Government, Business

Trade Gap With China Narrows as Exports Hit Five-Month High

Trade SeongJoon Cho/Bloomberg News

The United States’ merchandise trade deficit with China narrowed in August as exports rose to a five-month high, a possible sign of goodwill from the Asian nation as the countries try to resolve their trade war.

Reade Pickert | Bloomberg News
October 4, 2019
Government, Business

EU Eyes $4 Billion Tariff Strike to US

President Donald Trump President Donald Trump (Al Drago/Bloomberg News)

The European Union is weighing an aggressive new approach to its trade dispute with the U.S., signaling a willingness to engage in the combative tactics embraced by President Donald Trump and risking a further deterioration in transatlantic relations.

September 25, 2019
Government, Business

Trade Feud May Impact Parcels From China

USPS Andrew Harrer/Bloomberg News

White House trade adviser Peter Navarro the week of Sept. 23 will lead a delegation to Geneva to try to reform the 145-year-old global system of coordinating postal policies, a method he says treats American companies unfairly.

Bryce Baschuk | Bloomberg News
September 23, 2019
Government, Business, Technology

US, China Exchange Goodwill Gesture Ahead of Trade Talks

Soybeans in farmers' hands China's government says its importers are inquiring about prices for American soybeans and pork in a possible goodwill gesture ahead of talks aimed at ending a tariff war with Washington. (Associated Press/Jim Mone)

WASHINGTON — The United States and China traded conciliatory gestures, raising hopes they can de-escalate a standoff over trade that has shaken financial markets and cast gloom over the global economy.

Joe McDonald and Paul Wiseman | Associated Press
September 12, 2019
Government, Business, Logistics

VW Warns Trade War Causing Slow Car Sales

Volkswagen Alex Kraus/Bloomberg News

Volkswagen AG and other carmakers warned that trade tensions risk dragging the global economy into a recession as the fallout starts to hit consumers.

September 10, 2019
Government, Business

Small-Business Optimism Drops to Lowest in Five Months

Small business Demetrius Freeman/Bloomberg News

Optimism among U.S. small-business owners fell in August to the lowest level in five months, with the outlook for the economy and sales slumping amid escalating trade tensions and recession fears.

William Edwards | Bloomberg News
September 10, 2019
Government, Business

Trade Deal Before Presidential Election May Suit Beijing

China Qilai Shen/Bloomberg News

President Donald Trump tweeted this week that any trade deal China might secure from America would get “much tougher” upon his re-election. The insinuation being of course that Beijing should really work something out before November 2020.

September 6, 2019
Government, Business

Federal Reserve Finds Wide Tariff Anxiety

Tariffs Justin Sullivan/Bloomberg News

U.S. companies showed widespread concerns about tariff and trade policy uncertainty, but generally reported minimal impact thus far, according to a regional survey from the Federal Reserve.

Alex Tanzi | Bloomberg News
September 5, 2019
Government, Business

US and China Locked in New Tariff Stare-Down

Trade War Tim Rue/Bloomberg News

Labor Day picnic products are just a sampling of the more than 3,200 categories of Chinese goods targeted for the new tariff starting Sept. 1, barring a last-minute flinch by President Donald Trump.

Brendan Murray | Bloomberg News
August 30, 2019
Government, Business

Second-Quarter Growth Revised Down to 2%

Economic growth Andrew Harrer/Bloomberg News

U.S. economic growth decelerated in the second quarter by more than initially reported, suggesting President Donald Trump’s trade actions are weighing more heavily on the pace of expansion.

Jeff Kearns | Bloomberg News
August 29, 2019