Trade

South Carolina’s political elite turned out today to celebrate an expansion of BMW’s facility in the Palmetto State. It’s now BMW’s largest in the world. At the event, Sen. Lindsey Graham had this to say on Twitter: “to those who fear globalization, embrace it b/c it’s not going away…if you want to see the good […]

Japan and the European Union say they’re close to agreement on a broad free-trade deal. It would be the largest such pact for the EU. The two trading partners have been hammering out this deal since 2013, but negotiations have taken on new urgency recently.  Click the audio player above to hear the full story.

Two German grocery giants are casting a big shadow in the U.S. Aldi, which has operated here since the late 1970s, says it wants to add about 800 stores to the 1,700 it operates today. Meanwhile, Lidl, another German chain, will open the first of its planned U.S. stores later this week on the East […]

The U.S. and Mexico announced a deal on sugar exports today. The agreement comes after years of dispute between the two nations and gives better terms to the powerful American sugar lobby. The negotiations have been tough, and officials are relieved to have avoided an all-out trade war over sugar. But prices for the sweet […]

President Trump’s tweet Tuesday about the U.S.’s “massive” trade deficit with Germany got us wondering about just how big that deficit is, and why we’re buying all those German goods. First, the size of the deficit: The U.S. buys about $65 billion more from Germany than Germany buys from the U.S. One thing that tells […]