The gap between U.S. exports and imports, which remained at a relatively high level in September, has defied efforts by President Trump to decrease it with tariffs.
Category: Customs (Tariff)
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America’s Trade Deficit Remained Elevated in September
The New York Times – Business: -
Trump’s Tariffs Are On the Ballot in Michigan
The New York Times – Business:The levies as well as trade fighting with Canada are facing a test in the state, where voters appear skeptical of free trade but also of the president’s erratic approach.
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Audi to Build Factory in Georgia, Trump Says
The New York Times – Business:The Volkswagen division, which imports all its cars from Europe or Mexico, has been hit hard by U.S. tariffs.
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Ahead of Tight Race, Trump Exempts Some Canadian Goods From Tariffs
The New York Times – Business:The move was announced by Senator Susan Collins, a Maine Republican who faces a tough re-election fight amid rising prices.
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Trump’s Tariffs Slow America’s Access to Canada’s Cheese
The New York Times – Business:The Trump administration’s tariffs are slowing Americans’ access to the cheese just as producers were finding a foothold stateside.
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Trump’s Plan to Import More Ground Beef Is Falling Short
The New York Times – Business:About a fifth of the 300,000 metric tons of lean beef trimmings have come through customs, six weeks through a program designed to lower prices.
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Trump Tariffs on Canada Spark Latest Lawsuit Over Trade Powers
The New York Times – Business:Once again, the president’s ability to wage a trade war without Congress will come before a court that has repeatedly ruled against him.
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China’s Exports Soar, Putting Its Trade Surplus on Track for a Record
The New York Times – Business:China’s exports grew last month at the fastest pace in almost any month since the end of the global financial crisis.
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Europeans Have a Love-Hate Relationship With Chinese Cars
The New York Times – Business:Consumers across the continent increasingly want to buy low-cost Chinese vehicles. Policymakers are seeking to slow them down.
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China and Europe Agree to Deal to Limit Chinese Exports of Hybrid Cars
The New York Times – Business:The European Union said that the deal could roughly halve Chinese shipments over four years. But it also could lead to an even stronger Chinese auto industry.
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Europe’s Trade Tensions With China Are Coming to a Head
The New York Times – Business:The European Union is weighing tougher trade measures as negotiators prepare to meet Chinese officials in Beijing, with surging exports from China pressuring key industries in Europe.
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Porsche, Facing Falling Profits, Plans to Cut 25% of Its Work Force
The New York Times – Business:The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.