Government, Business, Logistics

Grain Markets Dive to 42-Year Low After Trump’s Trade Tweets

Corn Daniel Acker/Bloomberg News

Soybean and corn futures slumped after tweets from Donald Trump that threaten an escalation of the U.S.-China trade war, frustrating battered American producers hoping for a quick resolution.

Michael Hirtzer and Mario Parker | Bloomberg News
May 7, 2019
Government, Business, Logistics

Trump’s Tariffs on Chinese Electric Cars Seen Likely to Last

Electric Vehicle SeongJoon Cho/Bloomberg News

With China bent on dominating the future of electric vehicles, President Donald Trump is likely to erect trade barriers targeting that technology in the form of stiff new tariffs that will have staying power, according to a consultant on the country’s auto market.

Keith Naughton | Bloomberg News
May 7, 2019
Government, Business

Treasury Secretary Steven Mnuchin Calls Latest Round of China Trade Talks ‘Productive’

Steven Mnuchin U.S. Treasury Secretary Steven Mnuchin (left) with China Vice Premier Liu He (Andy Wong/Bloomberg News)

The latest round of U.S.-China talks wrapped up in Beijing on May 1, with U.S. Treasury Secretary Steven Mnuchin calling the meetings “productive” in a tweet.

Bloomberg News
May 1, 2019
Government, Business

Trade Gap Narrows to Eight-Month Low on Plane Exports

Trade Getty Images

The U.S. trade deficit unexpectedly narrowed to an eight-month low in February on a surge in civilian aircraft exports, which may come under pressure after the grounding of Boeing Co.’s 737 Max planes.

Reade Pickert | Bloomberg News
April 17, 2019
Government, Business, Logistics

As Trade War Simmers, US Soybean Shipments Hit One-Year Low

Soybeans Charlie Neibergall/Associated Press

Shipments of American soybeans are at the lowest level since before the U.S.-China trade war in what could be a worrying sign for growers hoping for the Asian giant to accelerate purchases ahead of a trade deal.

Michael Hirtzer and Dominic Carey | Bloomberg News
April 15, 2019
Government, Business

Farmers Fear China Trade Deal Will Fail to Erase Retaliatory Tariffs

Sergio Flores/Bloomberg News

Some U.S. farm groups fear that President Donald Trump’s terms for easing his trade war with China risk leaving large swaths of American agriculture worse off than before the conflict began.

Mike Dorning | Bloomberg News
April 15, 2019
Government, Business, Logistics

Treasury Secretary Steven Mnuchin Says US Open to Facing Penalties in China Trade Deal

Boat Chris Ratcliffe/Bloomberg News

The United States is open to facing “repercussions” if it doesn’t live up to its commitments in a potential trade deal with China, Treasury Secretary Steven Mnuchin said, in a sign that the two sides are edging closer to an accord.

Andrew Mayeda | Bloomberg News
April 15, 2019
Government, Business, Logistics

Trump Looking to Impose New Tariffs on European Union

Martin Meissner/Associated Press

The Trump administration wants to tax $11.2 billion worth of EU goods — from airplanes to Gouda cheese — in a move that some experts say marks another attempt by the administration to use tariffs to reshape global trade in its favor.

Carlo Piovano | Associated Press
April 9, 2019
Government, Business

Democrats Try to Smooth Trade Deal Passage With Labor Proposal

Sam Hodgson/Bloomberg News

Two top Senate Democrats, including longtime free-trade foe Sherrod Brown are crafting a labor enforcement proposal that could help ease the way for passage of President Donald Trump’s new North American trade agreement.

Jenny Leonard and Laura Litvan | Bloomberg News
April 8, 2019
Government, Business, Logistics

Mexico Border Wait Times Spike as Trump's Threats Slow Traffic

Mexico Border A U.S. Customs and Border Protection officer walks past vehicles standing in line at the San Ysidro port of entry in Tijuana, Mexico. (Luis Antonio Rojas/Bloomberg News)

The southern border isn’t closed, but already it’s a mess for trucks hauling goods from Mexico to the United States, snarling traffic at some of the busiest frontier crossings in the world.

Michael Hirtzer and Thomas Black | Bloomberg News
April 8, 2019