Economics

Trump Poised to Add Tariffs for All Chinese Imports

July 20, 2018 at 1:30 PM

President Donald Trump says he is ready to impose protective U.S. tariffs on virtually all goods from China.

Auto Industry Presents a United Front Against Tariffs on Foreign Cars

July 19, 2018 at 12:00 PM

Carmakers and suppliers are delivering a loud and consistent message today at a U.S. Dept. of Commerce public hearing: Don’t levy protective tariffs on imported cars.

Trump Floats Bilateral Trade Pact with Mexico

July 19, 2018 at 1:06 AM

President Donald Trump, reviving his threat to dump NAFTA, says the U.S. may strike a bilateral deal with Mexico and negotiate a similar pact with Canada “at a later time.”

Japan, EU Agree To Drop Import Taxes on Cars

July 17, 2018 at 2:31 PM

Japan and the European Union have agreed to remove the EU’s 10% tariff on Japanese cars and 3% tax on car parts.

EU Seeks to Avert U.S. Car Tariffs in July 25 Meeting

July 17, 2018 at 1:30 PM

The European Union hopes to reach an agreement with President Donald Trump next week to avert U.S. plans to slap a 20% tariff on cars made in Europe.

China Files WTO Complaint About U.S. Tariffs

July 16, 2018 at 6:35 PM

China has filed a complaint with the World Trade Organization about the Trump administration’s threatened import tariffs on $200 billion worth of Chinese goods.

Report Says Oil Demand Will Peak in 2036

July 16, 2018 at 2:30 PM

Global demand for oil will peak in less than 20 years, thanks to a “tectonic” shift to electric and autonomous vehicles, predicts Wood Mackenzie Ltd.

Report: U.S. Carmakers Likely to Spread Tariff Hit Across All Models

July 16, 2018 at 11:06 AM

If the U.S. raises tariffs on imported cars, companies that operate factories in the U.S. will probably spread the cost over all their models, Automotive News reports.

China’s 2Q Economy Expands 6.6%

July 16, 2018 at 1:48 AM

China’s gross domestic product expanded 6.7% in April-June, according to government data.

Trump: EU Can Avert Car Tariffs with “Good Faith” Trade Talks

July 12, 2018 at 10:13 AM

President Donald Trump says he will slap tariffs on cars from the European Union if the EU fails to commit to “good faith” negotiations to lower its own import taxes.

Oil Prices Plunge as Libya Boosts Exports

July 12, 2018 at 1:39 AM

Oil futures suffered sharp one-day declines on Wednesday over news that Libya plans to hike its petroleum exports.

U.S. Heads for Record-High Oil Production

July 11, 2018 at 1:42 AM

U.S. output of crude oil averaged 10.9 million barrels per day in June and will likely average an all-time high of 10.8 million bpd for 2018.