and imports have been shrinking — but exports are going down a bit faster . Imports were down 5 percent in the first quarter of 2016 , compared with the same period a year earlier . Exports , as mentioned , were down 5.3 percent .
The trade deficit with China was $ 367 billion in 2015 . In his speech , Trump went on to say that “ Clinton gave China millions of our best jobs , ” and in a tweet on June 21 , he directly linked a rise in the trade deficit to the loss of “ millions ” of jobs . As our fact - checking colleagues at the Washington Post wrote , “ [ a ] billion dollars of exports is estimated to create about 6,000 jobs . ” That ’s according to a Commerce Department analysis of U.S. jobs supported by exportsmovement.transportartifact.sendsupplyexport. So , if one wanted to run a back - of - the - envelope calculation using that formula , the $ 47 billion increase in the deficit over four years would amount to 282,000 jobs . That ’s not “ millions . ”
" Iran is returning to the market and needs to be given a special chance but it also needs to make some calculations , " said one source . The sources did not elaborate on the special terms , which technically could be anything from setting limited production increase levels for Iran to linking future output rises to a recovery in oil prices . The last global deal - OPEC and non - OPEC - dates back to 2001 when Saudi Arabia persuaded Mexico , Norway and Russia to contribute to production cuts , although Moscow never followed through and raised exportsmovement.transportartifact.sendsupplyexportinstead . ( Additional reporting by Alex Lawler in London ; Writing by Dmitry Zhdannikov ; Editing by Pravin Char )
Since late 2015 , the Russian Air Force has systematically targeted ISIS oil convoys thus preventing illegal oil exportsmovement.transportartifact.sendsupplyexportthat mostly travel through Turkey . Now , due to financial issues , the Islamic State has launched a large - scale cyber crowd funding in Europe which is enabled through 46.000 active ISIS social media users . Our partners from www . SouthFront.org have this exclusive news covered :
The trade deficit with China was $ 367 billion in 2015 . In his speech , Trump went on to say that “ Clinton gave China millions of our best jobs , ” and in a tweet on June 21 he directly linked a rise in the trade deficit to the loss of “ millions ” of jobs . As our fact - checking colleagues at The Washington Post wrote , “ [ a ] billion dollars of exports is estimated to create about 6,000 jobs . ” That ’s according to a Commerce Department analysis of U.S. jobs supported by exportsmovement.transportartifact.sendsupplyexport. So , if one wanted to run a back - of - the - envelope calculation using that formula , the $ 47 billion increase in the deficit over four years would amount to 282,000 jobs . That ’s not “ millions . ”
However , if we take the top seven of these companies and add all of their assets under management ( AUM ) together , it adds up to only $ 18.9 trillion . 3 . The U.S. national debt is 25x larger than all global oil exportsmovement.transportartifact.sendsupplyexportin 2015 . Yes , countries such as Saudi Arabia , Kuwait , and Russia make a killing off of selling their oil around the world . However , the numbers behind these exports are paltry in comparison to the debt .
On June 7 , India cleared all hurdles to become a member of the 34-member Missile Technology Control Regime ( MTCR ) , a non - proliferation regime of which China is not a member . June 6 was the deadline for any member to object to a new entrant , and none had . BrahMos 's range means it falls short of the 300 km limit set by the MTCR India 's accession to the MTCR may also strengthen its case for joining another non - proliferation body , the Nuclear Suppliers Group , a move China has effectively blocked . Both groups would give India greater access to research and technology . BrahMos Aerospace , co - owned by the Indian and Russian governments , said discussions were underway with several countries on missile exportsmovement.transportartifact.sendsupplyexport, but it was too early to be more specific . " Talks are going on , there will be a deal , " said spokesman Praveen Pathak . India is still a marginal player in global arms exports . The unit cost of the missile , fitted on Indian naval ships , is estimated at around $ 3 million . India has been steadily building military ties with Vietnam and is supplying offshore patrol boats under a $ 100 million credit line , its biggest overseas military aid . This week defence minister Manohar Parrikar held talks with his Vietnamese counterpart General Ngo Xuan Lich in Hanoi and both sides agreed to exchange information on commercial shipping as well as expand hydrographic cooperation , the Indian defence ministry said in a statement on Monday . A source at the defence ministry said India was hoping to conclude negotiations on the supply of BrahMos to Vietnam by the end of the year . The Indian government is also considering a proposal to offer Vietnam a battleship armed with the BrahMos missiles instead of just the missile battery , the source said .
Democratic nominee Hillary Clinton Hillary Rodham ClintonGOP fires opening attack on Dem reportedly running for Heller 's Senate seat Trump seeks tech 's help for government IT overhaul What do Democrats stand for ? MORE and Republican nominee Donald Trump Donald TrumpLewandowski near ' high six - figure book deal ' : report GOP fires opening attack on Dem reportedly running for Heller 's Senate seat Overnight Tech : Trump seeks tech 's help for ' sweeping ' IT overhaul | FTC looks to block sports fantasy merger | Firm exposes nearly 200 M voters ' data MORE , whom Ryan has endorsed , are both opposed to the TPP . Still , Ryan noted the benefits of trade , especially for his home state where dairy and cheese exportsmovement.transportartifact.sendsupplyexportfuel the economy . He argued that other nations are forging trade deals that are hurting U.S. exporters . “ That means we have to engage in the world , ” he said .
" For now , the market is staying well supported , " said Olivier Jakob , oil analyst at Petromatrix . " It will be difficult to return to the lows of the year . " WTI also hit a premium against Brent CL - LCO1 = R in intraday trading , the first time since January , as traders piled into the U.S. crude market on bets of an uptick in domestic oil exportsmovement.transportartifact.sendsupplyexport. Venezuela 's state - run PDVSA bought two more cargoes of WTI this month after becoming Latin America 's first importer of U.S. oil since January after an export ban was lifted . " We 're seeing increasing export activity in the U.S. Gulf , with over 2 - 1/2 million barrels currently loaded on tankers , ready to depart , and there 's potentially more , " said Matt Smith who tracks crude loadings for New York - headquartered Clipperdata .
Iran does not accept that the U.N. resolution bars it from testing missiles , as long as it has no nuclear weapons to place on them . The standoff has turned into a diplomatic and political test for both Washington and Tehran , even as the lifting of sanctions under the nuclear deal draws closer . Early in the new year , the United States and European Union are expected to unfreeze billions of dollars of Iranian assets , allow Iranian firms access to the international financial system and end bans that have crippled Iran 's oil exportsmovement.transportartifact.sendsupplyexport. The deal was a risky diplomatic achievement for both Obama and Iran 's President Hassan Rouhani , leaders of countries that have been enemies for nearly 40 years . Both men are under pressure from hardliners at home to demonstrate that they have not compromised on wider issues .
The Russian economy is likewise much smaller ( only $ 1.3 trillion ) . That is around one - tenth the size of the U.S. economy . Moreover , Russia ’s economy is both fragile and one - dimensional , with a heavy dependence on energy exportsmovement.transportartifact.sendsupplyexport. In short , Russia does not have the features one usually finds in an aggressively revisionist power in the international system . Nevertheless , Russophobes have viewed Moscow ’s annexation of Crimea and its support for pro - Russian separatists in eastern Ukraine as the harbinger of much wider aggression , when there is almost no evidence of such an agenda .
The 2010 ban sent prices skyrocketing in key markets like Egypt , fueling unrest that contributed to a revolution . But exports have been growing since Russia first returned in volume to the global wheat market in 2002 . Over the first seven months of this year , farm and food exportsmovement.transportartifact.sendsupplyexportwere 5.5 percent of Russia ’s total , still far behind top - ranked oil and gas but the highest share in at least 15 years and more than big earners like weapons , according to official data . “ With our nature and climate , it ’s our destiny to be an exporter , ” said Arkady Zlochevsky , president of the Russian Grain Union , an industry group . The price of Russian wheat for export from Black Sea ports dropped to the lowest in at least six years in July and was last at $ 169 a metric ton as of Sept. 30 , according to the Institute for Agricultural Market Studies .