Economics

U.S. Fuel Prices May Reach $3 Per Gallon by Summer

March 08, 2019 at 2:18 AM

Average gasoline prices in the U.S. continue to rise, buoyed by rising consumption and falling fuel supplies.

Central Bank Unveils Stimulants for EU Economy

March 07, 2019 at 12:17 PM

The European Central Bank is taking steps to revive the European Union’s softening economy.

U.S. Trade Deficit Hits 10-Year High

March 06, 2019 at 9:45 AM

The U.S. goods and services trade deficit grew by $69 billion to a 10-year high of $621 billion in 2018, according to government data.

U.S. Plans to Drop Preferred Trade Status for India, Turkey

March 05, 2019 at 12:34 AM

The Trump administration says it will withdraw preferential trade status for India and Turkey, claiming that neither country qualifies for duty-free access to the U.S. market.

U.S. Fuel Prices Rise 19 Cents in Two Months

March 04, 2019 at 1:02 PM

The average price of standard-grade gasoline in the U.S. has climbed to $2.42 per gallon, up 19 cents since the beginning of the year, AAA says.

U.S. Trade Chief to Meet UAW on NAFTA Update

March 04, 2019 at 12:00 AM

U.S. Trade Representative Robert Lighthizer will meet tomorrow with United Auto Workers union leaders to tout the tentative update to the North American Free Trade Agreement.

U.S. Economic Growth Slows to 2.6%

February 28, 2019 at 1:27 PM

The U.S. gross domestic product expanded by an annualized 2.6% in the fourth quarter of 2018. Economists had predicted a rate of about 2.3%.

Report: EU May Delay Brexit until 2021

February 25, 2019 at 1:45 AM

The European Union’s top officials are developing a plan that would give the U.K. another 21 months to finalize its plan to leave the EU, sources tell The Guardian.

Trump Extends Deadline on China Tariffs

February 25, 2019 at 12:13 AM

President Donald Trump says he will delay a threat to impose higher tariffs on imported Chinese goods on March 1, citing “substantial” progress in last week’s trade talks between the two countries.

EU Trade Chief Upbeat on Narrow Deal with U.S.

February 21, 2019 at 12:55 PM

A trade deal between the European Union and U.S. that focuses on industrial goods could be accomplished “quite quickly,” says EU Trade Commissioner Cecilia Malmstrom.

VW Says U.S. Car Tariffs Would Cost It $2.8 Billion

February 21, 2019 at 11:35 AM

Volkswagen Group profits would fall by as much as €2.5 billion ($2.8 billion) if the U.S. hikes its import tariffs on cars to 25%, says CEO Herbert Diess.

Trump Reaffirms Threat of Tariffs on Cars from EU

February 20, 2019 at 3:19 PM

President Donald Trump reiterated to reporters earlier today that he will impose tariffs on cars from the European Union if talks fail to produce a more balanced trade deal.