Economics

UPDATE: U.S. “Section 232” Tariff Option Expires for Auto Imports

By: Bill Hampton - November 19, 2019 at 6:05 PM

President Donald Trump can no longer use the Trade Expansion Act to justify protective tariffs on foreign-made cars on national security grounds.

No Decision Yet on U.S. Auto Tariffs

By: Bill Hampton - November 19, 2019 at 1:45 AM

President Donald Trump has not yet announced whether he will impose import taxes as great as 25% on foreign-made cars and components.

GM Strike Cut Auto Industry Production by 7%

By: Bill Hampton - November 15, 2019 at 3:21 PM

The 40-day strike by the United Auto Workers union against General Motors Co. lowered the U.S. auto industry’s output 7% in October.

U.S. Deal on USMCA Trade Pact Weeks Away?

By: Bill Hampton - November 14, 2019 at 4:21 PM

Congressional Democrats say they are very close to a deal on legislation to ratify the new U.S. trade agreement with Mexico and Canada.

Fed Predicts Continued Growth for U.S. Economy

By: Bill Hampton - November 13, 2019 at 5:34 PM

Federal Reserve Chairman Jerome Powell predicts “sustained” economic expansion and a strong labor market for the U.S.

Trump Expected to Delay 25% Tariffs on Cars

By: Bill Hampton - November 13, 2019 at 2:08 AM

President Donald Trump is widely expected this week to again extend a self-imposed deadline on whether to tax foreign-made cars on national security grounds.

Oil Demand Will Slow but Not Stop Through 2040

By: Bill Hampton - November 13, 2019 at 1:36 AM

Growth in worldwide demand for oil will slow by 2025 but not shrink until sometime after 2040, the Paris-based International Energy Agency predicts.

Trump Says He Hasn’t Agreed to Cut China Tariffs

By: Bill Hampton - November 08, 2019 at 1:29 PM

President Donald Trump disputes reports that he has agreed to roll back U.S. tariffs on Chinese goods in step with gains in trade negotiations between the two countries.

EC: U.S. Won’t Impose Tariffs on European Cars

By: Bill Hampton - November 07, 2019 at 3:46 PM

The U.S. won’t impose protective tariffs on cars from Europe, says Jean-Claude Juncker, the outgoing president of the European Commission.

China, U.S. Agree to Phased Rollback for Tariffs

By: Bill Hampton - November 07, 2019 at 1:22 PM

China says it and the U.S. have agreed to simultaneously roll back trade tariffs on each other’s goods in steps that match progress on a broad trade deal.

U.S.-China to Postpone “Phase 1” Treaty Signing?

By: Bill Hampton - November 07, 2019 at 1:25 AM

Presidents Donald Trump and Xi Jinping may not sign a partial trade agreement on behalf of the U.S. and China until next month.

China Demands Tariff Cuts for Partial Trade Deal

By: Bill Hampton - November 05, 2019 at 2:30 AM

China wants the Trump administration to slash its tariffs on some $360 billion worth of Chinese imports in exchange for a partial trade agreement.