Trade
Trade
Economic activity with other countries
Wednesday 15 May 2019
Treasury secretary also says U.S. negotiators likely to go to Beijing in near future
The White House faces a deadline this Saturday to decide whether to slap duties on European car imports.
These are not ordinary times.
Tuesday 14 May 2019
Friday 22 March 2019
Thursday 21 March 2019
...imposing new sanctions on two Chinese shipping companies that it says have been helping the country evade international sanctions.
Thursday 14 March 2019
Monday 25 February 2019
Trump has positioned his monthslong trade fight with China as necessary to win “the biggest deal” in history.
The Republican president, who knows far less about trade than he likes to pretend, is routinely far more interested in what things are called than the substantive details.
Sunday 24 February 2019
...thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued.
Friday 22 February 2019
“I don’t like MOUs because they don’t mean anything. To me, they don’t mean anything.”
Current U.S.-China talks in Washington extended for two more days
Sunday 17 February 2019
Saturday 16 February 2019
Thursday 7 February 2019
But the British economy is paying a price as Brexit uncertainty contributes to a growing gloom.
Sunday 3 February 2019
Deripaska’s bureaucratic victories so far include overturning a 15-year ban on the use of aluminum wiring in residential construction and persuading local authorities across the country to build pedestrian bridges out of aluminum instead of steel for the first time in half a century.
Thursday 31 January 2019
Tuesday 29 January 2019
On May 29, A.X allegedly walked into T-Mobile's lab, broke off Tappy's arm, and put it into his bag.
Wednesday 23 January 2019
Government Shutdown Day 33
U.S. tariffs on European cars and auto parts would mark a significant escalation of trans-Atlantic tensions because the value of EU automotive exports to the American market is about 10 times greater than that of the bloc’s steel and aluminum exports combined.
Tuesday 22 January 2019
Government Shutdown Day 32
...due to outstanding disagreements over intellectual property rules.
Monday 21 January 2019
Government Shutdown Day 31
Saturday 19 January 2019
Government Shutdown Day 29
That would be the growing antagonism between the countries and the South China Sea and Africa.
Friday 18 January 2019
Government Shutdown Day 28
China has offered to go on a six-year buying spree to ramp up imports from the U.S.
Monday 14 January 2019
Government Shutdown Day 24
Sunday 13 January 2019
Government Shutdown Day 23
China recorded $323.32 billion in surplus with the U.S. in 2018, representing a 17% jump from the figure in the previous year
Friday 11 January 2019
Government Shutdown Day 21
Thursday 10 January 2019
Government Shutdown Day 20
"When I said Mexico would pay for the wall in front of thousands and thousands of people ... obviously I never meant Mexico would write a check."
Tuesday 8 January 2019
Government Shutdown Day 18
Monday 7 January 2019
Government Shutdown Day 17
The U.S. is seeking concessions in Chinese business practices; in exchange it will eliminate tariffs recently imposed on Chinese goods.
Thursday 3 January 2019
Government Shutdown Day 13
Wednesday 2 January 2019
Government Shutdown Day 12
Tuesday 1 January 2019
Government Shutdown Day 11
Asked specifically about Trump's earlier comment that May's deal is too favorable for the EU and would make a U.S.— U.K. trade deal unlikely, Johnson added: "It doesn't look like it would be possible."
Monday 31 December 2018
Government Shutdown Day 10
Saturday 29 December 2018
Government Shutdown Day 8
Friday 28 December 2018
Government Shutdown Day 7
Thursday 27 December 2018
Government Shutdown Day 6
Tougher regulations, surprise inspections and other bureaucratic moves are hampering U.S. exports amid the trade war.
Monday 24 December 2018
Government Shutdown Day 3
Instead, China has leaned on Brazilian imports to replace the U.S. cargoes
Sunday 23 December 2018
Government Shutdown Day 2
Friday 14 December 2018
Since the President met with his Chinese counterpart, Xi Jinping, two weeks ago in Argentina, China has delivered on an array of Trump's promises, including lowering auto tariffs and restarting purchases of soybeans.
...it will remove the additional 25% tariffs on car imports from the United States for three months starting January 1.
Thursday 13 December 2018
Wednesday 12 December 2018
The country’s economy is in a sharp downturn, putting political pressure on President Xi Jinping to reach a deal with President Trump.
By casting Meng, the daughter of Huawei's founder, as a potential bargaining chip in the trade talks, Trump has undermined the stance taken by senior officials in his administration that the case is strictly a law enforcement matter.
...the president said the USMCA will bring so much money into the US that it would be almost as if Mexico paid for the wall.
Tuesday 11 December 2018
Monday 10 December 2018
Apple said all models remain available for customers in China, as the ruling only involves models running older software it has now changed.
Saturday 8 December 2018
Meng Wanzhou [...] is believed to have helped Huawei circumvent US sanctions by telling financial institutions that a Huawei subsidiary was a separate company
Friday 7 December 2018
Trump has been asking his advisors if they think the tariffs he's levied against China are causing the market's unrest over the past two months.
Thursday 6 December 2018
Huawei’s CFO was detained at the request of the US government, allegedly because she attempted to evade the US trade embargo on Iran
Wednesday 5 December 2018
Tuesday 4 December 2018
So when the president announced publicly that China “has agreed to reduce and remove tariffs on cars coming into China from the U.S.,” Trump was either badly confused about a policy he really ought to understand or he was lying.
Monday 3 December 2018
The lack of specific commitments from China and the conflicting statements from United States and Chinese officials struck many analysts as a sign that the president might ultimately get far less than he was publicly portraying.
"Which is the one that matters?" “Each of us gets a copy”
Sunday 2 December 2018
The NAFTA deal includes a provision that allows a withdrawal after providing a six-month notice, but opinions differ on whether the president can act on his own.
Saturday 1 December 2018
"President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time"
At the G-20, 19 nations agreed to support the Paris accord on fighting climate change with the United States the lone holdout.
Language used in statements issued after the two leaders meet will offer clues as to the temperature in the room — so what does it all mean?
Friday 30 November 2018
His “America First” foreign policy has not become “America Alone” exactly, but it has left him with a strange patchwork of partners at these global gatherings.
...using the backdrop of the G-20 Summit to resolve a trade dispute between America and its closest neighbors.
Thursday 29 November 2018
Wednesday 28 November 2018
Tuesday 27 November 2018
The number of bankruptcies filed by these farm operations is double the total from 2014 and even surpassed the mark hit in 2010 at the peak of the Great Recession. Current price levels and trends suggest the number will continue to rise, according to the report.
When listing reasons behind the job cuts on Monday, GM tiptoed around trade policy and blamed a host of other factors. But the company has been much more direct in its criticism of Trump's trade war in the past.
Monday 26 November 2018
These changes are part of GM’s efforts to focus its resources on self-driving and electric vehicles, as well as more efficient trucks, crossovers and SUVs
Sunday 25 November 2018
Wednesday 14 November 2018
Monday 12 November 2018
Thursday 8 November 2018
The move is another example of the Trump administration's willingness to at times be tougher on Russia than the president's rhetoric suggests.
One reason for the surge is companies are eager to avoid even higher duties in a few months' time: The US tariffs on $200 billion of Chinese goods that kicked in on September 24 are set to rise from 10% to 25% at the end of the year. thanks
Wednesday 7 November 2018
Monday 5 November 2018
North Dakota’s soybean crops are flourishing. But China has stopped buying.
In a preview of the war of words that is likely to escalate, Iranian President Hassan Rouhani said his country would continue selling oil in defiance of the sanctions.
Thursday 1 November 2018
As the world’s largest importer of soybeans, China is posed to make an impact on the American market.
Monday 22 October 2018
Ford Motor Co. said Donald Trump’s tariffs have made steel more expensive in the U.S. than any other market, escalating the company’s criticism of the president’s trade war.
Wednesday 17 October 2018
Dropping out of the postal treaty, first ratified in 1874, is expected to exacerbate tensions with China
Friday 12 October 2018
But at the moment, the primary conclusion to draw is that the US-China trade war isn’t yet hurting China all that much
Wednesday 10 October 2018
"As we look at trade issues there is no question that we want to make sure China is not doing competitive devaluations"
Tuesday 9 October 2018
The Trump administration is expected to allow the expanded use of E15, a fuel that contains 15% ethanol and 85% gasoline. Currently, most fuel is 10% ethanol and 90% gasoline.
Monday 8 October 2018
The sharp tit-for-tat stripped away the customary veneer of diplomatic niceties during public remarks.
Sunday 7 October 2018
...stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
Thursday 4 October 2018
Pence launched a broad attack against Beijing Thursday, accusing China of "predatory" economic practices, military aggression against the US and of trying to undermine President Donald Trump and harm his chances of winning re-election.
The attack by Chinese spies reached almost 30 U.S. companies, including Amazon and Apple, by compromising America’s technology supply chain
In emailed statements, Amazon (which announced its acquisition of Elemental in September 2015), Apple, and Supermicro disputed summaries of Bloomberg Businessweek’s reporting.
Wednesday 3 October 2018
Tuesday 2 October 2018
Monday 1 October 2018
The Trump administration's new trade deal with Canada and Mexico leaves much of the old North American Free Trade Agreement intact.
Sunday 30 September 2018
The trilateral deal will no longer be called Nafta, they said, but will be named the “United States-Mexico-Canada Agreement.”
A public announcement of any new deal would occur late Sunday night, or possibly Monday
Saturday 29 September 2018
...there’s optimism it will be reached by the Sunday deadline
Thursday 27 September 2018
It was those attempted discussions that Trump was referring when he said he refused to meet Trudeau
Wednesday 26 September 2018
Tuesday 25 September 2018
...negotiators are “sort of running out of time” to include Canada in the trade deal with Mexico, which was finalized last month.
Monday 24 September 2018
“The economic fallout from Trump’s skirmishes with China, Canada, Mexico and the European Union risk making an already tough cycle for Republicans even more brutal”
Neither of the world’s two largest economies showed signs of backing down, and there are no further trade talks scheduled to resolve the dispute.
Sunday 23 September 2018
Friday 21 September 2018
China's purchase of the weapons from Rosoboronexport, Russia's main arms exporter, violated a 2017 law [...] intended to punish the government of President Vladimir Putin for interfering in U.S. elections and other activities.
Tuesday 18 September 2018
Chinese state television on Tuesday reported that the government has decided to impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday.
Monday 17 September 2018
Trump is considering whether to put tariffs on more than $250 billion more in Chinese products.
Chinese officials, eager to prove they won’t negotiate under duress, are threatening to back out of talks if President Trump proceeds with the tariffs announced Friday on $200 billion in Chinese imports.
Saturday 15 September 2018
An announcement is expected to come within days
Thursday 13 September 2018
Tuesday 11 September 2018
Trump plans to sign an executive order as soon as Wednesday that will slap sanctions on any foreign companies or people who interfere in U.S. elections, based on intelligence agency findings
The case cites Washington's non-compliance with a ruling in a dispute over U.S. dumping duties.
Monday 10 September 2018
The weakness in Chinese trade is so far coming mainly from slowing growth in exports to big trading partners like the European Union and Japan.
Sunday 9 September 2018
“It would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units and its competitive segment,” the company said.
Saturday 8 September 2018
Friday 7 September 2018
The President told reporters aboard Air Force One on Friday that he may expand his proposed tariffs as part of his ongoing trade war with China
Jared Kushner got stuck behind a locked door for one minute and 47 seconds on Thursday night
Thursday 6 September 2018
...as a consultation period over the imposition of fresh tariffs on China by the Trump administration comes to an end.
Tuesday 4 September 2018
A central theme of the book is the stealthy machinations used by those in Trump’s inner sanctum to try to control his impulses and prevent disasters, both for the president personally and for the nation he was elected to lead.
“It felt like we were walking along the edge of the cliff perpetually,” Porter is quoted as saying. “Other times, we would fall over the edge, and an action would be taken.”
Cohn [...] tried to tamp down Trump’s strident nationalism regarding trade. According to Woodward, Cohn “stole a letter off Trump’s desk” that the president was intending to sign to formally withdraw the United States from a trade agreement with South Korea. [...] Trump did not notice that it was missing.
Monday 3 September 2018
Ten years after the worst financial panic since the 1930s, growing debt burdens in key developing economies are fueling fears of a new crisis that could spread far beyond the disruption sweeping Turkey.
The president's attack came after Trumka appeared on "Fox News Sunday" over the weekend where he said efforts to overhaul the North American Free Trade Agreement should include Canada.
Saturday 1 September 2018
Friday 31 August 2018
Trump’s deadline has passed, but the two sides will keep negotiating.
Bloomberg did not initially report the remarks, which Trump had said were off the record. A Canadian newspaper, the Toronto Star, published the remarks early Friday, and Bloomberg did not dispute them.
“Attending these summits would have been helpful in tending to these relationships and buttressing unity against China, with whom Trump has launched a trade war.”
Speaking “off the record,” Trump said he is not compromising at all in trade negotiations with Canada — but could not say this publicly because “it’s going to be so insulting they’re not going to be able to make a deal.”
The sudden rocky patch came after days of optimism from negotiators in both countries
Wednesday 29 August 2018
"We recognize that there is a possibility of getting there by Friday, but it is only a possibility, because it will hinge on whether or not there is ultimately a good deal for Canada"
“If they don’t shape up, I would withdraw from the WTO,” Trump said Thursday in an Oval Office interview
Stone-throwing, insults and dangerous manoeuvres on the high seas: French and British fishermen clashed in the English Channel over a hoard of scallops
Tuesday 28 August 2018
A day after President Trump threatened to exclude Canada from a revised North American Free Trade Agreement, top Canadian officials raced to Washington and said they were moving “full steam ahead”
To hear Donald Trump tell it, he and his team achieved a historic breakthrough on trade policy yesterday. I wish that were true, but it’s not.
Monday 27 August 2018
There is no formal free trade deal between the US and Mexico, only an agreement between the two countries on how to resolve key issues in their trade relationship as part of the NAFTA talks.
–David Frum, Senior Editor, The Atlantic
Yet while Mr. Trump may try to change the name, the agreement reached with Mexico is simply a revised Nafta
Saturday 25 August 2018
Wednesday 22 August 2018
Russia is buying lots of gold to shield it from sanctions
Over the past decade, as Earth has warmed, global shipping companies have increasingly eyed the Arctic as a way to cut precious — and expensive — travel time.
Tuesday 21 August 2018
The announcement is also expected to include details of when Canadian officials will be returning to Washington to resume talks with the other two nations.
Monday 20 August 2018
Efforts by the remaining signatories - EU members Britain, France and Germany plus China and Russia - to avoid the agreement’s collapse are struggling as Washington has said any firms dealing with Teheran will be barred from doing business in the United States.
Friday 17 August 2018
On Friday, the United States and Mexico appeared close to agreeing on how to revise the 24-year-old Nafta deal. Canada [...] was not party to the talks.
Wednesday 15 August 2018
Tuesday 14 August 2018
If the trade war escalates [...] some worry that the public’s faith in the economy could be shaken, exposing the nation to much more serious problems than a drop in exports.
His comments have so far failed to quell a crisis that economists say is largely self-inflicted, owing to an overheated economy and the debt exposure of Turkey’s companies and banks.
Sunday 12 August 2018
Friday 10 August 2018
Thursday 9 August 2018
In practice however, there is little Russia can do to hit back at the United States without damaging its own economy.
Wednesday 8 August 2018
They lack the wiggle room to absorb cost increases or shift production, and many are re-evaluating plans and strategies
Tuesday 7 August 2018
Monday 6 August 2018
Amid a U.S.-China trade war, the two major stock indexes in China have lost one-quarter of their value from highs this year.
U.S. officials said the sanctions that have been waived for the past two and a half years will be snapped back officially on Tuesday morning at one minute past midnight.
Sunday 5 August 2018
The ability of a single industry to exert so much influence over the exclusions process is striking even in Mr. Trump’s business-friendly White House
Saturday 4 August 2018
Friday 3 August 2018
For the first half of 2018, the trade deficit in goods and services hit $291.2 billion, the federal government reported Friday, which is higher than last year and puts the nation on track to have the largest annual deficit since 2008.
One of the thorniest issues between the United States and Mexico has been the rules that govern whether automobiles qualify for zero tariffs under Nafta.
...a move designed to match the Trump administration’s tariff threats blow-for-blow that is bound to further intensify trade tensions between the world’s two largest economies.
The United States on Friday imposed sanctions on a Russian bank it said had facilitated a transaction with a person blacklisted by Washington for involvement with North Korea’s nuclear weapons program.
It is not clear how long the temporary halt will last, but one of the sources said Unipec has no new bookings of U.S. crude until at least October.
Wednesday 1 August 2018
Trump directed the increase from a previously proposed 10 percent duty because China has refused to meet U.S. demands and has imposed retaliatory tariffs on U.S. goods.
“U.S. pressure and blackmail won’t have an effect. If the United States takes further escalatory steps, China will inevitably take countermeasures and we will resolutely protect our legitimate rights”
Tuesday 31 July 2018
Sunday 29 July 2018
Friday 27 July 2018
Over all, exports rose at a 9.3 percent rate in the second quarter, accounting for a quarter of the total G.D.P. growth. But the trend is unlikely to last: Exports will almost certainly slump in the third and fourth quarters, and will turn into a drag on overall G.D.P. growth.
Wednesday 25 July 2018
Tuesday 24 July 2018
The move to scale back sanctions stands in sharp contrast to mounting bipartisan fervor in the Senate to get tougher on Russia
Monday 23 July 2018
“Nobody in the 1980s would have represented the Russian government. And now you find so many lobbying for the Chinese government”
Friday 20 July 2018
Mnuchin’s comment was the latest indication the Trump administration was trying to aid sanctions-hit Rusal, which has taken a series of steps to try to appease the U.S. government and get the restrictions lifted.
Negotiators from the Senate and House of Representatives agreed late Thursday to abandon efforts to reinstate harsher sanctions against the Chinese telecommunications-equipment maker as part of the defense policy bill
The rhetoric marks ramps up the U.S-China trade war another step, though each country has issued just $34 billion in tariffs so far.
Wednesday 18 July 2018
And so trade restrictions aimed at preventing U.S. jobs from heading to Mexico and elsewhere have instead hampered a Mexican company’s multimillion-dollar effort to create jobs in the United States
Tuesday 17 July 2018
The leaders did not mention Trump by name, but they did little to mask what was on their minds — highlighting how Europe and Japan have been pushed closer by Trump’s actions.
Sunday 15 July 2018
“When you report a fall in the stock market index or a weakening in the yuan’s exchange rate, you can’t use ‘trade war’ in your headline,”
Saturday 14 July 2018
"We usually sell the MAGA hats for around $9 to $12. But it could go up to $20 if we had to make them in the U.S. and embroider them here"
Friday 13 July 2018
“I would have done it much differently. I actually told Theresa May how to do it but she didn’t agree, she didn’t listen to me.”
Wednesday 11 July 2018
...as part of cost-cutting measures.
China’s commerce ministry said on Wednesday it was “shocked” and would complain to the World Trade Organisation
The 88-11 vote came on a nonbinding measure asserting “a role for Congress” when Trump imposes tariffs in the name of national security
...deepening the dispute with Beijing, while sending a message to European trading partners that the U.S. won’t back away from trade fights.
Tuesday 10 July 2018
Monday 9 July 2018
Friday 6 July 2018
Trump has said that trade wars are “easy to win.”
The president appears to be betting that threatening trading partners like China, the European Union, Mexico and Canada with tariffs will eventually force them to bend to the United States.
Tariffs tend to be economic downers, but so far it is tough to argue China fight is having a broad macroeconomic impact
Thursday 5 July 2018
Trump is already threatening additional rounds of tariffs
Wednesday 4 July 2018
A little-known cross-border dispute that has simmered between Canada and the United States since the late 1700s is now approaching the boiling point.
Canadians have taken to social media ... and are offering tips on how to do their part to defend their country against the Trump administration's actions.
Tuesday 3 July 2018
His message to corporate America so far: I don’t care what you say, my base is with me.
Republican lawmakers are losing their patience with the president’s trade war, saying it’s hurting their states and the party’s chances in the midterms.
Monday 2 July 2018
Should a trade war be accompanied by a market slump, the impact on the U.S. could be worse than on China as the latter is relatively insulated from world equity shocks
Collectively, they put the administration on a potential collision course with the rules-based world trading system forged by the United States and its allies
The bill would not formally withdraw the United States from the WTO, but it would effectively do so, by nullifying two of the organization’s core rules
Sunday 1 July 2018
Trump suggests he'll delay signing NAFTA until after the midterm elections
Saturday 30 June 2018
The BMW plant in South Carolina is its largest globally and ships more than 70 percent of its annual production to other export markets
Friday 29 June 2018
Trump has repeatedly told top White House officials he wants to withdraw the United States from the World Trade Organization
Thursday 28 June 2018
Economists, however, caution that the administration's "America First" policies, which have heightened fears of trade wars, are casting a pall over the economy's prospects.
Wednesday 27 June 2018
...backing away from a more aggressive approach that would have declared a national economic emergency and dramatically limited China’s ability to invest in the United States.
So much of the history of Harley-Davidson — a company started by the sons of immigrants in what we now call the Rust Belt — is wrapped up in the same concerns dominating the White House, including trade wars, broad-stroke nationalism, celebrity and image maintenance.
Tuesday 26 June 2018
White House officials have sent conflicting signals over trade policy, resulting in wild market swings.
"I mean, he wouldn't do it for no reason. I look at him as a very smart businessman. And, I mean, if he feels that's what he needed to do, that's what he needed to do."
But the outburst also reflected a president grappling with the effect of policies he expected to produce a more favorable outcome, say trade experts.
Trump is not handling Harley-Davidson’s post-tariffs announcement well.
Monday 25 June 2018
The company sold about 40,000 new motorbikes last year in Europe, equivalent to a sixth of its worldwide sales, making the region its most important market after the United States.
Friday 22 June 2018
Trump’s tariff on steel imports that took effect June 1 has caused a southeast Missouri nail manufacturer to lose about 50% of its business in two weeks.
It’s worthing noting that, before Trump triggered a trade war, U.S. exports to the E.U. faced an average tariff of just 3 percent
Tuesday 19 June 2018
For example, Chinese officials could slow the customs process for U.S. products entering the country, launch investigations into or spring inspections onto factories, hotels or other businesses — all activities for which a veneer of plausible deniability would make proving a punitive motive difficult.
Trump threatened on Monday to hit $200 billion of Chinese imports with 10 percent tariffs if Beijing retaliated against his previous targeting of $50 billion in imports
Trump said on Tuesday that Canadians were smuggling shoes across the border “because the tariffs are so massive.” But under Nafta, Canada does not charge a tariff on American shoe imports.
Wall Street has tried to ignore warning signs about a trade war for months. It can't any longer.
Monday 18 June 2018
... rejecting a deal President Donald Trump made with Beijing to save the firm.
Saturday 16 June 2018
Friday 15 June 2018
China will hit back by imposing its own tariffs, the country’s Ministry of Commerce said in a release. The statement was not specific about which goods would be targeted, but the list is likely to include agricultural products and manufactured goods
Tariffs that affect more than 800 products worth $34bn in annual trade are due to come into effect on 6 July.
Thursday 14 June 2018
Wednesday 13 June 2018
But, like “Episode I,” we've reached a point where people care less about the long-term advantages the system provides and more about the short-term ones it prevents them from getting. They want to be able to alter the deal, and force you to pray that they don't alter it any further. In other words, to bully their way to a better one.
Tuesday 12 June 2018
He said he was trying to send a signal of strength on behalf of the administration, but that his language was inappropriate.
Monday 11 June 2018
...pitting the president against Congress on what many senators say is an issue of national security.
Canada has every right to be insulted that Mr. Trump would invoke national security in their trade dispute. Canada has stood with the United States in every modern war and crisis.
Sunday 10 June 2018
It had already been an extremely tense G7 meeting. Just before showing up late, President Trump had suggested Russia rejoin the alliance... He had harangued world leaders over their supposedly unfair trade practices, disrupted a women’s empowerment meeting, and generally acted as a one-man diplomatic wrecking ball.
Saturday 9 June 2018
Trump said Saturday evening that he had instructed U.S. officials to withdraw support for a joint statement with other member nations he had backed just hours earlier,
The president touted great relationships with other G-7 leaders — but then abruptly reversed on signing a joint statement and lashed out at the Canadian prime minister.
But there were numerous signs here that leaders of other countries stood their ground, having stiffened after months of attacks and insults.
Friday 8 June 2018
Thursday 7 June 2018
The move eases a seven-year ban on ZTE buying American parts, which Commerce levied in April.
Mr. Trump is the black sheep of this family, the estranged sibling who decided to pick fights with his relatives just before arriving to dinner. The dispute ... is “much like a family quarrel,” but with the potential for vast diplomatic and economic consequences for the world.
Tuesday 5 June 2018
The proposal could fizzle quickly. Chinese officials have said publicly that any agreements would be void if the United States continued with plans to impose tariffs and other restrictions
Honeywell, GE, Dover among the companies shutting down presence before sanctions start to bite
Monday 4 June 2018
Sunday 3 June 2018
“If the United States introduces trade measures, including an increase of tariffs, all the economic and trade outcomes negotiated by the two parties will not take effect,” China said in a statement
Saturday 2 June 2018
Friday 1 June 2018
"We will now trigger a dispute settlement case at the WTO, since the U.S. measures on steel and aluminum clearly go against agreed international rules"
Mexico has adopted a poised and consistent stance in its responses, one it has refined over the course of the two years that Mr. Trump has lashed out at the country with insults and threats
Thursday 31 May 2018
Senior administration officials profess privately to not knowing exactly what Trump will ultimately decide to do on trade at any given moment.
—Justin Trudeau, Prime Minister of Canada
Wednesday 30 May 2018
The Trump administration is poised to impose steel and aluminum tariffs on the European Union, and possibly on Canada and Mexico, this week when a temporary exemption expires as trade talks remain at an impasse
Tuesday 29 May 2018
The White House announced this morning a plan to levy a 25% tariff on $50 billion worth of Chinese tech goods — with the exact list to be announced next month — as well as tech investment limits for Chinese nationals and entities.
...as part of a broad campaign to crack down on Chinese acquisition of U.S. technology.
Wednesday 23 May 2018
China’s mainland media has joined in the fanfare to pressure overseas airlines to identify Taiwan, Hong Kong and Macau as being part of the same country.
Tuesday 22 May 2018
The Senate Banking Committee approved an amendment in an overwhelming and bipartisan 23-2 vote that would block Trump from easing sanctions on ZTE without first certifying to Congress that the company is complying with U.S. law.
Monday 21 May 2018
Ceaseless infighting and jockeying for influence on the White House’s trade team helped deprive Mr. Trump of a quick victory on his most cherished policy agenda
Trump has a direct financial interest in a major real estate development project essentially underwritten by a state-owned Chinese bank. In a normal administration, this would be a weeks-long scandal dominating media coverage of the White House.
In the earlier black-and-white photo from Beijing, the representatives from the West cut a striking contrast with the elderly envoys of the Qing dynasty. But in the photo from Washington, it is the Americans who appear to be older.
Sunday 20 May 2018
...a gesture that will temporarily ease tensions between the two nations but rapidly increase pressure on President Trump to secure the type of tough deal that he has long said is necessary to protect American workers.
Saturday 19 May 2018
Beijing and Washington agreed they would keep talking about measures under which China would import more energy and agricultural commodities from the United States to close the $335 billion ... trade deficit with China.
Friday 18 May 2018
...largely by lifting existing barriers that would make it easier for United States firms to sell and operate in China
On Friday, Japan notified the World Trade Organization that it was reserving the right to impose retaliatory tariffs against the United States in response to tariffs on steel and aluminum imports
Thursday 17 May 2018
... the European Council president slammed the Trump administration’s “capricious assertiveness,” signaling that Washington can no longer be relied upon
...the lead American trade negotiator, Robert Lighthizer, said the countries involved were “nowhere near close to a deal.”
Wednesday 16 May 2018
Full disengagement is impossible, leaders on both sides acknowledge. But the plans being developed in Beijing and Washington anticipate a time when the economic engines of China and the United States are not so closely linked, particularly in high-tech industries.
Tuesday 15 May 2018
The situation looks a lot like Xi is “using barriers against American agriculture to blackmail the Trump administration into accepting ZTE’s behavior”
Monday 14 May 2018
https://www.nationalreview.com/news/china-contributing-500-million-trump-linked-project-indonesia/
Sunday 13 May 2018
The comment marked a sharp shift in tone for a president who has long accused China of stealing U.S. jobs.
The overture appeared to be off-key for an administration that has been reliably strident on what it has called unfair Chinese trade practices.
Friday 11 May 2018
Pompeo said he insisted to Kim that a "robust verification" by inspectors would have to be part of any deal to ensure that Kim had "fully denuclearized".
Thursday 10 May 2018
China and India, which together make up the majority of purchases of Iranian oil, are unlikely to curtail their Iranian oil imports — and may actually look to expand them.
Wednesday 9 May 2018
The possible action includes legislation that would block Washington from punishing European companies that continue to do business with Iran.
The full impact on global oil markets may not be seen for weeks or months. It will depend on how tightly the administration enforces new sanctions on Iran, and whether the entire deal collapses or can somehow be salvaged.
Friday 4 May 2018
Thursday 3 May 2018
A breakthrough deal to fundamentally change China's economic policies is viewed as highly unlikely during the two days of talks
Wednesday 2 May 2018
"Whatever they're buying is non-U.S.," ... "They're buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not buying anything from the U.S."
Tuesday 1 May 2018
...he and Navarro both noted that this extension is the last, and agreements must be worked out by the new deadline of June 1, or the tariffs will go into effect.
The extension reflects concerns by the Trump administration of a swift retaliation on American products by European Union nations
Monday 30 April 2018
Trump has until midnight to decide whether the European Union gets smacked with tariffs on steel and aluminum.
A trade standoff between the U.S. and much of the rest of the world was turning into a nail biter Monday, with Europe’s steel industry—and that of a handful of other close American allies—still unsure whether their exports to the U.S. would face new tariffs come midnight.
But senior Beijing officials do not plan to discuss the Trump administration’s two biggest demands: a mandatory $100 billion cut in America’s $375 billion annual trade deficit with China and curbs on Beijing’s $300 billion plan to bankroll the country’s industrial upgrade into advanced technologies
Monday 23 April 2018
The Russian billionaire is alleged to have conducted a range of illegal activities, including money laundering, extortion and ordering the murder of a businessman
Thursday 19 April 2018
Wednesday 18 April 2018
Mr. Abe hoped to secure Mr. Trump’s commitment on two issues: curtailing the North’s nuclear and ballistic weapons programs, and facilitating the return of Japanese citizens abducted by North Korea in the 1970s and ’80s.
Tuesday 17 April 2018
Sorghum is a grain that is used to feed livestock and make a liquor that's very popular with Chinese drinkers.
Monday 16 April 2018
Trump conferred with his national security advisers later Sunday and told them he was upset the sanctions were being officially rolled out because he was not yet comfortable executing them
Sometime after Haley’s comments on CBS, the Trump administration notified the Russian Embassy in Washington that the sanctions were not in fact coming
Sunday 15 April 2018
Friday 13 April 2018
The party is strengthening its influence — often gaining direct decision-making power — over the international firms doing business in China.
Thursday 12 April 2018
Trump’s reconsideration of an agreement he once denounced as a “rape of our country” caught even his closest advisers by surprise
Larry Kudlow, Mr. Trump’s top economic adviser, said ... that the request to revisit the deal was somewhat spontaneous. “This whole trade thing has exploded,” Mr. Kudlow said. “There’s no deadline. We’ll pull a team together, but we haven’t even done — I mean, it just happened a couple hours ago.”
Wednesday 11 April 2018
Monday 9 April 2018
The U.S. would put tariffs on flat-screen televisions, for example, but not on clothes. China threatens tariffs on U.S. whiskey but not beer.
Saturday 7 April 2018
Friday 6 April 2018
Markets roiled Friday as stocks dropped across the board on the latest volley in the U.S. trade dispute with China.
Trump has promised to shield farmers from the sting of China’s trade retaliation, but that embattled portion of Trump’s rural base says they just want to sell on the open market, without tariffs slapped on their products amid escalating tensions.
China’s commerce ministry said that “China has very detailed countermeasures” and will “fight at any cost” to defend its economic interests
Thursday 5 April 2018
A day earlier, the president said we weren’t in a trade war with China.
A final agreement is far from guaranteed, but the White House is revising some of its more aggressive demands, particularly related to automobiles
Wednesday 4 April 2018
On Day Three of Larry Kudlow’s first week at the White House, the president’s new economic adviser did exactly what he was hired to do: go on TV to calm the stock market over something his boss said.
China hit back at the United States on Wednesday with proposed tariffs on $50 billion worth of American soybeans, cars, chemicals and other goods, in a move likely to stoke fears that the countries’ escalating confrontation could become an all-out trade war.
Tuesday 3 April 2018
The Trump administration said Tuesday that it will place a 25 percent tariff on Chinese products like flat-screen televisions, medical devices, aircraft parts and batteries
The move, which stems from a White House investigation into China’s use of pressure, intimidation and theft to obtain American technologies, is likely to inflame an already-simmering trade war between the countries.
Monday 2 April 2018
Sunday 1 April 2018
China will impose a 15 percent tariff increase on goods including American fruit and nuts and add a 25 percent tariff on pork, recycled aluminum and other goods
Thursday 29 March 2018
“I may hold it up until after a deal is made with North Korea”
Tuesday 27 March 2018
...as governments from Europe to Canada prepare to erect barriers to prevent cheap metal once bound for the United States from entering their markets.
Monday 26 March 2018
Seoul and Washington are hailing an agreement to revise their free-trade deal as a “win-win,” after South Korea agreed to further open its auto market and the Trump administration said it would not impose steel tariffs on the country, the third-largest exporter of steel to the United States.
The Trump administration is urging China to lower tariffs on cars and open its market to U.S. financial services as part of talks to resolve a rise in trade tensions that has shaken global markets,
The United States and China are acting tough over trade, but they're also busy talking to try to stop the situation spiraling out of control.
Thursday 22 March 2018
...to punish China for what it says is a pattern of co-opting American technology and trade secrets and robbing companies of jobs and billions of dollars in revenue.
..it would exempt the European Union and four other allies — Australia, Argentina, Brazil and South Korea — from steel and aluminum tariffs set to take effect Friday.
Thursday 15 March 2018
Apparently, in Trumpland, trade in services simply does not count, even though it’s a big part of U.S. trade.
The point is that Trump, by his own admission, did not know whether there is a surplus or deficit yet claimed that he did know, in his conversation with Trudeau.
The complexity of the statistics measuring U.S.-Canadian trade flows allows each side the ability to support its claim by choosing from an array of data.
The United States ran a trade surplus of $600 million in goods and services with Canada in January, according to the Commerce Department,
Saturday 10 March 2018
In the space of a week, U.S. President Donald Trump's steel and aluminum tariffs went from a "no exemptions" plan to one filled with carve-outs for Canada and Mexico, and likely for other allies
Thursday 8 March 2018
Trump agreed to exempt, for now, Canada and Mexico and held out the possibility of later excluding allies such as Australia.
He did not elaborate on the measures that Beijing might take. But he urged the United States to “sit down peacefully” to constructively discuss finding a mutually beneficial solution.
Trump withdrew the United States from an earlier version of the agreement, then known as the Trans-Pacific Partnership, a year ago as one of his first acts in office.
Wednesday 7 March 2018
Tuesday 6 March 2018
Some worry that the West Wing could return to the uncontrolled days of the early Trump administration, when the travel ban became an executive order with little review.
Trump asked Cohn — who was vocal in his distaste for the new trade measures — if he was on the "same team" when it came to the new tariffs on steel and aluminum
"We will straighten it out. We'll do it in a very loving way. It will be a loving, loving way. They'll like us better and they'll respect us much more."
Monday 5 March 2018
It’s unclear whether the GOP pushback will have any effect on Trump, who surprised fellow Republicans Thursday when he announced tariffs of 25 percent on steel imports and 10 percent on aluminum imports. He has since dug in deeper on the plans, defending them in a string of posts on Twitter.
Trump "emphatically" promised to exempt Australian steel and aluminium from US tariffs during a meeting with Prime Minister Malcolm Turnbull last year
Sunday 4 March 2018
The Trump administration sent mixed signals Sunday about its new aluminum and steel tariffs, saying that any exceptions for allies are unlikely but also leaving room for an unpredictable president to change his mind.
Saturday 3 March 2018
That is likely to turn into a wave of protest aimed at American products as other countries, including traditional allies, respond to Mr. Trump’s plan to clamp down on imports of metals from overseas.
“Why are we signing a trade deal with a country that would unilaterally decide to restrict certain sectors?”
Friday 2 March 2018
Trump clearly sees trade as a zero-sum game.
He said the plans to tax the American goods, produced in the home states of key Republican leaders
“We lose a lot with Canada. People don’t know it,” Trump said. “They have you believe that it’s wonderful, and it is — for them. Not wonderful for us — it’s wonderful for them.”
Canada supplies about half of U.S. aluminum requirements
Thursday 1 March 2018
In a hastily arranged meeting with industry executives that stunned many inside the West Wing, Mr. Trump said he would formally sign the trade measures next week and promised they would be in effect “for a long period of time.”
Friday 23 February 2018
The new measures target 56 vessels, shipping companies and other entities that Trump administration officials believe are used by North Korea to conduct trade prohibited under previous sanctions, creating an economic lifeline for the isolated regime.
Tuesday 30 January 2018
Canada filed a formal World Trade Organization dispute in December that seeks to protect billions of dollars of its exports to America that are suddenly under threat, in part because of President Trump’s NAFTA renegotiation.
Monday 29 January 2018
Government officials and trade analysts described the mood around the talks as “cautiously optimistic” as Canada, in particular, joined Mexico in offering counterproposals to America’s requests for drastic changes
Monday 22 January 2018
Government Shutdown Day 3
The imposition of tariffs will most likely exacerbate trade tensions with other nations, including China, and could result in an escalation of retaliatory trade measures against imports from the United States.
Thursday 18 January 2018
Thursday 11 January 2018
The case could expand into a multinational trade dispute given that Canada, a champion of global agreements, filed it in a way that allows other countries to join.
Friday 5 January 2018
But clashes over trading terms could risk dividing the longstanding allies at a critical time, as North Korea seeks to drive a wedge between South Korea and the United States
Saturday 9 December 2017
Instead of relying on the United States as a standard-bearer for open markets, the approaching World Trade Organization ministers’ conference will have to deal with its newfound protectionism.
Saturday 11 November 2017
But the contradictions also reflect a more fundamental disarray in the presidency’s policy toward Asia. It seems caught between the geopolitical realism of Mr. Trump’s diplomats and the economic nationalism of his political aides and, to a great extent, Mr. Trump himself.
Friday 10 November 2017
When he did mention China by name, it was to rehash his “excellent trip” to the country
Trump and ... Putin will not have a formal sit-down meeting at the summit, putting to rest much speculation on the topic... “in terms of a scheduled, formal meeting, there’s not one on the calendar and we don’t anticipate that there will be one.”
Thursday 9 November 2017
Trump said the U.S. trade relationship with China is “a very one-sided and unfair one.” But, he quickly added: “I don’t blame China. Who can blame a country that is able to take advantage of another country for the benefit of its citizens? I give China great credit.”
Monday 6 November 2017
Trump said on Monday that Japan could protect itself from a nuclear-armed North Korea by buying billions of dollars of American military equipment, drawing an explicit link between trade and security
“Try building your cars in the United States instead of shipping them over,” Mr. Trump said, disregarding the fact that Japanese carmakers have built huge assembly plants in the United States. “That’s not too much to ask,” he continued. “Is that rude to ask?”
Friday 13 October 2017
Friday 6 October 2017
Trump’s Twitter bombs and rhetorical attacks on what he calls the “worst deal ever made” and his administration’s vague and confusing proposals have dismayed Canada, which is now exploring backup options. And they have infuriated Mexico ahead of a presidential election in which voters are demanding that their leaders stand up to the United States.
Tuesday 26 September 2017
“At some point or another, Canada is going to have to strike back in a very aggressive way. Just continuing to take it on the chin doesn’t make any sense”
Saturday 23 September 2017
China's Ministry of Commerce said Saturday it would limit refined petroleum exports starting Oct. 1 and ban the import of North Korean textiles immediately. It would ban exports of liquefied natural gas to the North immediately as well.
Monday 4 September 2017
Despite years of economic sanctions and international condemnation, North Korea still conducts modest trade with a host of United States allies, including Brazil, Germany and Mexico. But the North’s biggest partner by far is China
Saturday 2 September 2017
Withdrawing from the trade deal would back up Trump’s promises to crack down on what he considers unfair trade competition from other countries, but his top national security and economic advisers are pushing him to abandon the plan
Friday 1 September 2017
Trade negotiators from Canada, Mexico and the United States resume discussions on Friday over the future of the North American Free Trade Agreement.
Sunday 27 August 2017
Wednesday 23 August 2017
Friday 11 August 2017
Trump on Monday will call for an investigation into China over allegations that the nation violated U.S. intellectual property rights and forced technology transfers
Monday 7 August 2017
After the U.S. withdrawal from the Trans-Pacific Partnership, other nations launch 27 separate negotiations to undercut U.S. exporters.
Friday 4 August 2017
The White House had been preparing for a Friday announcement in which Trump planned to urge his administration to open a trade investigation into China’s alleged violations of U.S. intellectual property rights and forced technology transfers
Tuesday 1 August 2017
...amid growing worries in the United States over a Chinese government-led effort to make the country a global leader in microchips, electric cars and other crucial technologies of the future.
Saturday 29 July 2017
Thursday 20 July 2017
The annual economic dialogue session in Washington ended with canceled news conferences, no joint statement and no new announcements on U.S. market access to China.
Friday 7 July 2017
The growing international isolation of the United States under President Trump was starkly apparent Friday as the leaders of major world economies mounted a nearly united opposition front against Washington on issues ranging from climate to free trade.
Wednesday 5 July 2017
Saturday 1 July 2017
...and reiterated that an era of "strategic patience" over North Korea's nuclear and ballistic missile programs had ended.
Thursday 15 June 2017
The president’s policy, set to be issued Friday, will roll back Obama’s efforts to normalize relations with the island.
Tuesday 6 June 2017
Mexico agreed to demands from the United States to cut exports of refined sugar, striking a deal on Tuesday in a contentious trade negotiation that was closely watched as a prologue to talks on renegotiating the North American Free Trade Agreement.
Sunday 4 June 2017
...businesses on both sides of the border are watching to gauge what the sugar negotiations signal about Washington’s approach to renegotiating the North American Free Trade Agreement.
Tuesday 30 May 2017
Thursday 18 May 2017
...notifying lawmakers that it intends to open trade talks with Canada and Mexico in an attempt to renegotiate NAFTA
Monday 15 May 2017
Over the past week, Trump stretched a variety of facts on trade, taxes and economic theory. But his firing of FBI Director James Comey was far and away the source of the most tumult.
Friday 12 May 2017
“China has made a few modest concessions that cost it very little, in areas strategically picked to maximize the political benefit to Trump”
Thursday 27 April 2017
A map of the United States that illustrated the areas that would be hardest hit, particularly from agriculture and manufacturing losses, and highlighting that many of those states and counties were “Trump country” communities that had voted for the president in November.
But Trump said NAFTA’s three-nation partnership could still hang in the balance if the talks do not produce “a fair deal for all.”
Tuesday 25 April 2017
The two countries are suddenly sparring openly over inexpensive Canadian timber and Canada’s barriers to U.S. dairy products
Tuesday 18 April 2017
“...the United States seeks stronger and more balanced bilateral trade relationships with every country, including Japan,” Pence said
Tuesday 11 April 2017
Thursday 6 April 2017
...as they meet for the first time to discuss trade tensions, North Korea’s nuclear ambitions and other issues.
Friday 31 March 2017
The first of the two orders Trump will sign calls for completion of a large-scale report to identify “every form of trade abuse and every non-reciprocal practice that now contributes to the U.S. trade deficit”
The second order will focus on stepping up the collection of anti-dumping and countervailing duties
Thursday 30 March 2017
Friday 17 March 2017
"Usually we get 40 percent that get rejected but the others come. This year it was 100 percent. Every delegation."
“Germany has done very well in its trade deals with the U.S., and I give them credit for it”
In fact, the U.S. has no direct, bilateral trade deals with Germany. As Merkel quickly pointed out, Germany's trade with the U.S. is governed by rules negotiated by the European Union on behalf of member states.
Wednesday 15 February 2017
The vote on Wednesday was not, however, the final stage approval. The deal must be ratified by national and some regional parliaments across the European Union
Monday 13 February 2017
"This meeting is more about avoiding pitfalls than trying to engage on some of the big issues," Nanos said. "It's definitely the policy of laying low."
Tuesday 7 February 2017
“When Canadians see the type of leadership style from Donald Trump, they realize that the only way to respond to him is assertively and confidently, even if it means a trade war.”
Friday 27 January 2017
Monday 23 January 2017