trade

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Pelosi Hands Trump a Victory on Trade

New North American trade deal is imminent

(Newser) - House Speaker Nancy Pelosi on Tuesday announced agreement on a modified North American trade pact, handing President Trump a major Capitol Hill win on the same day that Democrats announced impeachment charges against him, per the AP . Crediting Democratic negotiators for winning stronger provisions on enforcing the agreement, Pelosi said... More »

Trump Makes New Threat Amid Slow China Talks

The US will slap a tariff on $300B in Chinese goods, Trump says

(Newser) - President Trump says the US will apply a new tariff of 10% on about $300 billion worth of products from China on Sept. 1, the AP reports. Trump tweeted Thursday amid slow-moving talks with China that negotiations will continue. But he blamed China for not following through on stopping the... More »

Trump Posts Surprising Tweet on Japan Trip

Meanwhile, Shinzo Abe is wooing him with golf and cheeseburgers

(Newser) - President Trump posted a tweet that likely surprised his Japanese hosts before they courted him Sunday with cheeseburgers, sumo-wrestling, and golf: "North Korea fired off some small weapons, which disturbed some of my people, and others, but not me," Trump tweeted Saturday, referring to short-range weapons that are... More »

Trump Opens Japan Trip With a Little Jab

The president mentions the US-Japanese trade imbalance

(Newser) - President Donald Trump opened a state visit to Japan on Saturday by needling the American ally over its trade imbalance with the United States, the AP reports. "Maybe that's why you like us so much," he joshed. Trump also promoted the US under his leadership, saying "... More »

Trump Makes 2 Big Moves on Tariffs

He lifts them on Canada and Mexico and postpones action against Japan, Europe

(Newser) - Bogged down in a sprawling trade dispute with US rival China, President Trump took steps Friday to ease tensions with America's allies—lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By removing the metals tariffs on... More »

Behind Trade Move Against India: Dispute on Knee Implants

India, Turkey will no longer be awarded zero-tariffs status on some goods

(Newser) - Amidst America's trade battle with the world's most populated country comes a new move against the nation that occupies the No. 2 slot on that list. The US on Monday night announced that within 60 days, India will lose the preferential trade status that allowed it to export... More »

China Starts to Open Up on What It Agreed to Do

Confirms there is a 90-day window for trade talks

(Newser) - Though US markets are closed Wednesday in honor of former President George HW Bush, after Tuesday's 800-point plunge investors will be looking for hints as to what to expect Thursday morning, and all eyes are on China. Tuesday's sell-off was sparked by uncertainty over what exactly Trump and... More »

Trump, Xi Lock Eyes Over Sirloin Dinner

US-China trade relations may hang in the balance

(Newser) - Table talk at President Donald Trump's dinner meeting Saturday with Chinese leader Xi Jinping will undoubtedly have a global impact, the AP reports. What they agree on—or don't—will likely move markets up or down, determine whether the world economy gets some relief from destabilizing trade tensions... More »

World Leaders Agree on Trade, Not Climate

The G-20 plans to reform world trading system

(Newser) - Leaders of the world's top economies agreed Saturday to repair the global trading system as they closed a Group of 20 summit that saw the Trump administration at odds with many allies over the Paris accord on climate change and issues like migration, the AP reports. The joint statement... More »

Trump's Trade War Hits the Lobster Business

Layoffs and lagging prices damage the industry

(Newser) - The American lobster industry is starting to feel the pinch of China's tariff on US seafood as exporters and dealers cope with sagging prices, new financial pressures, and difficulty sending lobsters overseas, the AP reports. China is a major buyer of lobsters, and it imposed a heavy tariff on... More »

Trump Trade Legislation Has Unfortunate Acronym: FART

Critics pounce on the FART Act, which would give president broad new powers

(Newser) - President Trump is no fan of the World Trade Organization, and Axios reports that he ordered his advisers to work up a bill that would give him broad power to circumvent WTO rules and negotiate his own deals. The story by Jonathan Swan uses the words "insane" and "... More »

Report: Trump Has Approved Tough New Tariffs on China

Move raises fears of trade war

(Newser) - President Trump has approved a plan to impose punishing tariffs on tens of billions of dollars of Chinese goods as early as Friday, a move that could put his trade policies on a collision course with his push to rid the Korean Peninsula of nuclear weapons. Trump has long vowed... More »

Trump to G-7: Don't You Dare Retaliate Against Me

President tells other countries not to counter with tariffs

(Newser) - Exiting a world summit with characteristic bravado, President Donald Trump delivered a stark warning Saturday to America's trading partners not to counter his decision to impose tariffs on steel and aluminum imports, the AP reports. Despite his sharp differences with US allies, the president insisted he has a "... More »

As Trade Talks Heat Up, China Makes an Offer

Country offers to buy $70B in US products in first year of deal

(Newser) - China is willing to buy up nearly $70 billion in US products like soybeans, corn, natural gas, crude oil, and coal in the first year of a deal if the Trump administration forgets about its threatened trade tariffs . Extending what Business Insider calls "a massive olive branch," Chinese... More »

Trump Defies Congress With Decision on Chinese Firm

But will China accept the president's terms?

(Newser) - Well, ZTE is back in business—sort of. Washington will drop sanctions against the Chinese telecommunications giant if it makes management changes and pays a big fine, a Congressional aide tells Reuters . President Trump tweeted more, saying that "I closed it down then let it reopen with high level... More »

Trump Readies a Hefty Penalty on China

President prepares to unveil $60B in tariffs despite concern from US businesses

(Newser) - President Trump has long believed China engages in unfair trade practices with the US, and senior aides recently presented him with a proposal for $30 billion in annual tariffs against Beijing. Not good enough, said Trump, who ordered them to double the amount to $60 billion, reports the Washington Post ... More »

Trump: 'It's Been a Really Great 12 Days'

He says Asia trip was 'tremendously succesful'

(Newser) - President Trump headed for home Tuesday following an extensive tour of Asia that he said had been "tremendously successful" and had put the world on notice that the "rules have changed" for countries that want to trade with the US. Trump also teased a "major statement" on... More »

Trump on Trade Imbalance: 'I Don't Blame China'

President gives country 'great credit' for taking 'advantage' of US, vows to fix 'imbalance'

(Newser) - President Trump has previously expressed being "disappointed" at China for "taking advantage" of the US with "one-sided" trade, as well as called the country a "currency manipulator." But speaking in Beijing on Thursday, he appeared to admire any clever exploitation of the US. "I... More »

US Jet Tariff May Lead to a 'Trade War'

Canada, UK peeved by proposed 219% tariff on Bombardier jets

(Newser) - After a complaint from US aviation giant Boeing, the Department of Commerce has proposed slapping a 219% tariff on the import of C-Series jets from Canadian-owned Bombardier. The move—which still needs approval from the US International Trade Commission—would be in keeping with President Trump's goal of promoting... More »

Trump Thinks China Rips Off US Businesses, May Act Soon

He's poised to open an official investigation against Beijing

(Newser) - Either President Trump is about to get tough on China over trade or the White House wants Beijing to think he's about to get tough on trade. The White House is putting the word out that the president thinks China is ripping off American businesses and aims to take... More »

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