Trade News Updates

GovernmentBusiness

In Times of Trade War, Companies Get Creative to Avoid Tariffs

Facing the barrage of President Donald Trump’s tariffs, Steve Katz is ducking for cover in the trade-war version of a demilitarized zone.

August 10, 2018
GovernmentBusiness

US Trade Deficit Widens by $46.3 Billion in June

WASHINGTON — The U.S. trade deficit widened in June for the first time in four months as exports fell and imports grew. Politically sensitive trade gaps with China, Mexico and Canada increased.

August 3, 2018
GovernmentBusiness

China Plans Tariffs on $60 Billion of Imports to Counter Trump

China announced a list of $60 billion worth of U.S. imports it plans to apply tariffs on should the Trump administration follow through with its latest trade threats.

August 3, 2018
GovernmentBusiness

China Says US Tariff Threat Runs Against Trend of the Times

BEIJING — China’s foreign minister said Aug. 1 that U.S. threats to hike tariffs run against the trend toward globalization and will hurt U.S. businesses and consumers.

August 2, 2018
GovernmentBusiness

Major Car Exporters Weigh Response to Trump’s Threat of Tariffs

Trade officials from the world’s top car-exporting nations agreed to respond if President Donald Trump slaps new U.S. tariffs on autos and auto parts.

August 1, 2018
GovernmentBusinessEditorial

Editorial: Turning Wheels and Trade Deals

It’s quarterly earnings season, a time of year when the Transport Topics business reporting team is immersed in revenue figures and profit-and-loss numbers. Based on the numbers for the second quarter, the industry is doing pretty well.

July 26, 2018
GovernmentBusiness

Automakers’ Savings on Tax Cuts Could Be Wiped Out by Tariffs

Corporate America warned President Donald Trump that his trade war could end up erasing some of the savings reaped from the sharp cut in the corporate tax rate. The steel and aluminum tariffs could eat up anywhere from about a third to well more than half of the tax benefits in 2018, a Bloomberg analysis shows.

July 24, 2018
GovernmentBusiness

Mnuchin Shift to Trade Warrior Makes Him Likely G-20 Target

The U.S. Treasury Department has gone from economic diplomats to trade warriors, a shift that leaves Secretary Steven Mnuchin once again exposed to broadsides from global counterparts as tensions grow ahead of a multilateral summit.

July 20, 2018
BusinessLogistics

World’s Biggest Shipping Market Booms as Trade War Shrugged Off

Whether it’s the price of hiring giant freighters to haul hundreds of millions of tons a year of iron ore and coal, or smaller carriers moving grains, there’s a theme emerging: dry- bulk shipping rates are rallying despite an escalating trade war that may yet damage China’s economy.

July 6, 2018
GovernmentBusiness

Trade Deficit Narrows to Smallest Since 2016 on Soybean Exports

The U.S. trade deficit narrowed in May to its smallest since October 2016 on a jump in exports of soybeans and aircraft amid the threat of retaliatory tariffs.

July 6, 2018