Finance

U.S.-Mexico-Canada Trade Deal Nears Closure

By: Bill Hampton - December 10, 2019 at 2:28 AM

The White House-coveted trade pact with Mexico and Canada, which has been simmering in the House of Representatives for months, is finally heading for a vote.

Job Growth Revives in U.S.

By: Bill Hampton - December 06, 2019 at 1:59 PM

Jobs growth in the U.S., which slowed to 156,000 new non-farm positions in October, jumped to a 10-month high of 266,000 in November.

Steel, Aluminum Rules Stall USMCA Trade Pact

By: Bill Hampton - December 06, 2019 at 1:27 PM

Efforts to finalize local content rules for aluminum and steel are stalling attempts to finalize a new trade deal with Canada, Mexico and the U.S.

Italy Says Fiat Undervalued Chrysler in Takeover

By: Bill Hampton - December 05, 2019 at 1:02 AM

After Fiat Group acquired Chrysler Group in 2014, it undervalued the American company by €5.1 billion ($5.6 billion), according to Italy’s tax bureau.

Trump Hints 11-Month Delay in “Phase-One” China Trade Deal

By: Bill Hampton - December 03, 2019 at 11:45 AM

President Donald Trump says a first-phase mini-trade deal with China may not happen until next November.

Germany’s Auto Jobs Boom Collapses

By: Bill Hampton - December 02, 2019 at 12:25 PM

The German auto industry, which has been steadily hiring more workers for a decade, has shifted to shrinkage mode.

U.S. Economy Grew at 2.1% Rate in 3Q

By: Bill Hampton - November 27, 2019 at 11:42 AM

The American economy expanded by an upwardly revised 2.1% in the third quarter, according to the U.S. Dept. of Commerce.

China, U.S. Move Closer to Phase 1 Trade Deal

By: Bill Hampton - November 26, 2019 at 1:19 AM

China’s Ministry of Commerce claims the U.S. and China have reached a “consensus on properly resolving relevant issues” in their year-long trade war.

South Korea, Indonesia Finalize Free Trade Pact

By: Bill Hampton - November 25, 2019 at 1:01 PM

South Korea and Indonesia completed more than seven years of trade talks today on a free trade deal that will drop tariffs on cars and steel.

China Unveils New Guidelines on Intellectual Property Protection

By: Bill Hampton - November 25, 2019 at 12:30 PM

China has announced stricter guidelines to protect copyright, patent and other intellectual property rights.

PSA Insists Merger with FCA Is on Track

By: Bill Hampton - November 22, 2019 at 3:56 PM

A PSA source tells Reuters the company’s merger with Fiat Chrysler Automobiles is moving ahead in spite of this week’s racketeering lawsuit against FCA by General Motors.

UPDATE: U.S. “Section 232” Tariff Option Expires for Auto Imports

By: Bill Hampton - November 19, 2019 at 6:05 PM

President Donald Trump can no longer use the Trade Expansion Act to justify protective tariffs on foreign-made cars on national security grounds.