Auto manufacturers and suppliers based outside the United States condemned the Trump administrationās investigation into imports of cars and parts by portraying as absurd the idea that their products pose national security risks.
June 27, 2018Government, Business
Automakers Group Decries Being Cast as Threat to US Security
Government, Business, Logistics
Mnuchinās Silence Signals His Displeasure With Trumpās Trade War
Treasury Secretary Steven Mnuchin is signaling his displeasure with President Donald Trumpās trade war with China by saying nothing at all.
June 22, 2018Business, Equipment
German Auto Stocks Decline on Threat of 20% Tariff
German automotive stocks fell after U.S. President Donald Trump threatened to impose a 20% tariff on all European car imports, escalating his demand for concessions aimed at lowering the U.S. trade deficit.
June 22, 2018Government, Business, Equipment
Global Auto Sector Likely to Feel Effects of Tariffs
Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings, take advantage of cheaper labor and manufacture cars closer to buyers.
June 22, 2018Government, Business, Logistics
US Firms Weigh Higher Freight Bills Now Against Paying Tariffs Later
New tariffs on imports from China may leave American companies with a choice ā pay a higher freight bill now or pay the tariffs starting soon.
June 21, 2018Business
US Growth āClose to a Peakā as Trade Spat, Housing Pose Risks
The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived.
June 20, 2018Government, Business
Commerce Secretary Wilbur Ross Denies Insider Trading
Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company.
June 20, 2018Government, Business, Equipment
Volvo Sees New South Carolina Plant as Hedge Against Tariffs
When Volvo Car Group broke ground on its first U.S. assembly plant in 2015, it was a proud proof point for the Swedish automakerās rebound and global expansion, not a chess move in anticipation of a possible trade war.
June 20, 2018Government, Business, Logistics
Europe Said to Seek WTO Revamp in Face of Trump Trade Challenge
European Union leaders plan to push for improvements in the way the World Trade Organization operates, saying it is important to uphold the global commercial order amid āgrowingā tensions prompted by President Donald Trumpās tariffs.
June 19, 2018Government, Business, Logistics
China Vows to Retaliate as Trump Targets $200 Billion in Tariffs
Trade tensions between the worldās biggest economies intensified, with China vowing to retaliate āforcefullyā against President Donald Trumpās threatened tariffs on an additional $200 billion in Chinese imports.
June 19, 2018