Economics

U.S. Proposes New Trade Talks with China

September 13, 2018 at 12:48 AM

The Trump administration has invited China to resume high-level trade talks and ease escalating trade tensions between the countries.

Oil Prices Surge to 4-Month High

September 12, 2018 at 12:21 PM

Oil futures climbed to $80 per barrel today after an unexpectedly sharp drop in U.S. inventories of crude.

Still No Results on Canada-U.S. NAFTA Talks

September 11, 2018 at 4:04 PM

Trade negotiators made little apparent headway today in their latest meeting about how to include Canada in a tentative deal between the U.S. and Mexico to update the North American Free Trade Agreement.

U.S. Adds Another 201,000 Jobs

September 10, 2018 at 11:27 AM

The U.S. created another 201,000 jobs in August, as the country’s unemployment rate remained steady at 3.9%.

Trump May Announce $200 Billion in China Tariffs Today

September 07, 2018 at 1:50 AM

The Trump administration may confirm as soon as today that it will levy tariffs on $200 billion worth of Chinese goods.

Democrats Vow Fight if NAFTA Update Excludes Canada

September 06, 2018 at 4:28 PM

Democratic Party leaders say they will reject any revised NAFTA deal that doesn’t include Canada—assuming they win enough House seats to do so, Bloomberg News reports.

U.S.-Canada Trade Talks Plod Along

September 06, 2018 at 12:12 AM

Trade negotiators from Canada and the U.S. had no progress to report Wednesday evening after a renewed effort to update NAFTA that began last weekend.

No Relief Expected on U.S. Gasoline Prices

September 05, 2018 at 4:35 PM

Average gasoline prices—which spent last weekend’s Labor Day holiday at a four-year high of $2.83 per gallon—aren’t likely to ease much between now and the end of next year.

U.S. Factory Activity at 14-Year High

September 04, 2018 at 3:55 PM

Factory activity in the U.S. accelerated to its fastest pace in more than 14 years last month, thanks to gains in output, sales, new orders and employment.

Trump Ramps Up the Canada Trade Threats

September 03, 2018 at 12:47 AM

President Donald Trump has turned up the volume on his threats to exclude Canada in a new NAFTA trade pact between the U.S. and Mexico. 

U.S.-Canadian NAFTA Talks Stumble

August 31, 2018 at 3:26 PM

The slim chances of a last-minute accord today for Canada to join a tentative trade pact between the U.S. and Mexico evaporated after President Donald Trump said any deal would be “totally on our terms.”

Trump on EU Offer to Drop Tariffs: “Not Good Enough”

August 31, 2018 at 12:17 AM

President Donald Trump tells Bloomberg News that an offer made hours earlier by the European Union to eliminate its 10% tariff on foreign cars is “not good enough.”