Higher tariffs on Japanese cars, the country’s biggest export to the US, are still being negotiated. US President Donald Trump has been adamant about reducing its trade deficit with other nations, while two-thirds of Japan’s trade surplus with the US … Read More
China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession. China also … Read More
Central bank chiefs and finance ministers gathered in Fukuoka, Japan, for meetings of the Group of 20 were quick to welcome Trump’s move. President Donald Trump’s decision to drop plans for new tariffs on Mexico is rare good news for … Read More
President Trump on Thursday abruptly announced a new 5 percent tariff on Mexicobeginning in early June, saying the levy will “gradually increase” until the ongoing illegal immigration surge at the southern border is “remedied” and illegal migrants “STOP.” “On June 10th, the United States … Read More
Greetings from Tyler, If you planned to buy some cheap sporting goods gear or anything else made in China, you might want to hurry to the store. Trade talks appear to have reached an impasse, … Read More
German Economy Minister Peter Altmaier addresses the audience during a conference organized by the Federation of German Industries (BDI) on September 25, 2018 in Berlin. (Photo by AFP) Germany has warned the United States that it will take retaliatory measures … Read More
2018 has been unkind to China’s stock markets. Major indexes in Shanghai and Shenzhen both saw annual losses of more than 24 percent in 2018. Two major factors unsettled the Chinese markets for much of 2018: The ongoing trade war … Read More
George Magnus says America’s new trade agreement with Mexico and Canada contains two provisions – limiting currency manipulation and trade with a ‘non-market economy’ – drafted with China in mind, and could be used as a template for future accords. … Read More