Mnuchin ‘Hopeful’ Truce Can Be Reached With China on Trade
Treasury Secretary Steven Mnuchin said he’s optimistic the U.S. can reach an agreement with China that will avert the need for President Donald Trump to impose tariffs on at least $50 billion of goods from the country.
March 26, 2018China Hits Back at Trump With Planned Tariffs on $3 Billion of US Imports
China announced plans for reciprocal tariffs on $3 billion of imports from the U.S., including products from steel to pork, after President Donald Trump’s move to order levies on a range of Chinese goods sent markets plunging.
March 23, 2018Trump Slaps Tariffs on $50 Billion Worth of Chinese Goods
President Donald Trump took his boldest step to level the economic playing field with China, ordering sweeping tariffs on Chinese goods in a move that could escalate already-tense trade relations between the world’s two biggest economies.
March 22, 2018Cracks Are Starting to Appear in the Global Economy’s Momentum
The global economy’s upswing showed signs of strain in March as a drop in momentum at businesses from Japan to the euro region underscored the world’s vulnerability to confidence shocks from a trade war.
March 22, 2018Dozens of US Business Groups Warn Trump Against China Tariffs
The U.S. Chamber of Commerce and 44 other associations are urging President Donald Trump not to impose sweeping tariffs in response to China’s trade practices, warning the action would “trigger a chain reaction of negative consequences for the U.S. economy.”
March 19, 2018Key Departures at the White House Raise the Risk of a Trade War
President Donald Trump’s push for import tariffs and the recent White House personnel upheaval increase the chance of a global trade war — and traders need to stay alert, because the end result could be the reappearance of inflation, according to at least one market analyst.
March 14, 2018Trump’s Trade War and the $470 Billion Hit to the Global Economy
A full-blown trade war could cost the global economy $470 billion, according to Bloomberg Economics.
March 12, 2018Planes, Trains and Trucks: Global Trade Boom Fires Up Oil Demand
The strength of oil consumption took analysts by surprise last year, and played a big role in crude’s recovery to a three-year high in January.
March 7, 2018US Trade Gap Widens to Post-Recession High
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, 2018Mnuchin 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, 2018