U.S. trade officials hold hearing on next batch of tariffs

Jul 24, 2018
In June, President Donald Trump announced tariffs on $50 billion in Chinese goods, most of which went into effect earlier this month. Now U.S. trade officials are set to impose the rest of them, but not before a hearing on Tuesday and Wednesday with U.S. business leaders. The list of products includes industrial machinery, communications […]
A factory worker makes parts in a welding room at LGMazak, a Sino-Japanese joint venture firm that manufactures digitally controlled machinery for automotive, aviation, chemical, and manufacturing industries, 03 September 2004 in Yinchuan, in northwest China's Ningxia Hui Autonomous region. 
FREDERIC J. BROWN/AFP/Getty Images

Mnuchin urges trading partners to drop “non-tariff barriers”

Jul 23, 2018
U.S. Treasury Secretary Steven Mnuchin says the U.S. is ready to negotiate with China, the EU, and Japan on trade. But at the conclusion of a G-20 finance leaders meeting in Argentina this weekend, Mnuchin said our trading partners would have to remove tariffs on U.S. goods — and get rid of “non-tariff barriers” on U.S. […]
Chip Somodevilla/Getty Images

Why the auto industry (mostly) opposes proposed tariffs

Jul 19, 2018
Even so-called "domestic" carmakers are global companies with international supply chains.
Volkswagen Golfs hang on the assembly line at the company's factory in Wolfsburg, Germany, in March.
Alexander Koerner/Getty Images

U.S. risks isolation as other countries sign trade pacts

Jul 17, 2018
Tuesday in Tokyo, the European Union and Japan inked a fresh trade pact that will eliminate most of the tariffs between them. The EU has been a busy bee on the trade front. It recently agreed to a new deal with Mexico, and a new one with Canada is now up and running. It’s in […]

Alcoa earnings will give a glimpse of the aluminum industry now that tariffs are in play

Jul 17, 2018
On Wednesday, we get second-quarter earnings from Alcoa, the major aluminum manufacturer. And that may offer clues about how the escalating trade battle is playing out for domestic manufacturers and workers now that tariffs on aluminum and steel are a reality. The United States is now charging 10 percent tariffs on imported aluminum from Canada, […]

Why China loves American natural gas more than it hates our tariffs

Jul 11, 2018
Ever since the shale revolution turned the U.S. into one of the world’s biggest energy exporters, other countries have been clamoring to buy American oil. One product in particular is seeing huge demand abroad – liquefied natural gas. Refineries turn natural gas into liquid to make it easier to ship overseas. In fact, as trade […]

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Small business is on a roll

Jul 10, 2018
The National Federation of Independent Business reports small-business optimism remains near a record high.
Visual Hunt

Tariffs just one headwind for China’s economy

Jul 9, 2018
Today is day four of the tariff battle — some call it war — between the U.S. and China. Whether it’ll cause major economic damage depends who you ask. We step back to assess the Chinese economy in this fragile moment and how its transition from a middle-income country to a rich one is going. Click the audio […]

Is there an exit strategy for the trade war with China?

Jul 6, 2018
When we go to war in the conventional sense, there’s usually supposed to be an exit strategy. What about with trade wars? How do we get out of this one? Click the audio player above to hear the full story.