Government, Business

Analysts Make Threatened Tariff Hikes Baseline of Economic Forecasts

Tariffs Qilai Shen/Bloomberg News

After months of predicting a trade deal between the world’s largest economies, economists at some of the biggest financial institutions are growing increasingly pessimistic.

Enda Curran and Christopher Anstey | Bloomberg News
May 23, 2019
Government, Business

US Lifts Steel, Aluminum Duties on Canada, Mexico

Steel plant in Canada An employee performs a quality check on a steel slab at a plant in Nanticoke, Ontario, Canada. (Cole Burston/Bloomberg)

President Donald Trump said the U.S. will lift steel and aluminum tariffs on Canada and Mexico, boosting efforts to encourage lawmakers to ratify his new North American trade deal.

Jenny Leonard and Joe Deaux | Bloomberg News
May 17, 2019
Government, Business

Trump Delays Imposing Tariffs on Auto Imports, Parts

cars for import at harbor in Bremerhaven, Germany Cars for export and import are stored in front of containers on May 16 at the harbor in Bremerhaven, Germany. (Martin Meissner/AP)

WASHINGTON  — Caught in a sprawling trade dispute with U.S. rival China, President Donald Trump decided against declaring commercial war on America's friends: The White House said May 17 that he is delaying for six months any decision to slap import taxes on foreign cars, a move that would hit Europe and Japan especially hard.

Associated Press
May 17, 2019
Government, Business, Fuel

Diesel Drops 1.1¢ to $3.16 a Gallon; Oil Slides to $61 a Barrel

Diesel fuel gauge Diesel costs 7.9 cents less than it did a year ago, the Department of Energy said. (Getty Images)

The U.S. average retail price of diesel fell 1.1 cents to $3.160 a gallon. Oil prices slipped to $61 a barrel as the United States and China imposed higher tariffs on the other’s goods, which chilled the outlook for demand.

Roger Gilroy | Staff Reporter
May 13, 2019
Government, Business, Logistics

US Gives China a Month for Trade Deal as Talks Stay Deadlocked

Chinese Vice Premier Liu He Chinese Vice Premier Liu He outside the Office of the U.S. Trade Representative in Washington on May 10. (Alex Edelman/Bloomberg News)

President Donald Trump’s administration told China it has a month to seal a trade deal or face tariffs on all its exports to the Unites States, even as both sides sought to avoid a public breakdown in negotiations despite a developing stalemate.

Bloomberg News
May 10, 2019
Government, Business

China Armed With Powerful Market Weapons in Duel With Trump

Qilai Shen/Bloomberg News

China has a powerful financial-market arsenal for its trade tussle with America, including a hoard of Treasuries and its currency. But using those weapons is not without cost.

Katherine Greifeld | Bloomberg News
May 10, 2019
Government, Business, Logistics

US Hikes Tariffs Amid Trade Talks; China Vows to Retaliate

President Trump at the White House on May 9 President Donald Trump speaks at the White House on May 9. (Joshua Roberts/Bloomberg News)

The United States hiked tariffs on more than $200 billion in goods from China on May 10 in the most dramatic step yet of President Donald Trump’s push to extract trade concessions, deepening a conflict that has roiled financial markets and cast a shadow over the global economy.

Bloomberg News
May 10, 2019
Government, Business, Logistics

Common Consumer Goods May Be Target of Retaliatory Tariffs

Donald Trump President Donald Trump (Chip Somodevilla/Bloomberg News)

President Donald Trump’s latest threat to raise tariffs on Chinese goods puts vital intermediate equipment and everyday consumer goods used by millions of Americans back into the cross-hairs.

Natalie Lung | Bloomberg News
May 8, 2019
Government, Business

Trump Warns He Will More Than Double Tariffs on Chinese Imports

Donald Trump Trump's Twitter threat put a scare into the U.S. stock market May 6. (AP Photo/Alex Brandon)

President Donald Trump wrote in a May 5 tweet that he will dramatically increase tariffs on Chinese imports to 25% from 10%, starting May 10.

Dan Ronan | Associate News Editor
May 6, 2019
Government, Business, Equipment

Trade Groups Push for No Tariffs on Vehicle Parts

Vehicle Parts Trump at a meeting in the White House. (Al Drago/Bloomberg News)

Officials in the transportation industry warned that if President Donald Trump follows through on the threat of tariffs on imported truck and automobile parts, the effects could be devastating for jobs in the United States.

Dan Ronan | Associate News Editor
April 16, 2019