As the Trump administration considers strategies for modernizing U.S. trade policy, BAFT -- ABA’s global transaction banking subsidiary -- wrote to policymakers outlining several priorities to promote free and fair trade and increase economic growth and job creation.

The Engage China coalition of 12 financial trade associations, including ABA and BAFT -- ABA’s global transaction banking subsidiary -- today called on the Trump administration to continue working to create a level playing field and increase market access for financial services firms seeking to do business in China.

BAFT, ABA’s global transaction banking subsidiary, today announced the election of new officers for the 2017-2018 association year.

BAFT, ABA’s global transaction banking subsidiary, and The Clearing House have published a guidance paper to help banks comply with sanctions requirements for transactions related to the shipment of goods.

BAFT -- ABA’s global transaction banking subsidiary -- and the Wolfsberg Group and the Banking Commission of the International Chamber of Commerce today released a set of trade finance principles that address the due diligence required by global and regional financial institutions of all sizes in the financing of international trade.

The U.S. international trade deficit expanded in October to $42.6 billion, up from $36.2 billion in September, according to the U.S. Census Bureau of Economic Analysis. The expansion reflected a $3.4 billion decrease in exports along with a $3.0 billion increase in imports. The goods deficit increased $6.3 billion to $63.4 billion, while the services surplus fell $0.1 billion to ...

The U.S. international trade deficit narrowed in September to $36.4 billion, down from $40.5 billion in August, according to the U.S. Census Bureau and the Bureau of Economic Analysis. The narrowing reflected a $1.0 billion increase in exports along with a $3.0 billion decrease in imports. The goods deficit decreased $2.6 billion to $57.5 billion, while the services surplus increased ...

The international trade deficit widened in June to $44.5 billion, up $3.6 billion from May, according to the U.S. Census Bureau and the Bureau of Economic Analysis. The widening of the deficit was driven by a $4.2 billion increase in imports, partially offset by a $0.6 billion increase in exports. The goods deficit increased $3.8 billion to $66.0 billion, while ...

BAFT, ABA’s international finance subsidiary, today announced the election of new officers and directors for the 2016-17 association year.

The U.S. international trade deficit widened in October to $43.9 billion, up $1.4 billion from September. October exports were $184.1 billion, down $2.7 billion on the month, while imports fell $1.3 billion to $228.0 billion. The goods deficit increased $2.1 billion to $63.1 billion, while the surplus in services increased by $0.6 billion to $19.2 billion. Exports of goods decreased ...