Trump Tariff on Mexican Oil Could Hit Gulf Refiners
U.S. oil refiners could get hit if crude is included in President Donald Trump’s threatened 5% tariff on Mexican goods, although the effect may be tempered by their growing fuel exports.
May 31, 2019GM, Ford Slip as Auto Sector Hit by Trump’s Mexico Threat
U.S. automakers and parts suppliers were among the sectors hit hardest in early trading May 31 after President Donald Trump’s threat to impose a tariff of up to 25% on Mexican goods. General Motors Co. and Ford Motor Co. each fell more than 3%.
May 31, 2019Trump to Impose Tariff Until Mexico Stops Migrant Flood Into US
President Donald Trump said that he would impose a 5% tariff on Mexican goods until that country stops immigrants from entering the U.S. illegally.
May 30, 2019Analysts Make Threatened Tariff Hikes Baseline of Economic Forecasts
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.
May 23, 2019US Lifts Steel, Aluminum Duties on Canada, Mexico
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.
May 17, 2019Trump Delays Imposing Tariffs on Auto Imports, Parts
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.
May 17, 2019Diesel Drops 1.1¢ to $3.16 a Gallon; Oil Slides to $61 a Barrel
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.
May 13, 2019US Gives China a Month for Trade Deal as Talks Stay Deadlocked
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.
May 10, 2019China Armed With Powerful Market Weapons in Duel With Trump
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.
May 10, 2019US Hikes Tariffs Amid Trade Talks; China Vows to Retaliate
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.
May 10, 2019