US Trade Gap Widens to Post-Recession High

Aaron Showalter/Bloomberg News

The U.S. trade deficit widened more than forecast in January to a post-recession high, adding to figures cited by President Donald Trump as evidence of American weakness while he brings the nation to the brink of a trade war.

March 7, 2018
Government, Business

Mnuchin Seeks to Douse Trade-War Fears Over Trump Metal Tariffs

Manuel Balce Ceneta/AP

Treasury Secretary Steven Mnuchin said the Trump administration isn’t trying to provoke a global trade fight with the steel and aluminum tariffs announced last week.

Saleha Mohsin | Bloomberg News
March 6, 2018
Government, Business, Logistics

White House Signals New Trade Deals Must Help Those Left Behind

Oliver Contreras/Sipa USA/TNS

The White House signaled President Donald Trump will pay close attention to the fate of workers left behind by globalization as a new benchmark for negotiating trade deals around the world.

Andrew Mayeda | Bloomberg News
February 22, 2018
Government, Logistics

White House Doesn’t Plan Import Tax, Official Says, Contradicting Trump

Olivier Douliery/Abaca Press/TNS

The Trump administration has no formal proposal on the table for a so-called reciprocal tax on imports, according to a U.S. official who sought to clarify whether a levy that risks escalating tensions with key trading partners would be enacted.

Jennifer Epstein | Bloomberg News
February 13, 2018
Government, Business, Logistics

Trump Says He’ll Unveil ‘Reciprocal Tax’ on Imports This Week

Olivier Douliery/Abaca Press/TNS

President Donald Trump said Feb. 12 that he will propose a tax on imports this week, reviving an idea he floated earlier in his administration that risks raising tensions with key U.S. trade partners.

Jennifer Epstein | Bloomberg News
February 12, 2018

Trade Deficit Is Wider Than Any Month or Year Since 2008

Andrew Harrer/Bloomberg News

The U.S. trade deficit widened to the biggest monthly and annual levels since the last recession, underscoring the inherent friction in President Donald Trump’s goal of narrowing the gap while enjoying faster economic growth.

February 6, 2018
Government, Business, Logistics

Europe to Trump: If You Want a Trade War, You’ll Get One

President Donald Trump looks on ahead of a special address on the closing day of the World Economic Forum in Davos, Switzerland, Jan. 26 (Jason Alden/Bloomberg News)

The European Union gave President Donald Trump a fresh warning about any U.S. curbs on imports from Europe by pledging rapid retaliation, highlighting the persistent risk of a trans-Atlantic trade war.

January 29, 2018
Business, Logistics

US Trade Deficit Balloons to Widest in Almost Six Years

Tim Rue/Bloomberg News

The U.S. trade deficit in November reached the highest level in almost six years as an increase in imports exceeded a gain in shipments overseas, Commerce Department data showed Jan. 5.

January 5, 2018
Business, Logistics

Global Manufacturers Strain to Keep Up With Faster World Economy

Automated robots for stacking pallets of paint stand at the end of the production line at a new paint factory in Ashington, U.K. Chris Ratcliffe/Bloomberg News.

Factories across the globe warned they are finding it increasingly hard to keep up with demand, potentially forcing them to raise prices as the world economy looks set to enjoy its strongest year since 2011.

January 2, 2018
Government, Business

Bid to Save Pacific Rim Trade Pact Comes to a Head

Tomohiro Ohsumi/Bloomberg News

The push to salvage a Pacific Rim trade pact will come to a head this week as nations diverge on whether it should be preserved, abandoned or renegotiated from scratch after President Donald Trump pulled the U.S. out of the deal.

November 7, 2017