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The Latest News about trade

Trump’s next win on trade could come within days while Canada sits on the sidelines

President Donald Trump may claim another significant win next week on the international trade front as negotiations with Mexico are expected to conclude. Mexico’s economy minister Ildefonso Guajardo told reporters Friday that he believes trade talks will conclude as early as next week. “Hopefully we will be able to close up no later than the middle of the week,” he said. ...

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Trump effect: Factory orders climb despite media hyperventilating about tariffs

Donald Trump success

Orders at U.S. factories for durable goods rose in June despite constant media reports fretting over President Donald Trump’s negotiating tactics on trade. The Commerce Department reported Thursday that durable goods – items meant to last at least three years, like appliances – rose 1 percent in June. Excluding transportation manufacturers, orders were up 0.4%, the fifth straight monthly gain. ...

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Watch: President Trump and President Juncker Announce Trade Deal in Joint Statements [video + transcript]

Donald Trump and Jean-Paul Juncker

President Donald Trump and President Jean-Paul Juncker hold a joint press conference Wednesday. The two leaders had spent the day in meetings discussing trade and security issues. Juncker and Trump announced that they had reached a deal in which the U.S. and Europe would work to get to a true free trade agreement. While those negotiations are ongoing, the auto tariffs ...

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Stocks React as Trump Threatens Tariffs on All Chinese Imports

Donald Trump CNBC interview 7-20-18

Stock market index futures initially dropped in early Friday trading after President Donald Trump issued another threat to China over its unfair trade practices. The markets initially reacted to the president’s comments in a CNBC interview that aired Friday morning. Trump said he’s “ready to go” on tariffs against all Chinese imports worth over $500 billion. Dow futures dropped to ...

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Canada fires another shot at United States manufacturers; pushes toward trade war

After decades of unfair treatment of U.S. businesses who export to Canada, the Great White North has escalated fears of a trade war by levying more tariffs against U.S. manufacturers. For Canada, tariffs of 10 percent are being imposed on about $12.5 billion worth of U.S. products. Starting Sunday, a wide range of U.S. staples were hit, including chocolate, ketchup, ...

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President Trump orders additional $200 billion in tariffs on Chinese imports

In response to China’s unwillingness to grant fair access to its markets for U.S. goods and forced turnover of American technology, President Donald Trump ordered the United States Trade Representative (USTR) to identify additional Chinese imports that will have a duty placed on them. “China has determined that it will raise tariffs on $50 billion worth of United States exports. China ...

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Here’s why Trump’s announcement of 25% tariff on Chinese goods won’t end in trade war

China Shipping Tanker

President Donald Trump announced Friday that his administration would levy tariffs against China in response to decades of unfair trade practices and theft of American intellectual property. China has threatened retaliation, but there is little chance for a full-blown trade war. “Trade between our nations, however, has been very unfair, for a very long time,” the president said in a ...

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Canada, Mexico, EU will miss out on America’s red-hot economy as they push trade restrictions

Donald Trump success

America’s closest trading partners are in danger of becoming former close trading partners at a time when the American economy is booming and trade revenues are set to skyrocket. Mexico threatened to punish U.S. hog farmers this week with a punitive tariff on some of their products. In reality, the measure will just make pork legs more expensive for the ...

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Bartiromo: Trump is right, we’re on the losing end of 99% of trade deals

Maria Bartiromo on trade

Fox Business News host Maria Bartiromo joined the Fox & Friends crew Sunday to talk about how bad our current trade deals are and how unfairly we are treated by our trading partners. Bartiromo said: “He’s right. We’re on the losing end of 99% of trade deals,” as she commented on a series of messages the president had tweeted out ...

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China Warns The US Will Not See Any Changes On Trade If Trump Pushes Ahead With Tariffs

trump-and-china-war-of-words

  by Ryan Pickrell China will not yield any ground or make any concessions on trade if the U.S. decides to implement President Donald Trump’s proposed tariffs, a Chinese statement carried by state media suggested Sunday. U.S. Secretary of Commerce Wilbur Ross arrived in Beijing Saturday for trade negotiations amid rising tensions between the U.S. and China. The Chinese delegation issued ...

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Trump slaps EU, Canada, Mexico with Aluminum tariffs, Steel restrictions

The Trump administration has worked for months to come to agreements to limit the dumping of aluminum and steel into the United States. While the U.S. has reached satisfactory trade agreements with a few nations on aluminum and steel imports, most will be hit with severe tariffs and restrictions beginning at Midnight Thursday night ending a 2-month exemption for those ...

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Presidential Proclamation Adjusting Imports of Steel into the United States [Full Text]

Donald Trump signs tax reform into law 12-22-17

1.  On January 11, 2018, the Secretary of Commerce (Secretary) transmitted to me a report on his investigation into the effect of imports of steel mill articles on the national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862). 2.  In Proclamation 9705 of March 8, 2018 (Adjusting Imports ...

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U.S. Technology Exports Totaled $322 Billion in 2017, Supported 800,000+ Jobs

obamacare smokers

Exports of U.S. technology industry products and services grew by nearly $10 billion in 2017, to an estimated $322 billion, according to a new analysis released today by CompTIA, the world’s leading technology association. The “CompTIA Tech Trade Snapshot” also reveals that tech exports directly supported an estimated 805,000 jobs in 2016, the most recent year of available data. That’s nearly 14 percent of ...

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Trump To Hit China With Billions Of Dollars In Trade Penalties, White House Reveals

trump-and-china-war-of-words

  by Ryan Pickrell The Trump administration revealed Tuesday that it still intends to crack down on unfair Chinese trade practices, including the theft of American intellectual property, despite cooling trade tensions. To protect the so-called “crown jewels” of American technology and defend American interests against “harmful acts, policies, and practices that China uses to acquire our intellectual property,” the ...

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