Economics

Trump Delays Hike for China Tariffs by 2 Weeks

September 12, 2019 at 12:09 AM

President Donald Trump says the U.S. will suspend until Oct. 15 its plan to hike tariffs on some $250 billion worth of Chinese goods.

VW Cites “Scary” Effects of Prolonged Trade War

September 11, 2019 at 7:41 AM

Volkswagen Group CEO Herbert Diess tells Bloomberg TV that trade issues have pushed an otherwise healthy car market in China into a “scary” recessionary slump.

China’s Export Volume Shrinks

September 09, 2019 at 12:28 AM

China says its export volume fell 1% in August, led by a 16% drop in shipments to the U.S.

U.S. Productivity Rises As Manufacturing Slows

September 06, 2019 at 12:54 AM

Nonfarm productivity in the U.S. grew by an annualized 2.3% in the second quarter compared with a 3.5% gain in January-March, the U.S. Dept. of Labor reports.

Japan, U.S. Scurry to Clarify Trade “Deal”

September 06, 2019 at 12:27 AM

Trade negotiators are scrambling to deliver at least the broad strokes of a trade pact that President Donald Trump hopes to sign with Japan Prime Minister Shinzo Abe late this month.

U.S., China to Resume Face-to-Face Trade Talks

September 05, 2019 at 2:01 AM

China and the U.S. say their top trade envoys will meet in person in Washington, D.C., next month in an effort to revive stalled trade talks.

U.S., China Exchange New Tariff Hikes

September 02, 2019 at 1:37 AM

The U.S. began applying 15% tariffs on Sept. 1 that cover about $110 billion worth of imported Chinese goods.

UPDATE: U.S. Readies New 15% Tariffs on China Goods

August 29, 2019 at 3:13 PM

The Trump administration says it will begin collecting a 15% tariff on $300 billion worth of Chinese products in a two-step process that starts this weekend.

U.S. Economic Growth Slows to 2%

August 29, 2019 at 11:05 AM

Growth in U.S. real gross domestic product slowed to a downwardly revised 2.0% in the second quarter of 2019 from an annualized 3.1% in January-March, according to the Bureau of Economic Analysis.

Japan’s Suppliers Stymied by Delayed USMCA

August 28, 2019 at 2:10 PM

Delays in ratifying the updated North American Free Trade Agreement are leaving Japanese parts suppliers uncertain about where to invest in new capacity, The Nikkei reports.

U.S., Japan Agree on Outline of Trade Pact

August 26, 2019 at 6:07 PM

President Donald Trump and Prime Minister Shinzo Abe agreed yesterday to the elements of a trade deal between the U.S. and Japan.

UPDATE: Trump Says China Talks Are On Again

August 26, 2019 at 2:52 AM

President Donald Trump capped a tumultuous weekend of escalation in the U.S. trade war with China early today by declaring that China has asked to resume talks.