Government, Business, Logistics

Mnuchin’s Silence Signals His Displeasure With Trump’s Trade War

Kevin C. Downs/New York Daily News/TNS

Treasury Secretary Steven Mnuchin is signaling his displeasure with President Donald Trump’s trade war with China by saying nothing at all.

Saleha Mohsin | Bloomberg News
June 22, 2018
Business, Equipment

German Auto Stocks Decline on Threat of 20% Tariff

Getty Images

German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20% tariff on all European car imports, escalating his demand for concessions aimed at lowering the U.S. trade deficit.

Anthony Palazzo and Chris Reiter | Bloomberg News
June 22, 2018
Government, Business, Equipment

Global Auto Sector Likely to Feel Effects of Tariffs

Daniel Acker/Bloomberg News

Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings, take advantage of cheaper labor and manufacture cars closer to buyers.

Elisabeth Behrmann | Bloomberg News
June 22, 2018
Government, Business, Logistics

US Firms Weigh Higher Freight Bills Now Against Paying Tariffs Later

Tractor-trailer trucks move cargo in shipping containers out of the Port of Savannah in Savannah, Ga. (AP Photo/Stephen B. Morton)

New tariffs on imports from China may leave American companies with a choice — pay a higher freight bill now or pay the tariffs starting soon.

David Koenig | Associated Press
June 21, 2018

US Growth ‘Close to a Peak’ as Trade Spat, Housing Pose Risks

Craig Warga/Bloomberg News;

The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived.

Shobhana Chandra | Bloomberg News
June 20, 2018
Government, Business

Commerce Secretary Wilbur Ross Denies Insider Trading

Wilbur Ross, U.S. commerce secretary, arrives to a Senate Finance Committee hearing on current and proposed tariff actions in Washington, D.C., U.S., on June 20. (Andrew Harrer/Bloomberg News)

Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company.

Marcy Gordon | AP Business Writer
June 20, 2018
Government, Business, Equipment

Volvo Sees New South Carolina Plant as Hedge Against Tariffs

The Volvo S60 at the company’s first American manufacturing plant outside Charleston, S.C. (Volvo Cars)

When Volvo Car Group broke ground on its first U.S. assembly plant in 2015, it was a proud proof point for the Swedish automaker’s rebound and global expansion, not a chess move in anticipation of a possible trade war.

Gabrielle Coppola | Bloomberg News
June 20, 2018
Government, Business, Logistics

Europe Said to Seek WTO Revamp in Face of Trump Trade Challenge

World Trade Organization

European Union leaders plan to push for improvements in the way the World Trade Organization operates, saying it is important to uphold the global commercial order amid “growing” tensions prompted by President Donald Trump’s tariffs.

Jonathan Stearns | Bloomberg News
June 19, 2018
Government, Business, Logistics

China Vows to Retaliate as Trump Targets $200 Billion in Tariffs

Andrew Harrer/Bloomberg News

Trade tensions between the world’s biggest economies intensified, with China vowing to retaliate “forcefully” against President Donald Trump’s threatened tariffs on an additional $200 billion in Chinese imports.

Jenny Leonard and Enda Curran | Bloomberg News
June 19, 2018
Government, Business, Logistics

Here’s How a US-China Trade War Could Play Out

Getty Images

President Donald Trump is betting Beijing will blink first in the showdown over tariffs. Such an outcome is far from assured — and it also could take a while.

Jenny Leonard Andrew Mayeda and Reade Pickert | Bloomberg News
June 18, 2018