machines formal cufflinks.
The dollar rose against a basket of currencies, while stocks on Wall Street were trading lower after disappointing forecasts from videogame makers formal cufflinks. U.S. Treasury yields mostly fell. When adjusted for inflation, the goods trade deficit decreased $7.5 billion to $80.8 billion in November. The drop in the so-called real trade deficit led some economists to raise their fourth-quarter GDP growth forecasts by as much as six-tenths of a percentage point to as high as a 3.0 percent annualized rate. “We had thought that trade would subtract more than half a point from GDP growth in the fourth quarter, but now it looks like trade will be close to neutral for fourth-quarter growth,” said Daniel Silver, an economist at JPMorgan in New York..