Economics

China Will Drop Tariffs on U.S. Vehicles to 15%

December 14, 2018 at 10:15 AM

China confirms reports that it will drop its import tariffs on American-made vehicles for three months, beginning Jan. 1.

China Rethinks China-First Industry Policy

December 13, 2018 at 12:20 AM

China is poised to delay its aim to dominate in manufacturing by 2025 and instead grant easier access for foreign companies.

China Considers Lowering Tariffs on U.S. Cars

December 11, 2018 at 10:35 AM

China’s central government is considering a proposal to lower its 40% tariff on vehicles from the U.S. to 15%, sources tell Bloomberg News.

U.K. Delays Parliament Brexit Vote

December 10, 2018 at 5:09 PM

British Prime Minister Theresa May has agreed to postpone a Dec. 11 parliamentary vote on her compromise plan for the U.K.’s scheduled exit from the European Union next spring.

OPEC, Russia Agree to Cut Oil Production

December 10, 2018 at 12:10 AM

Oil ministers from OPEC, Russia and other producers have agreed to reduce their collective output by 1.2 million barrels of crude per day in an effort to bolster petroleum prices.

U.S. Fuel Prices Fall To Record Low for the Year

December 07, 2018 at 1:06 AM

The average price of regular-grade gasoline in the U.S. fell to $2.44 per gallon this week, its lowest this year, AAA reports.

Success for NAFTA Update Hinges on Compromise

December 06, 2018 at 10:51 AM

Whether President Donald Trump’s deal to update NAFTA is ratified by Congress will depend on his willingness to compromise on details, says Bloomberg News.

Qatar Quits OPEC Oil Cartel

December 04, 2018 at 12:50 AM

Qatar, the world’s largest exporter of liquified natural gas, says it will quit the Organization of the Petroleum Exporting Countries in January.

Trump Threatens to Pull Out of NAFTA Ahead of New Pact

December 03, 2018 at 12:29 AM

President Donald Trump says he will terminate U.S. participation in the North American Free Trade Agreement “shortly,” thereby giving Congress six months in which to ratify a proposed replacement.

U.S., China Call Truce in Trade War

December 03, 2018 at 12:11 AM

The U.S. and China have to freeze tariffs on each other’s goods for the next three months.

U.S. Tariffs Continue on Steel, Aluminum from Canada and Mexico

November 30, 2018 at 2:07 PM

The new regional trade deal by Canada, Mexico and the U.S. has not lifted the tariffs of 25% on steel and 10% aluminum imposed by the Trump administration in May.

Canada, Mexico, U.S. Sign New Trade Pact

November 30, 2018 at 12:56 PM

Today the leaders of the U.S., Canada and Mexico signed a trade pact intended to succeed the North American Free Trade Agreement.