Economics

No Progress on U.S.-China Trade Pact

May 10, 2019 at 3:14 PM

U.S. and Chinese negotiators ended another round of high-level trade talks in Washington, D.C., on Friday with no discernable progress in ending the trade war between the two countries.

U.S. Hikes Tariffs on China Goods as Trade Talks Falter

May 10, 2019 at 1:34 AM

The White House formally hiked tariffs to 25% from 10% on $200 billion worth of Chinese goods this morning after trade talks failed to resolve the U.S.-China trade war.

Report: White House Likely to Delay Auto Tariffs Decision

May 08, 2019 at 6:04 PM

Several carmakers tell Reuters that the Trump administration may delay a scheduled May 18 decision to levy tariffs as great as 25% on imported cars.

China Agrees to Continue Trade Talks with U.S.

May 08, 2019 at 4:57 PM

China’s top trade negotiator has agreed to meet with his U.S. counterparts in Washington, D.C., on May 9 to continue efforts to end the trade war between the countries.

U.S.-China Trade Talks Back in Limbo Again

May 06, 2019 at 6:02 PM

An accord to end the trade war between the U.S. and China remains elusive after the U.S. accused China of reneging on commitments that had made a deal appear imminent.

U.S. Rejects Tesla Bid for Relief on China Tariffs

May 06, 2019 at 2:50 AM

Trade officials in the U.S. have turned down Tesla Inc.’s request to be spared 25% import tariffs on Autopilot computer controls imported from China, Reuters reports.

Trump Threatens to Hike Tariffs on Chinese Goods

May 06, 2019 at 1:03 AM

President Donald Trump, who a week ago was bullish on a trade deal with China by mid-May, now says he will hike tariffs on $200 billion worth of China on Friday because the talks are moving too slowly.

MEMA Urges Congress to Pass NAFTA Update

May 03, 2019 at 12:16 AM

The Motor & Equipment Manufacturers Assn. urges Congress to ratify the U.S.-Mexico-Canada Agreement without delay for the sake of bolstering the supply industry.

Federal Reserve Leaves Interest Rate Unchanged

May 01, 2019 at 4:51 PM

As expected, the U.S. Federal Reserve voted unanimously today not to change its benchmark interest rate from the current 2.25%-2.5%.

U.S.-China Trade Talks Move to Beijing

April 30, 2019 at 1:24 AM

Top-level trade talks between the U.S. and China began in Beijing today in hopes of reaching an accord by mid-May.

U.S. Fuel Prices at Record High for the Year

April 30, 2019 at 12:16 AM

The average price for a gallon of regular-grade gasoline climbed to $2.88 yesterday, its highest price this year, according to auto insurance giant AAA.

Trump Pushes Japan Again to Make More Cars in U.S.

April 29, 2019 at 12:06 AM

When President Donald Trump met last week with Japan Prime Minister Shinzo Abe, he reiterated his demand that Japanese carmakers produce more cars in the U.S.