Economics

Trade Talks Between U.S., China Tiptoe Forward

January 10, 2019 at 1:12 AM

China has agree to buy more U.S. products as a result of three days of mid-level negotiations in Beijing this week. But the two countries remain far apart on key issues.

EU Prepares to Open Trade Talks with U.S.

January 09, 2019 at 12:20 PM

The European Commission says it is developing a draft request to the EU’s 28 member states to begin negotiations with the U.S. on a free trade agreement.

U.S. Added 312,000 Jobs in December

January 04, 2019 at 12:15 PM

Businesses in the U.S. added 312,000 jobs in December, the biggest monthly total since February, according to the Dept. of Labor.

U.S. Links Trade Deal with U.K. to “Hard” Brexit

January 01, 2019 at 12:38 PM

America’s ambassador to the U.K. says a quick and “massive” bilateral trade agreement between the two countries won’t be possible without a clean British exit from the European Union next spring.

China Says It’s “Ready to Work” on U.S. Trade Accord

December 31, 2018 at 1:00 AM

China’s central government says it “stands ready to work” on trade reforms with the U.S. to avert a new round of tariffs 90 days from now.

Oil Prices Just Keep Sliding

December 20, 2018 at 3:03 PM

The price of oil futures continues to drop on trader worries that global demand will shrink faster than producers cut their output.

Fed Raises Interest Rates

December 19, 2018 at 3:48 PM

As expected, the Federal Reserve raised its U.S. benchmark interest rate by one-quarter point to a range of 2.25%-2.5%, citing a still-strong economy.

December Fuel Prices at Two-Year Low in U.S.

December 19, 2018 at 12:12 AM

The average retail price of a gallon of regular grade gasoline in the U.S. has dropped to $2.37 this week, down from $2.42 a year ago to a two-year low for the month, says AAA.

China Will Drop Tariffs on U.S. Vehicles to 15%

December 14, 2018 at 10:15 AM

China confirms reports that it will drop its import tariffs on American-made vehicles for three months, beginning Jan. 1.

China Rethinks China-First Industry Policy

December 13, 2018 at 12:20 AM

China is poised to delay its aim to dominate in manufacturing by 2025 and instead grant easier access for foreign companies.

China Considers Lowering Tariffs on U.S. Cars

December 11, 2018 at 10:35 AM

China’s central government is considering a proposal to lower its 40% tariff on vehicles from the U.S. to 15%, sources tell Bloomberg News.

U.K. Delays Parliament Brexit Vote

December 10, 2018 at 5:09 PM

British Prime Minister Theresa May has agreed to postpone a Dec. 11 parliamentary vote on her compromise plan for the U.K.’s scheduled exit from the European Union next spring.