Economics

Fed, Citing Strong Economy, Raises Interest Rates

September 26, 2018 at 4:16 PM

As expected, the U.S. Federal Reserve increased its benchmark lending rate by 0.25 of a point to a range of 2%-2.25%.

Japan-U.S. Agree to Set Framework for Trade Talks

September 25, 2018 at 5:52 PM

Envoys from Japan and the U.S. agreed earlier today to establish a framework for expanding trade and tariffs talks between the two countries.

White House Ready to Move on Without Canada on NAFTA Update

September 25, 2018 at 2:46 PM

U.S. Trade Representative Robert Lighthizer says the Trump administration is prepared ignore Canada and move ahead with a U.S.-Mexico update for NAFTA.

U.S., South Korea Sign Updated Free Trade Deal

September 25, 2018 at 1:33 AM

South Korea and the U.S. formally updated their KORUS free-trade agreement on Monday, cinching President Donald Trump’s first major trade deal.

China Accuses U.S. of Bullying as New Tariffs Take Effect

September 24, 2018 at 12:58 PM

China’s State Council accuses the U.S. of brazen protectionism and false claims in a sharply worded retort to new tariffs that went into effect today on $200 billion worth of imported Chinese goods.

Oil Prices Jump to 4-Year High

September 24, 2018 at 11:03 AM

Oil futures neared a four-year high of $81 per barrel in Europe today after major oil producers outside the U.S. decided yesterday against raising output.

Daimler to Ship Indian-Made SUVs to U.S.

September 24, 2018 at 12:18 AM

Daimler AG plans to supply some of its GLC small crossover vehicles to the U.S. from the company’s assembly plant in Pune, India, Automotive News reports.

U.S.-Canada NAFTA Talks Stall Again

September 21, 2018 at 1:12 AM

Top-level negotiators have again failed to reach accord about including Canada in an updated North American Free Trade Agreement.

No Canadian NAFTA Deal Likely This Week

September 20, 2018 at 1:06 AM

Intensive trade talks between Canada and the U.S. will resume today, but the prospect of a tentative accord to update NAFTA appears unlikely this week.

Canada, U.S. Resume NAFTA Talks Today

September 19, 2018 at 1:14 AM

Top trade envoys from the U.S. and Canada are scheduled to resume high-level talks today in Washington, D.C., in a renewed effort to reach agreement on a deal to update NAFTA.

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

September 18, 2018 at 3:14 PM

China says it will begin collecting tariffs on $60 billion worth of goods from the U.S. on Sept. 24.

Trump Adds Tariffs on $200 Billion in Chinese Goods

September 18, 2018 at 12:20 AM

As expected, President Donald Trump has imposed tariffs on $200 billion worth of imported Chinese products.