Economics

Trade Panel Says New NAFTA Will Hurt Sales

April 18, 2019 at 5:34 PM

The Trump administration’s proposed successor to NAFTA will generate more than 28,000 auto-related jobs but cut annual car sales in the U.S. by 140,000 units, according to the U.S.

White House Says New NAFTA Will Spur $34 Billion Expansion

April 18, 2019 at 3:23 PM

The Trump administration tells reporters the trade deal it reached last year with Mexico and Canada will create 76,000 U.S. auto jobs and generate $34 billion in new investments in the American auto industry.

EU Envoys Okay Trade Talks with U.S. on Industrial Goods

April 11, 2019 at 3:04 PM

Trade officials from the European Union’s 28 member nations have agreed to open talks with the U.S. about lowering tariffs on industrial-sector goods, sources tell Bloomberg News.

Brexit Delayed to the End of October

April 11, 2019 at 2:01 PM

The European Union has agreed to extend the formal deadline for the U.K. to leave the bloc to Oct. 31.

IMF: Global Economy at a “Delicate Moment”

April 10, 2019 at 1:30 AM

The world’s economy, which expanded by 3.6% last year, will grow 3.3% this year—down from an earlier forecast of 3.5%, the International Monetary Fund predicts.

Canada Ponders New Tariffs on U.S. Goods

April 09, 2019 at 4:22 PM

Canada may expand its list of U.S. goods subject to retaliatory tariffs that followed U.S. taxes on imported Canadian aluminum and steel.

Mexico Border Delays Cut Trucks to U.S. by 50%

April 09, 2019 at 12:36 AM

Backups at the Mexican border to the U.S. slashed the flow of northbound trucks by half last week, Reuters reports.

Mexico Strengthens Labor Laws to Suit New Trade Deal

April 08, 2019 at 1:56 PM

Mexico is pushing through legislation to bolster workers’ rights and comply with the pending update to the North American Free Trade Agreement.

U.S. Jobs Market Revives

April 05, 2019 at 3:01 PM

The U.S. picked up a seasonally adjusted 196,000 jobs in March after slumping to an oddly low 33,000 in February.

U.S., China Tout Progress in Trade Talks

April 05, 2019 at 12:24 AM

The presidents of China and the U.S. say the two countries are making significant progress on a deal that could end their trade war a month from now.

UPDATE: Trump Revives Threat to Tax Cars from Mexico

April 04, 2019 at 3:16 PM

President Donald Trump says he’ll begin taxing cars from the country unless Mexico curbs the flow of illegal drugs to the U.S. a year from now.

Trump Softens Threat to Close Mexico Border

April 03, 2019 at 8:40 AM

President Donald Trump reiterates that he considers border security more important than trade but has backed off from his threat to completely shut down the Mexico border this week.