Economics

Trump: U.S. “Not Ready” for China Trade Deal

May 27, 2019 at 1:16 PM

President Donald Trump declares the U.S. is “not ready” to make a trade pact with China, even though he believes China “would like to make a deal.”

China Hints It Could Embargo Rare Earth Minerals to U.S.

May 24, 2019 at 1:54 AM

China hints it might counter a U.S. escalation in the trade war between the countries by restricting exports of its rare earth minerals used in electric cars and consumer electronics.

U.S.-Japan Trade Talks Off to a Shaky Start

May 23, 2019 at 4:06 PM

Working level talks about avoiding hefty U.S. tariffs on cars from Japan began with the two sides far apart, The Nikkei reports.

Toyota Rebukes Trump Over Car Tariff Threat

May 20, 2019 at 1:24 AM

President Donald Trump’s continuing threats to slap 25% tariffs on foreign-made cars prompted a strongly worded rebuke from Toyota Motor Corp. last weekend.

U.S. Lifts Metals Tariffs for Canada, Mexico

May 20, 2019 at 12:12 AM

The U.S. has agreed to exempt Canada and Mexico from its 25% tariffs on steel and 10% tariffs on aluminum.

Trump Postpones Auto Tariff Decision for 6 Months

May 17, 2019 at 10:44 AM

As expected, President Donald Trump announced today he will delay for 180 days a decision about imposing tariffs as great as 25% on foreign cars.

U.S. Closer to Ending Metal Tariffs for Canada, Mexico?

May 15, 2019 at 5:03 PM

The White House says it is “close to an understanding” with Canada and Mexico about lifting U.S. tariffs of 25% on steel and 10% on aluminum from the two countries.

U.S. Fuel Prices Slip as Demand Falls

May 15, 2019 at 4:23 PM

Consumer demand for gasoline in the U.S. fell 8% last week to 9.1 million barrels per day, the lowest monthly rate in four years.

Trump May Delay Decision on Auto Tariffs for 6 Months

May 15, 2019 at 11:18 AM

President Donald Trump reportedly will announce on Saturday that he is shelving a decision to hike tariffs on imported cars for as long as six months.

Trump Ponders Tariffs on Another $325 Billion in Chinese Imports

May 14, 2019 at 12:35 AM

President Donald Trump says he has made no decision whether to supplement last Friday's 25% tariffs on $200 billion worth of Chinese imports with levies on an additional $325 billion in goods.

China Hikes Tariffs on Another $60 Billion in U.S. Goods

May 13, 2019 at 12:52 PM

China’s finance ministry say it will respond to the latest round of U.S. tariffs with new taxes between 5% and 25% on $60 billion worth of U.S. goods, starting June 1.

U.S. Says Imported Cars Account for Half Its Trade Deficit

May 10, 2019 at 4:24 PM

Imported cars account for half the overall U.S. trade deficit, according to Commerce Secretary Wilbur Ross.