Government, Business, Logistics

Commodities Roiled as Trump Pours Gasoline on Trade War Inferno

Commodities David Paul Morris/Bloomberg News

Raw materials are reeling after President Donald Trump threatened new tariffs on Chinese goods, dashing hopes that the two sides might soon negotiate an end to the trade war that’s sapping global growth and demand for commodities.

August 2, 2019
Government, Business

Factory Gauge Sinks to Lowest Since 2016 as Exports Drop

Factories Daniel Acker/Bloomberg News

U.S. manufacturing activity deteriorated in July to an almost three-year low, dragged down by slower production and shaky export markets that help explain the Federal Reserve’s decision to reduce interest rates July 31.

Ryan Haar | Bloomberg News
August 1, 2019
Government, Business, Logistics

China, US Plan Next Round of Trade Talks for September

Treasury Secretary Steven Mnuchin (left) and Trade Representative Robert Lighthizer Treasury Secretary Steven Mnuchin (left) and Trade Representative Robert Lighthizer at the U.S. Trade Representative offices. (Alex Edelman/Bloomberg News)

U.S. and Chinese trade negotiators plan to meet again in early September, as the latest round of negotiations ended with few signs of concrete progress.

July 31, 2019

Tariffs or No Tariffs, US Corn May Be Too Expensive for China

Corn Luke Sharrett/Bloomberg News

With or without retaliatory tariffs, Chinese companies probably will show little interest in buying U.S. corn because the jump in Chicago benchmark futures since May has wiped out the price advantage over domestic supplies, according to Yigu Info Consulting Ltd.

July 31, 2019
Government, Business

Trump Threatens Tougher Tactics With China on Trade

Donald Trump President Donald Trump (J. Scott Applewhite/Associated Press)

President Donald Trump is threatening to get “much tougher” with China on trade if he wins re-election in 2020.

July 30, 2019
Government, Business, Logistics

Majority of Trade Aid Went to Biggest Farms, Study Finds

Farm Daniel Acker/Bloomberg News

More than half of the Trump administration’s trade war aid for farmers went to just 10% of the recipients in the program, according to analysis of payments by an environmental organization.

Mike Dorning | Bloomberg News
July 30, 2019
Government, Business, Logistics

US-China Talks Set to Resume as Neither Seems Eager for Deal

China Joe Raedle/Bloomberg News

Almost three months after their trade talks broke down in acrimony, Chinese and American negotiators meet again in Shanghai this week amid tempered expectations for breakthroughs in their yearlong trade war.

July 29, 2019

Aluminum Giant’s CEO Sees Trade War’s Lasting Impact on Use

Aluminum Dhiraj Singh/Bloomberg News

The trade war between the U.S. and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA CEO Hilde Merete Aasheim said.

Joe Deaux | Bloomberg News
July 26, 2019
Government, Business

China Allows Some Tariff-Free US Cotton, Pork Purchases

China Ty Wright/Bloomberg News

The Chinese government has approved several domestic companies to buy U.S. cotton, corn, sorghum and pork without being subject to hefty retaliatory tariffs, according to people familiar with the situation.

July 26, 2019
Government, Business

GDP Growth of 1.8% Seen for 2Q

GDP Meg Roussos/Bloomberg News

Trade tensions likely helped push down U.S. economic growth last quarter to match the slowest pace of Donald Trump’s presidency, with a robust consumer spending keeping things from looking even worse.

July 25, 2019