Economics

U.S. Jobs Market Revives

April 05, 2019 at 3:01 PM

The U.S. picked up a seasonally adjusted 196,000 jobs in March after slumping to an oddly low 33,000 in February.

U.S., China Tout Progress in Trade Talks

April 05, 2019 at 12:24 AM

The presidents of China and the U.S. say the two countries are making significant progress on a deal that could end their trade war a month from now.

UPDATE: Trump Revives Threat to Tax Cars from Mexico

April 04, 2019 at 3:16 PM

President Donald Trump says he’ll begin taxing cars from the country unless Mexico curbs the flow of illegal drugs to the U.S. a year from now.

Trump Softens Threat to Close Mexico Border

April 03, 2019 at 8:40 AM

President Donald Trump reiterates that he considers border security more important than trade but has backed off from his threat to completely shut down the Mexico border this week.

Ford Says “No-Deal” Brexit Could Kill Its U.K. Operations

April 03, 2019 at 1:19 AM

Ford Motor Co. warns it could end manufacturing operations in Britain if the U.K. ends up exiting the European Union this month with no new trade deals in place.

EU Still Stalled Over Scope of U.S. Trade Talks

April 02, 2019 at 5:09 PM

Tomorrow the European Union will again debate its willingness to negotiate on trade with the U.S., Bloomberg News reports.

Closed Mexico Border Could Cost Carmakers $70 Million per Hour

April 02, 2019 at 4:32 PM

President Donald Trump’s threat to completely close the Mexico border would idle much of the U.S. auto industry in days, according to the Center for Automotive Research in Ann Arbor, Mich.

Report: Japan, U.S. to Begin Trade Talks on April 15

April 02, 2019 at 11:08 AM

Trade envoys from Japan and the U.S. are likely to meet in Washington, D.C., on April 15-16 to begin high-level talks about reducing Japan’s auto trade surplus, sources tell Reuters.

U.S. Fourth-Quarter Growth Gets a Downward Tweak

March 29, 2019 at 12:12 AM

The U.S. gross domestic product grew 2.2% in the fourth quarter of 2018, down from an initial estimate of 2.6%, the Dept. of Commerce says.

BMW Presses On with British Mini EV Production Plan

March 26, 2019 at 2:58 AM

BMW AG plans to launch production of an all-electric Mini in the U.K. this year regardless of how Brexit plays out at the end of this month.

Trade Chief: Canada May Balk at New N.A. Trade Deal

March 26, 2019 at 12:35 AM

Canada’s top trade negotiator says many in her country object to ratifying an updated North American trade deal until the U.S. lifts tariffs on Canadian aluminum and steel.

Trump Says Foreign Cars Are No Security Threat

March 22, 2019 at 6:14 PM

When asked by Fox Business Network today if imported foreign cars present a security risk to the U.S., President Donald Trump replied, “Well, no.”