Apple, the popular technology stock owned by millions of Americans through funds in their 401(k)s, has become the first publicly traded U.S. company to hit a market value of $1 trillion.
The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, in a bid to pressure Beijing into making trade concessions, a source familiar with the plan said on Tuesday.
Canada’s continental partners are simply trying to work through difficult bilateral sticking points on NAFTA, federal insiders insist, even as the Canadian government appears to have been left out of ongoing talks between the United States and Mexico.
President Trump is urging Americans feeling the pinch from international trade policy disputes, as well as congressional Republicans who fear his tariffs will wipe out the economic boom right before the midterm elections, to endure the pain just a little bit longer.
President Trump hashed out a trade deal on Wednesday that will lead to Europe buying more liquefied natural gas from the U.S. to diversify its energy supplies.
President Donald Trump and European Commission President Jean-Claude Juncker spoke at the White House Wednesday to say they are negotiating a deal to end most tariffs, trade barriers, and industrial subsidies between Europe and the United States.
European Commission President Jean-Claude Juncker is not shy when it comes to being friendly to people he needs to negotiate with. In Brussels, he is known for hugging, kissing and cuddling almost everyone if it serves the cause, namely a relaxed mood. It remains to be seen how US President Donald Trump will react to the Commission president’s body language during one-on-one talks in the Oval Office on Wednesday.
Key agricultural trade associations praised the Trump administration Tuesday for providing $12 billion to support farmers hurt by an ongoing trade war, but urged the administration to dial back that fight.
President Trump offered European nations and other countries a zero-tariff deal as a way out of an escalating trade war, but so far he has no takers despite a zero-tariff agreement signed last week between the European Union and Japan.
The European Union and Japan will sign one of the world’s biggest free trade deals later on Tuesday.
The untold story of the world economy is the potentially explosive interaction between the spreading trade war and the overhang of global debt, estimated at a staggering $247 trillion. That’s ‘trillion’ with a ‘t.’ The numbers are so large as to be almost incomprehensible.
Theresa May will come under intense pressure to secure a future trade deal with the United States as she sits down with Donald Trump just hours after he warned that her soft Brexit blueprint would ‘kill’ Britain’s chances.
British Prime Minister Theresa May will set out a blueprint on Thursday for what her government calls ‘a principled and practical Brexit’, putting at its core a plan for a free trade area for goods that has angered many in her party.
Sen. Jeff Flake, R-Ariz., said Tuesday that the Senate will vote on a motion on Wednesday aimed at challenging President Trump’s authority to impose tariffs on imports under Section 232 of the Trade Expansion Act of 1962, which permits a president to implement tariffs on ‘national security grounds.’
The U.S. merchandise trade deficit with China set a record through May, hitting $152,237,500,000 for the first five months of 2018, according to data released Friday by the Census Bureau.
The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports.
Trade tensions between the U.S. and China escalated Friday after months of threats over billions of dollars of tariffs.
Britain’s most senior official in charge of negotiating the country’s exit from the European Union resigned Sunday, two days after Prime Minister Theresa May announced she had finally united her quarrelsome government behind a plan for Brexit.
Employers in the United States are thought to have kept up their brisk pace of hiring in June, reflecting the durability of the second-longest U.S. economic expansion on record even in the face of a trade war with China.
President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods as the world’s two largest economies hurtled toward the start of a trade war.