U.S. economic growth decelerated in the second quarter by more than initially reported, suggesting President Donald Trumps trade actions are weighing more heavily on the pace of expansion.
August 29, 2019Trade News Updates
China Trade War Means US Dairy is Missing Out
Americas dairy farmers, already struggling with falling milk consumption and low prices, are missing out on a rare demand boom thanks to Donald Trumps trade war with China.
August 27, 2019Diesel Price Falls for Seventh Consecutive Week, Down 1.1瞽 to $2.983 a Gallon
The U.S. average retail price of diesel dropped 1.1 cents to $2.983 per gallon, the Department of Energy reported Aug. 26, and the price of crude dropped to a two-week low amid the persistent tariff-related faceoff between the United States and China.
August 26, 2019Trump Says Hes Raising Tariffs on China After Its Retaliation
President Donald Trump said Aug. 23 hes raising tariffs further on Chinese imports in response to Beijings retaliation earlier in the day, deepening the impasse over the two nations trade policies.
August 23, 2019IMF Says Tariffs Are Ineffective Tool to Right Trade Imbalances
Tempting as it might be to think a stronger dollar offsets higher U.S. tariffs by making Chinese imports cheaper, the International Monetary Fund says the greenbacks global prevalence tells a different story.
August 21, 2019Diesel Falls 1.7瞽 to $2.994 in Sixth Consecutive Decline
The U.S. average retail price of diesel dropped 1.7 cents to $2.994 a gallon, the Department of Energy reported Aug. 19. Crude oil prices lifted moderately to pass $56 a barrel as U.S.-China trade tensions eased somewhat, while a drone attack on an oil field in Saudi Arabia rekindled concerns over the oil supply chain.
August 19, 2019Trump Says US Is Talking With China but Not Ready for Deal
President Donald Trump said the United States is doing very well with China, and talking! but suggested he wasnt ready to sign a trade deal, hours after his top economic adviser laid out a potential timeline for the resumption of substantive discussions with Beijing.
August 19, 2019Iran Oil Tanker Released by Gibraltar as US Eyes Detention
Iran is racing to return an oil supertanker to international waters after a Gibraltar court determined it couldnt wait for the United States to take action that would prolong the six-week detention of the vessel for allegedly violating trade sanctions.
August 15, 201953-Foot Domestic Containers From China Not on Tariff List
The 53-foot containers that are vital to the movement of goods into the United States from overseas have been removed from a list of items that would be subject to tariffs on goods arriving from China, the Office of the U.S. Trade Representative said Aug. 13.
August 14, 2019Huawei Hires Trade Lobbyists as Sales Slow in US-China Fight
Huawei Technologies Co. hired the law firm Sidley Austin to lobby on trade as the U.S. pressures allies to join it in blacklisting the Chinese telecom giant and the company finds itself increasingly mired in President Donald Trumps trade war with Beijing.
August 12, 2019Trending
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