The U.S. trade gap narrowed sharply in June as a strengthening global economy pushes up demand for American exports overseas.
The trade deficit with other nations contracted 5.9% from a month earlier to $43.64 billion, the Commerce Department said Friday. The deficit fell because exports rose 1.2% while imports fell 0.2%. ...
California exporters saw a modest gain in May according to the latest U.S. Census Bureau data. California business exports totaled about $13.5 billion – 1.2 percent increase over the May 2016 total of roughly $13.3 billion.
The cost of cleaner air at the Ports of Long Beach and Los Angeles could cost as much as $14 billion according to a draft action plan released by the port complexes today.
The 2017 San Pedro Bay Ports Clean Air Action Plan (CAAP) calls for cleaner trucks, improved on-dock rail infrastructure, transitioning the oldest, most polluting ships out of its fleet and speeding up the deployment of cleaner harbor craft in an attempt to transition to zero-emission trucks by 2035 and zero emission terminal equipment by 2030.
Decision-makers from this mammoth economic hub, where countless trucks, ships and trains produce a toxic stew of pollutants, will map out specifics on reducing the diesel-dependent port’s reliance on carbon fuels. Nobody thinks it will be easy. Industry officials and truckers raise concerns about the price tag, while environmentalists push for more speed on the path to zero emissions.
California’s economy ranked sixth in the world in 2016, according to rankings released by Palo Alto economist Stephen Levy on Friday. That’s the same as the year before, when California overtook France and Brazil. But the state’s economy isn’t stagnating; California’s economy is growing so quickly that Levy thinks the state will overtake the United Kingdom this year for No. 5.