trade

White House Announces $16 Billion In Aid To Farmers Hurt By China Trade Dispute

7:05pm May 23, 2019

by Bobby Allyn

The U.S. agricultural sector has been hit hard by the trade conflict with China. Agriculture Secretary Sonny Perdue says some of the aid money will be used to build markets elsewhere.

Zakary Pashak started Detroit Bikes when he moved to Detroit in 2011, at a time when the city was reeling.

For One U.S. Bike-Maker, Tariffs Are A Mixed Bag

5:52pm May 18, 2019

by Yuki Noguchi

Detroit Bikes, a rare domestic maker of bicycles, could see business increase as a result of increased U.S. tariffs on Chinese bikes. But imported parts it relies on are also subject to higher taxes.

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New cars sit in a lot at the Auto Warehousing Co. near the Port of Richmond in Caliornia last year. President Trump has threatened to impose heavy tariffs on auto imports, but the White House has not announced a decision.

Auto Industry Waits (And Waits) To See Whether Trump Will Slap New Tariffs On Cars

5:48pm May 15, 2019

by Camila Domonoske

President Trump's tariff tit-for-tat with China is not the only trade tension in town. The White House is weighing the possibility of tariffs on cars and car parts from Europe and Japan.

A cargo ship prepares to berth at a port in Qingdao in China's eastern Shandong province on Wednesday. New tariffs went into effect Friday.

New Round Of Tariffs Takes A Bigger Bite Of Consumers' Budget

11:04am May 10, 2019

by Yuki Noguchi

The latest round of tariffs on Chinese imports is expected to hit more products U.S. consumers actually buy, and businesses say they have no choice but to pass the added costs on to consumers.

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U.S. Trade Representative Robert Lighthizer discusses the United States-Mexico-Canada Agreement as President Trump and Treasury Secretary Steven Mnuchin look on Oct. 1, 2018. Lighthizer is now the chief U.S. negotiator in trade talks with China.

'Expect Change': Robert Lighthizer Is Trump's Hardball-Playing China Trade Negotiator

5:06am February 21, 2019

by Jim Zarroli

The U.S. Trade Representative has spent his career warning about the problems and perils of global trade. Now, as the chief U.S. negotiator with China, he's in a position to do something about it.

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U.S. and Chinese envoys extended trade talks into a third day Wednesday after President Trump said negotiations aimed at ending a tariff war were "going very well!"

World News

U.S.-China Trade Talks Wrap Up After Extending To 3rd Day

1:51pm January 09, 2019

by Matthew S. Schwartz

Successful talks could mean relaxed economic tensions and reduced tariffs between the two countries. Trump has threatened to restart the trade war if no deal is reached by March 2.

People withdraw money from a bank machine in the Iranian capital Tehran's Grand Bazaar in November, months after President Trump announced in May he was withdrawing from the 2015 Iran nuclear deal and reimposing sanctions on the country.

Iran Has Had An Especially Bad 2018

7:51am December 18, 2018

by Peter Kenyon

The Trump administration hit Iran with sanctions after pulling out of the nuclear deal. That's hurt the Iranian economy — and emboldened hard-liners.

Employees work on the assembly line of the Tiguan model at the Volkswagen car plant in Puebla, central Mexico, in March. The auto sector is a key focus of the newly revised North American Free Trade Agreement.

Will NAFTA 2.0 Really Boost Mexican Wages?

1:43pm October 17, 2018

by Carrie Kahn

The new trade deal signed by the U.S., Mexico and Canada says much of a car should be built by workers making at least $16 an hour. Some experts are skeptical that will happen anytime soon in Mexico.

Map: Chinese companies are investing in ports around the world, including these ports in Europe and along the Mediterranean.

Chinese Firms Now Hold Stakes In Over A Dozen European Ports

4:59am October 09, 2018

by Joanna Kakissis

China's expansion into European ports is part of its new Maritime Silk Road, which aims to better connect the country to global commercial hubs. But this is about more than just moving cargo.

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Cargo containers are loaded on ships at a port in Qingdao in China's eastern Shandong province in April. China said it will impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday.

China Sets Tariffs On $60 Billion In U.S. Goods, Retaliating Against U.S. Duties

12:20pm September 18, 2018

Hours after President Trump announced tariffs on $200 billion in Chinese goods, Beijing responded with its own levies on $60 billion worth of U.S. products.