Changing technology, political turmoil and competition from China are cutting into profits and forcing carmakers to cut jobs and close factories.
Category: International Trade and World Market
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Trump Backs a Longshoremen’s Union That Supported Him
President-elect Donald J. Trump is supporting the International Longshoremen’s Association, which could strike soon if it doesn’t reach a deal on automation with employers.
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Biden Says Trump’s Tax Cuts and Tariffs Would Be ‘a Major Mistake’
The president also said his successor would face blowback from the Republican Party if he tried to unwind the Biden agenda.
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Oil Markets Shrug Off Overthrow of Syria’s al-Assad
Traders appeared to be more concerned about tepid global growth and an oversupply from other producers than about Bashar al-Assad’s ouster.
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A Second Trump Term Is Set to Scramble Trade Alliances
Europe’s new pact with South America, its largest deal to date, could be a sign of how countries will diversify trade relationships as Donald Trump threatens tariffs.
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As Trump Threatens Tariffs, Europe and South America Strengthen Ties
The European Union and five South American countries have reached an agreement to establish one of the largest trade zones in the world.
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Political Turmoil Adds to the Economic Woes of South Korea
Even before a short-lived declaration of martial law thrust the country into crisis, the economy faced grim prospects.