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Trade

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

by Aaron Schrank
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
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And now, a currency war?

by Scott Tong
Jul 20, 2018
President Donald Trump today accused Beijing of manipulating its currency. This is not a new charge. But what has occurred is an 8 percent fall in the Chinese currency against the dollar since the trade spat began in the spring. That helps Chinese exporters, because it effectively makes their products cheaper.   Click the audio […]
A man looks at information posted on a bank door showing how to distinguish real banknotes in Beijing on July 20, 2018. - China's yuan continued its steady decline on July 20, defying US President Donald Trump's warning over the dollar's rise and providing Beijing with a buffer against punitive trade tariffs imposed by Washington. 
WANG ZHAO/AFP/Getty Images
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Trade showdown

Why the auto industry (mostly) opposes proposed tariffs

by Tracey Samuelson
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
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U.S. risks isolation as other countries sign trade pacts

by Tracey Samuelson
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 […]
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Alcoa earnings will give a glimpse of the aluminum industry now that tariffs are in play

by Mitchell Hartman
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, […]
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Five things to know about the World Trade Organization

by Tony Wagner
Jul 16, 2018
The U.S. and China have both brought new complaints to the WTO.
FABRICE COFFRINI/AFP/Getty Images
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Brexit

Trump, on U.K. visit, blasts May's Brexit plan

by Jed Kim
Jul 13, 2018
British politicians from the left and right have condemned blunt comments on Brexit made by President Trump yesterday. The president is in the U.K. for his first official visit since taking office. In an interview with the tabloid newspaper “The Sun,” Trump said Prime Minister Theresa May was “wrecking Brexit.” He also cast doubt on the prospects for any […]
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Why China loves American natural gas more than it hates our tariffs

by Justin Ho
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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China vows retaliation for $200 billion U.S. tariff threat

by Associated Press
Jul 11, 2018
The economic impact of the conflict is already spreading.
President Donald Trump and Chinese President Xi Jinping speak during a joint statement in Beijing last November.
JIM WATSON/AFP/Getty Images
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Marketplace Tech Blogs

Tesla's China plant will serve the world's biggest electric car market

by Molly Wood and Stephanie Hughes
Jul 11, 2018
This week, Tesla announced its plans to build a plant in Shanghai amid trade tensions between the U.S. and China
A view of a fully electric Tesla car on an assembly line at the new Tesla Motors car factory in Tilburg, the Netherlands, during the opening and launch of the new factory, on Aug. 22, 2013.
Guus Schoonewille/AFP/Getty Images
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