Economics

China’s Economic Growth Slows Further

October 18, 2019 at 1:42 AM

China says its gross domestic product expanded by 6% in the third quarter, the slowest pace since the current measure of GDP was adopted 27 years ago.

U.K., EU Reach Tentative Brexit Deal

October 17, 2019 at 3:03 PM

British Prime Minister Boris Johnson and the head of the European Union say they have reached a deal for a “soft” U.K. exit from the EU at the end of October.

SMMT: “Hard” Brexit May Kill U.K. Auto Industry

October 16, 2019 at 12:36 AM

A British exit from the European Union that doesn’t include a trade deal will jeopardize the future of the U.K.’s auto industry, warns the Society of Motor and Manufacturers and Traders.

Global Economic Growth at 10-Year Low

October 15, 2019 at 11:50 AM

The world’s economy is expanding at its slowest pace since the Great Recession a decade ago, the International Monetary Fund says.

Challenge for China-U.S. Trade Truce: Specifics

October 14, 2019 at 2:41 AM

The new challenge for trade negotiators from China and the U.S. will be to clarify exactly what was decided by last Friday’s truce in their simmering trade war.

China, U.S. Make Headway on Trade Pact

October 11, 2019 at 5:10 PM

China and the U.S. agreed on Friday to “phase one” steps to de-escalate their trade war and attempt to reach a broad agreement that each country’s leader could sign by year-end.

Trump, Top China Envoy, to Meet on Trade Today

October 11, 2019 at 2:10 AM

President Donald Trump, saying revived trade talks with China went “very, very well” yesterday, plans to meet this afternoon with China Vice Premier Lieu He.

Hopes Low as U.S., China Resume Trade Talks

October 10, 2019 at 1:51 AM

The U.S. and China are to resume trade negotiations today in Washington, D.C., but expectations of a major breakthrough are next to nil.

Labor’s Take on USMCA: Not Ready for Approval

October 09, 2019 at 4:46 PM

The head of the AFL-CIO labor union claims that any attempt to ratify the U.S.-Mexico-Canada Agreement next month will fail.

NADA Urges Congress to Ratify USMCA

October 08, 2019 at 4:42 PM

The U.S. Congress should quickly ratify the U.S.-Mexico-Canada Agreement to avoid disrupting the North American auto industry, the country’s car dealer group says.

IMF: Global Economy Faces “Synchronized” Drop

October 08, 2019 at 3:11 PM

The world’s economy is in a “synchronized slowdown,” says Kristalina Georgieva, new head of the International Monetary Fund.

Trump Pledges No New Tariffs on Japanese Cars

October 08, 2019 at 12:40 AM

The limited trade pact signed yesterday by Japan and the U.S. includes President Donald Trump’s verbal assurance that the U.S. will not impose new tariffs on cars from Japan, at least for now.