WASHINGTON — President Donald Trump inaccurately described his new trade deal with Canada and Mexico as the biggest ever — it’s not even close — and glossed over some possible consequences of the agreement, such as higher car prices.
Here’s a […]
WASHINGTON — American dairy farmers get more access to the Canadian market. U.S. drug companies can fend off generic competition for a few more years. Automakers are under pressure to build more cars where workers earn decent wages.
The North […]
WASHINGTON — President Donald Trump hailed his revamped North American trade deal with Canada and Mexico on Monday and vowed to sign it by late November. But it’s not the final step in the lengthy path to congressional approval on […]
DETROIT — Tariffs imposed by the Trump administration on imported steel and aluminum are costing Ford Motor Co. $1 billion, hurting the bottom line and raising the possibility of price increases across the automotive industry.
Ford CEO Jim Hackett revealed […]
BEIJING — The U.S.-China trade war escalated further Tuesday, with China announcing retaliatory tax increases on $60 billion worth of U.S. imports, including coffee, honey and industrial chemicals.
The increases are in response to the U.S. announcing it will impose […]
WASHINGTON — President Donald Trump is declaring on Twitter a premature victory from his tariffs. Despite the manufacturing renaissance he claims, it’s too soon to determine the full scope of any benefit or harm they might create.
Trump is correct to […]
NEW YORK — U.S. stock indexes fell on Friday after President Donald Trump said he may intensify his trade battle with China. A strong jobs report also pushed investors to gird for higher interest rates.
After bouncing between modest gains […]
WASHINGTON — President Donald Trump has said privately that he won’t make compromises with Canada in high-stakes talks to revamp the North American Free Trade Agreement, the Toronto Star reported Friday.
The report raised doubts about whether the two countries can […]
NEW YORK — Stocks are near record highs as Wall Street grows more optimistic about trade tensions easing, but investors should watch out because September is historically the worst month of the year for stocks.
Since 1950 the benchmark index […]
WASHINGTON— The Latest on a U.S. trade agreement with Mexico (all times local):
11:55 a.m.
President Donald Trump says he intends to terminate the North American Free Trade Agreement and call its replacement “the United States-Mexico Trade Agreement” — a name that […]
ANKARA, Turkey — Turkey said Wednesday it is increasing tariffs on some U.S. products like cars, alcohol, and coal — a move that is unlikely to have much economic impact but highlights the deteriorating relations with the U.S. in […]
BEIJING — China on Friday announced a $60 billion list of U.S. goods including coffee, honey and industrial chemicals for retaliation if Washington goes ahead with its latest tariff threat.
The Finance Ministry accused the Trump administration of damaging the […]
NEW YORK — Major U.S. stock indexes are drifting between small gains and losses as traders shrug off the latest trade threats from President Donald Trump and focus on company earnings reports, which contained some better-than-expected results from big […]
WASHINGTON — About a dozen members of Congress warned Tuesday that newspapers in their home states are in danger of reducing news coverage, laying off workers or going out of business if the United States maintains recently imposed tariffs […]
NEW YORK — Global stock indexes are sinking Wednesday after the Trump administration released a list of $200 billion in goods that could be hit with tariffs and China said it would retaliate. The dollar is climbing and oil […]
NEW YORK — Global stock indexes are falling Wednesday after the Trump administration released a list of $200 billion in goods that could be hit with tariffs and China said it would retaliate. Energy and industrial companies and basic […]
BERLIN — German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang stressed their commitment to a multilateral trade system Monday in the wake of Washington’s decision to impose widespread tariffs, saying it was to everyone’s benefit.
Speaking in Berlin […]
WHAT’S HAPPENING
The United States and China have launched what Beijing called the “biggest trade war in economic history,” imposing tariffs on billions of dollars of each other’s goods in a potentially harmful fight over technology that could soon escalate.
The Trump […]
NEW YORK — U.S. stocks are falling Monday morning following losses in Europe and Asia, and technology companies are skidding after The Wall Street Journal reported that the Trump administration plans to limit high-tech exports to China and will […]
WASHINGTON — President Donald Trump has directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports as the two nations move closer to a trade war.
In response, China has threatened what it called “comprehensive […]
WASHINGTON — The Latest on President Donald Trump’s tariffs on Chinese goods (all times local):
3:15 p.m.
China has quickly released some details on the retaliatory tariffs it plans to impose on U.S. goods. Chinese officials say they will slap duties […]
WASHINGTON — The Trump administration is announcing a 25 percent tariff on $50 billion worth of Chinese imports, escalating a trade dispute between the world’s two largest economies.
President Donald Trump vowed anew on Friday to clamp down on what he […]
WASHINGTON — President Donald Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with […]
WASHINGTON — Before President Donald Trump sits down with a notorious dictator, he will face what may well turn out to be a tougher crowd — some of America’s oldest allies.
With his new tariffs increasing U.S. isolation, Trump heads […]
WASHINGTON — The Latest on trade tensions involving the United States, the European Union, Mexico and Canada (all times local):
5 p.m.
French President Emmanuel Macron is calling the U.S. decision to levy tariffs on the European Union “illegal” and a […]
WASHINGTON — The Trump administration’s announcement Thursday that it will impose tariffs on steel and aluminum imports from Europe, Mexico and Canada drew swift vows of retaliation from key allies, inflamed trade tensions and sent stock markets sinking.
The administration’s […]
WASHINGTON — The Trump administration has renewed its threat to place 25 percent tariffs on $50 billion of Chinese goods in retaliation for what it says are China’s unfair trade practices.
The White House also said Tuesday that it would […]
WASHINGTON — The Trump administration has told Congress that it’s reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source familiar with the talks who spoke on condition of anonymity to discuss […]
WASHINGTON — The United States and China are working toward an agreement that would ease U.S. sanctions that were imposed on ZTE Corp. and let the Chinese telecommunications giant stay in business.
President Donald Trump said Tuesday that the deal […]
WASHINGTON — In a striking reversal, President Donald Trump has asked trade officials to explore the possibility of the United States rejoining the Trans-Pacific Partnership agreement, a free trade deal he pulled out of during his first days in […]
WASHINGTON — President Donald Trump instructed the U.S. trade representative to consider slapping an additional $100 billion in tariffs on Chinese goods on Thursday in a dramatic escalation of the trade dispute between the two countries.
Trump’s surprise move came a […]
WASHINGTON — The Latest on U.S.-China trade tensions (all times local):
___
2:45 p.m.
U.S. Sen. Roy Blunt, a Missouri Republican, is critical of the Trump administration’s tariffs.
“A trade war always has unanticipated consequences,” he said during a press conference at the […]
WASHINGTON — An escalating trade dispute between the world’s two biggest economies heightened fears Wednesday of a global trade war, sent global stock markets tumbling but also left the door open to a negotiated settlement that might prevent any […]
WASHINGTON — First, the United States imposed a tax on Chinese steel and aluminum. Then, China counterpunched Monday with tariffs on a host of U.S. products, including apples, pork and ginseng.
On Wall Street, the stock market buckled on the […]
BEIJING — China raised import duties on a $3 billion list of U.S. pork, fruit and other products Monday in an escalating tariff dispute with President Donald Trump that companies worry might depress global commerce.
The Finance Ministry said it was […]
WASHINGTON — President Donald Trump on Thursday threated to “hold up” the trade agreement his administration finalized with South Korea this week in an effort to gain more leverage in potential talks with North Korea.
Speaking on infrastructure in Ohio, Trump […]
NEW YORK — Stocks plunged Thursday after the Trump administration slapped sanctions on goods and investment from China. The Dow Jones industrial average dropped more than 700 points as investors feared that trade tensions between the world’s largest economies […]
WASHINGTON — President Donald Trump signed an order Thursday that paves the way for imposing tariffs on as much as $60 billion worth of Chinese imports to punish Beijing for what he said is the theft of American technology […]
Unswayed by warnings, U.S. President Donald Trump ordered steep new tariffs on steel and aluminum imports. Economists warn of an increasingly tense trade situation that’s inching toward a global trade war. (March 8)
WASHINGTON — Unswayed by Republican warnings of a […]
Copyright © 2018 Front Street. All Rights Reserved.