Trump launches the opening salvo in US trade war with China as tariffs take effect
The U.S. tariffs on $34 billion worth of Chinese goods kicked in on Friday, taking the war of words between the nations into the real economic realm.
Trade
Warning of a global crisis, Germany’s Angela Merkel pledges ‘every effort’ to avert a U.S. trade war
German Chancellor Angela Merkel said Wednesday that the European Union will make every effort to avoid a trade war with the United States, and underlined her country’s commitment to raise defense spending gradually — another point of contention with Washington.
Feds widen investigation into Facebook’s sharing of data with Cambridge Analytica: Report
The federal investigation looking into how Facebook shared user information with data firm Cambridge Analytica has widened to include three agencies, according to a new report.
Trump makes veiled WTO threat after EU warning on car tariffs
U.S. President Donald Trump warned the World Trade Organization on Monday that ‘we’ll be doing something’ if the United States is not treated properly, just hours after the European Union said that U.S. automotive tariffs would hurt its own vehicle industry and prompt retaliation.
EU leaders agree on migration after late-night summit
European Union leaders reached an agreement on migration after almost 10 hours of chaotic talks in Brussels over the sensitive issue threatening their union and zone of free travel, as well as German Chancellor Angela Merkel’s government.
Trump warns countries of retaliation over trade barriers
President Trump on Sunday warned other countries that the U.S. would retaliate if they placed trade barriers and tariffs on U.S. exports.
U.S. Plans Curbs on Chinese Investment, Citing Security Risk
The Treasury Department is planning to heighten scrutiny of Chinese investments in sensitive U.S. industries under an emergency law, putting Washington’s trade war with Beijing on a potentially irreversible course.
EU’s retaliatory tariffs on US products come into effect
The EU has officially imposed tariffs on US jeans, motorbikes, bourbon and other items in response to a similar move from the US. The measures have some experts worried the world could be heading toward a trade war.
EU ready to open talks with U.S. to fix trade row
The European Union is ready to engage with the United States to solve a trade row triggered by Washington’s decision to impose metal impose tariffs, E.U. Trade Commissioner Cecilia Malmstrom said on Thursday.
Trump’s tariffs receive bipartisan criticism at Senate hearing
Senators of both parties blasted Commerce Secretary Wilbur Ross over President Trump’s steel and aluminum tariffs Wednesday, saying the levies are harming the U.S. economy while doing nothing to stop China’s unfair trade practices.
Trump threatens more tariffs on $200 billion worth of Chinese exports
President Trump escalated his trade feud with China Monday night, threatening to impose tariffs of 10 percent on another $200 billion worth of Chinese goods.
Trump to slap tariffs on nearly $50 billion in Chinese goods
President Trump is ready to slap tariffs on nearly $50 billion in Chinese goods, according to reports, reigniting fears of a trade war between the world’s two largest economies.
Trump calls for G-7 countries to drop all tariffs, subsidies
President Trump proposed a major shakeup of the world’s economic order during a summit in Canada this week, suggesting the world’s big economies drop all tariffs and market-distorting subsidies and go to a fully free system of trade.
Trump trades barbs with leaders of Canada, France ahead of G-7 summit
President Trump engaged in some long-distance trash talking with the leaders of France and Canada over trade Thursday night as he prepares to meet them face-to-face Friday at the Group of Seven summit in Quebec.
$119,050,900,000: Merchandise Trade Deficit With China Hit Record Through April
The U.S. merchandise trade deficit with China set a record through April, hitting $119,050,900,000 for the first four months of 2018, according to data released today by the Census Bureau.
EU sets July timeframe for US tariff reprisals
The EU says it expects to retaliate next month after the US imposed tariffs on the bloc’s steel and aluminium products, sparking fears of a global trade war.
Khamenei says Iran set to boost enrichment capacity if nuclear deal founders
Iran’s top leader said on Monday he had ordered preparations to increase uranium enrichment capacity if a nuclear deal with world powers falls apart after the U.S. withdrawal, and he vowed never to accept limits on Tehran’s ballistic missile program.
Pres. Trump Considering Killing NAFTA, Creating 2 Separate Deals
President Trump signals he may eliminate the NAFTA agreement entirely and negotiate two separate deals with Canada and Mexico.
Trump slams trade critics: ‘U.S. has been ripped off for years’
President Trump on Saturday blasted critics who accused him of starting a trade war, saying the U.S. has been losing the trade war for years.
US lawmakers push for recognition of Israeli sovereignty over Golan
An American plan to bring the U.S. closer to recognizing the Golan Heights was laid out for Israeli and American officials in Washington last week.