Economics

How Tariffs Are Hurting Suppliers

January 14, 2019 at 12:00 AM

Suppliers to the auto industry are paying hundreds of millions of dollars extra because of tariffs of 25% and 10% on steel and aluminum, respectively, says the Motor & Equipment Manufacturers Assn.’s Ann Wilson.

Honda to Suspend Output in U.K. for 6 Days after Brexit

January 10, 2019 at 5:11 PM

Honda Motor Co. is the latest carmaker to announce plans to halt production in the U.K. immediately after Britain leaves the European Union at the end of March.

U.S. Fuel Prices Drop as Gasoline Supplies Rise

January 10, 2019 at 11:21 AM

The average retail price of a gallon of gasoline in the U.S. has dropped 18 cents to $2.24 in the past month as fuel inventories continue to climb, AAA reports.

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.