Small-Business Optimism Drops to Lowest in Five Months
Optimism among U.S. small-business owners fell in August to the lowest level in five months, with the outlook for the economy and sales slumping amid escalating trade tensions and recession fears.
September 10, 2019Trade Deal Before Presidential Election May Suit Beijing
President Donald Trump tweeted this week that any trade deal China might secure from America would get “much tougher” upon his re-election. The insinuation being of course that Beijing should really work something out before November 2020.
September 6, 2019Federal Reserve Finds Wide Tariff Anxiety
U.S. companies showed widespread concerns about tariff and trade policy uncertainty, but generally reported minimal impact thus far, according to a regional survey from the Federal Reserve.
September 5, 2019US and China Locked in New Tariff Stare-Down
Labor Day picnic products are just a sampling of the more than 3,200 categories of Chinese goods targeted for the new tariff starting Sept. 1, barring a last-minute flinch by President Donald Trump.
August 30, 2019Second-Quarter Growth Revised Down to 2%
U.S. economic growth decelerated in the second quarter by more than initially reported, suggesting President Donald Trump’s trade actions are weighing more heavily on the pace of expansion.
August 29, 2019China Trade War Means US Dairy is Missing Out
America’s dairy farmers, already struggling with falling milk consumption and low prices, are missing out on a rare demand boom thanks to Donald Trump’s trade war with China.
August 27, 2019Diesel Price Falls for Seventh Consecutive Week, Down 1.1¢ to $2.983 a Gallon
The U.S. average retail price of diesel dropped 1.1 cents to $2.983 per gallon, the Department of Energy reported Aug. 26, and the price of crude dropped to a two-week low amid the persistent tariff-related faceoff between the United States and China.
August 26, 2019Trump Says He’s Raising Tariffs on China After Its Retaliation
President Donald Trump said Aug. 23 he’s raising tariffs further on Chinese imports in response to Beijing’s retaliation earlier in the day, deepening the impasse over the two nations’ trade policies.
August 23, 2019IMF Says Tariffs Are Ineffective Tool to Right Trade Imbalances
Tempting as it might be to think a stronger dollar offsets higher U.S. tariffs by making Chinese imports cheaper, the International Monetary Fund says the greenback’s global prevalence tells a different story.
August 21, 2019Diesel Falls 1.7¢ to $2.994 in Sixth Consecutive Decline
The U.S. average retail price of diesel dropped 1.7 cents to $2.994 a gallon, the Department of Energy reported Aug. 19. Crude oil prices lifted moderately to pass $56 a barrel as U.S.-China trade tensions eased somewhat, while a drone attack on an oil field in Saudi Arabia rekindled concerns over the oil supply chain.
August 19, 2019