Economics

Growth in China’s Industrial Output at 17-Year Low

June 14, 2019 at 8:58 AM

The pace of industrial output in China slumped in May to its slowest pace in 17 years, according to National Bureau of Statistics.

Trump, Trudeau to Discuss Trade Pact Next Week

June 14, 2019 at 4:25 AM

Canada Prime Minister Justin Trudeau will meet with President Donald Trump on June 20 to discuss ratifying their countries’ updated trade deal with Mexico.

Fuel Prices Poised to Plunge in U.S.

June 11, 2019 at 1:50 AM

Gasoline prices in the U.S., which have been sliding for a week, could drop another 16 cents per gallon this week, Bloomberg News reports.

Trump Threatens Even Higher Levies on Chinese Goods

June 11, 2019 at 1:03 AM

President Donald Trump told reporters yesterday that he may hike tariffs on $300 billion worth of Chinese goods above 25% unless China President Xi Jinping meets with him at the end of June.

Trump Revives Threat of Tariffs on Mexican Goods

June 10, 2019 at 6:58 PM

Three days after declaring his threatened tariffs against Mexican imports “suspended indefinitely,” President Donald Trump says he might impose them after all.

U.K. Economy Shrinks as Auto Production Slumps

June 10, 2019 at 12:03 PM

A sharp drop in vehicle production in March caused the British economy to shrink 0.4% between March and April, according to the U.K.’s Office for National Statistics.

Trump Suspends Mexico Tariff Threat

June 10, 2019 at 12:05 AM

On Friday night, President Donald Trump withdrew his widely opposed threat to impose a 5% tariff on all goods from Mexico that was to take effect today.

U.S. Jobs Growth Slows Sharply

June 07, 2019 at 12:13 PM

American businesses added only 75,000 jobs in May compared with an expected 175,000 positions, according to the U.S. Dept. of Labor.

Report: U.S. May Delay Tariffs on Mexican Goods

June 06, 2019 at 4:17 PM

The White House could delay President Donald Trump’s threat to impose tariffs on Mexican goods beginning Monday, sources tell Bloomberg News.

U.S. Denies GM Tariff Waiver on Buicks from China

June 05, 2019 at 3:10 AM

General Motors Co. has been denied an exemption from the Trump administration’s 25% import tariff on Buick Envision small crossover vehicles imported from China.

Republican Party Backlash Grows Over Trump’s Mexico Tariff

June 05, 2019 at 12:42 AM

Several Republican senators warned the White House yesterday that President Donald Trump can expect diminished support at best for his plan to launch a 5% import tax on Monday for goods from Mexico.

Trump Charges Ahead with Timetable for Mexico Tariff

June 04, 2019 at 1:25 PM

President Donald Trump reiterates his determination to levy a 5% import tariff on all goods from Mexico beginning June 10, regardless of negotiations to avoid the levy.