White House plans new limits on exports of AI tech, vexing industry

Jan 9, 2025
China is said to be a key target of rules motivated by national security. The tech industry calls it overreach.
President Biden shows off a semiconductor wafer during a tour of an Intel factory in Arizona. He's expected to tighten rules around sales of chips that power artificial intelligence.
Brendan Smialowski/AFP via Getty Images

Rising trade deficit for goods isn't a cause for worry, experts say

Dec 27, 2024
Sales of U.S. services to other countries help to redress the balance, along with foreign institutions that invest in the American stock market and debt.
Justin Sullivan/Getty Images

U.S. exports grew in Q3, including in computer parts 

Dec 19, 2024
Exports of computer-related services rose too. "You sell the machine, but you also sell the engineers" who can set it up, one expert says.
Imports also increased in the third quarter, underscoring the U.S. economy's growth, says Eswar Prasad of Cornell University.
Spencer Platt/Getty Images

"This couldn’t have come at a worse time": Exporters brace for port strike delays

Oct 3, 2024
There's only so much capacity to store backed-up products, including foodstuffs.
The longer the port strike, the more expensive it will be for farmers to store their products waiting to be exported, says senior KPMG economist Meagan Schoenberger.
Anna Moneymaker/Getty Images

Services exports are a critical and growing part of the economy

Aug 5, 2024
They have been a positive contributor to GDP growth for almost every quarter over the past three years.
Lighting designer Greg Guarnaccia stands in his office in Baltimore. As a U.S. resident with clients abroad, he’s a services exporter.
Stephanie Hughes/Marketplace

Business reactions to Biden Administration tariffs vary widely

Jun 26, 2024
Some businesses say the new tariffs will put them on a level playing field with Chinese exporters. Others see little advantage.
Biden is keeping many  Trump-era tariffs and introducing new ones, including lithium ion batteries, electric vehicles and feeding tube parts. 
Spencer Platt/Getty Images

How the war in Ukraine created a new kingdom of king crab

Jun 18, 2024
Demand for alternatives to Russian exports, including seafood, has given this Norwegian fishing village a big economic boost.
King crabs caught in the waters off Bugøynes, Norway, in 2002. More recently, sanctions on Russian seafood products have boosted demand for the village's catch.
Jan-Morten Bjornbakk/AFP via Getty Images

For public good, not for profit.

The U.S. exports more petroleum than it imports. So why are we importing at all?

May 13, 2024
It's largely about the chemistry of the oil and the mechanics of the refineries. In many cases, importing foreign crude is cheaper.
An oil pumpjack in Texas. Importing foreign crude oil is often cheaper for the United States.
Brandon Bell/Getty Images

The fallout from a strong dollar

Apr 29, 2024
U.S. exports become more expensive overseas, but imported goods become cheaper here in the U.S.
A stronger dollar makes  imported goods cheaper, meaning American consumers can buy more stuff.
Matt Cardy/Getty Images

Strike shuts down St. Lawrence Seaway, a main commercial artery

Oct 23, 2023
A shutdown will affect farmers exporting products from Canada, mostly to Europe and the Middle East.
The Seaway was built by the U.S. and Canadian governments in the 1950s to connect the upper Midwestern states and prairie provinces to global markets.
Andrej Ivanov/AFP via Getty Images