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Despite the higher costs related to tariffs, Caterpillar raises its guidance.
To date, the Department of Commerce has approved 220 requests for exclusions of steel and aluminum and denied 175. The remaining tens of thousands are waiting to be processed.
Aditi Roy reports on the impact tariffs, and the threat of new ones, could have on the nation’s busiest port.
After the White House’s latest threat of 10 percent tariffs on $200 billion of Chinese goods, officials in Beijing are looking to “hit back in other ways,” according to a report by the Wall Street Journal.
“There’s no bright line level of the stock market that’s going to change policy,” the Commerce secretary says.
Canada Friday fired the latest round in a widening trade war sparked by President Donald Trump’s tough trade stance that helped him win the 2016 presidential election.
They may have to start passing out neck braces on trading floors if the White House’s contradictions on trade policies continue much longer. Investors are getting whiplash from watching the back-and-forth happening among Trump administration officials who can’t seem to agree on a trade policy. Monday’s action featured a series of mixed messages about President …
Even as growth ramps up to what could be the fastest rate since before the financial crisis, economists are worried that a trade war could tip the U.S. into a significant slowdown or even a recession. Fears over a GDP pullback comes as President Donald Trump threatens another more severe round of tariffs aimed both at China and the European Union.
As China and the U.S. near a trade war, both nations bring different weapons to the table. For the U.S., it’s direct tariffs on the plethora of goods it imports, while for China the calculus is a little different.
Steve Liesman reports on the economic consequences from the Trump administration’s trade polices.
Trump says he’s taking the action “in light of China’s theft of intellectual property and technology and its other unfair trade practices.”
Eamon Javers reports on the White House imposing 25% tariffs on steel and 10% tariffs on aluminum for America’s biggest trading partners.
Contessa Brewer reports dairy farmers across eight states are struggling as big retailers, such as Walmart and Kroger, get into the milk business.
China is reportedly looking to line up other countries against the U.S. in a pending trade war, after the White House announced an unexpected move forward on trade tariffs.
Kayla Tausche reports on the status of trade talks between the U.S. and China and the U.S. and its NAFTA allies.