The U.S. trade deficit widened more than forecast in January to a post-recession high, adding to figures cited by President Donald Trump as evidence of American weakness while he brings the nation to the brink of a trade war.
March 7, 2018Government, Business
Mnuchin Seeks to Douse Trade-War Fears Over Trump Metal Tariffs
Treasury Secretary Steven Mnuchin said the Trump administration isn’t trying to provoke a global trade fight with the steel and aluminum tariffs announced last week.
March 6, 2018Government, Business, Logistics
White House Signals New Trade Deals Must Help Those Left Behind
The White House signaled President Donald Trump will pay close attention to the fate of workers left behind by globalization as a new benchmark for negotiating trade deals around the world.
February 22, 2018Government, Logistics
White House Doesn’t Plan Import Tax, Official Says, Contradicting Trump
The Trump administration has no formal proposal on the table for a so-called reciprocal tax on imports, according to a U.S. official who sought to clarify whether a levy that risks escalating tensions with key trading partners would be enacted.
February 13, 2018Government, Business, Logistics
Trump Says He’ll Unveil ‘Reciprocal Tax’ on Imports This Week
President Donald Trump said Feb. 12 that he will propose a tax on imports this week, reviving an idea he floated earlier in his administration that risks raising tensions with key U.S. trade partners.
February 12, 2018Business
Trade Deficit Is Wider Than Any Month or Year Since 2008
The U.S. trade deficit widened to the biggest monthly and annual levels since the last recession, underscoring the inherent friction in President Donald Trump’s goal of narrowing the gap while enjoying faster economic growth.
February 6, 2018Government, Business, Logistics
Europe to Trump: If You Want a Trade War, You’ll Get One
The European Union gave President Donald Trump a fresh warning about any U.S. curbs on imports from Europe by pledging rapid retaliation, highlighting the persistent risk of a trans-Atlantic trade war.
January 29, 2018Business, Logistics
US Trade Deficit Balloons to Widest in Almost Six Years
The U.S. trade deficit in November reached the highest level in almost six years as an increase in imports exceeded a gain in shipments overseas, Commerce Department data showed Jan. 5.
January 5, 2018Business, Logistics
Global Manufacturers Strain to Keep Up With Faster World Economy
Factories across the globe warned they are finding it increasingly hard to keep up with demand, potentially forcing them to raise prices as the world economy looks set to enjoy its strongest year since 2011.
January 2, 2018Government, Business
Bid to Save Pacific Rim Trade Pact Comes to a Head
The push to salvage a Pacific Rim trade pact will come to a head this week as nations diverge on whether it should be preserved, abandoned or renegotiated from scratch after President Donald Trump pulled the U.S. out of the deal.
November 7, 2017