U.S. investors might be gripped by fear of a trade war with China well into the summer. That could keep a lid on stock market gains, or at least on companies with the most at stake in the world’s most populous country. China, after all, has the second-largest economy and is the No. 2 trade […]
Ford Kills Plan to Sell Chinese-Made Vehicle in the U.S….
Ford Motor Co (F.N) has abruptly killed a plan to sell a Chinese-made small vehicle in the United States because of the prospect of higher U.S. tariffs, the head of the automaker’s North American operations said Friday. The automaker’s decision came as U.S. President Donald Trump is escalating a trade battle with China, threatening to […]
Lighthizer Submits 90-day U.S.-Mexico Trade Modification Notification to Congress…
U.S. Trade Represenative Robert Lighthizer releases a statement announcing the administration is filing a NAFTA Section 2202 trade modification “notification of intent” letter to congress: Washington, DC – U.S. Trade Representative Robert Lighthizer today issued the following statement regarding the status of trade negotiations with Mexico and Canada: “Today the President notified the Congress of […]
Will Revisit Next Wednesday After Poll-Testing Canadian Sentiment…
NASDAQ Hits 8,000 for the First Time as NAFTA Deal Gets Closer…
Gap Joins U.S. Retail Rally as Quarterly Sales Top $4 Billion…
Despite growing concerns over fallout from the Trump administration’s trade barriers, Gap Inc. on Thursday joined other retailers in reporting profit growth for the most recent three-month earnings period. Revenue at the San Francisco-based apparel chain grew 7.5 percent to $4.09 billion for the quarter that ended on June 30. Net income rose 6.6 percent […]
Turkey Is Getting Off the U.S. Reservation…
This year’s BRICS Summit was a big show. No question. The main event was provided by Turkish President cum Dictator Recep Tayyip Erdogan. Erdogan wants to a a “T” to the acronym, making them the BRICTS. Erdogan also made it very clear Turkey’s shift away from the West will proceed faster if the bullying and […]
EU Steels Itself with New Tariffs Aimed at Protected Domestic Industry…
The European Union has announced that it will impose tariffs on steel imports into the bloc as part of its response to the US imposition of tariffs on steel and aluminum products. The measures are not just retaliatory, but a way to help shield the EU’s market from a glut of steel heading to the […]
EU Threatens $300 Billion Retaliation If U.S. Moves Ahead With Auto Tariffs…
More than a week after President Trump threatened to slap a 20% tariff on auto imports from the European Union, Brussels has issued a written warning to the US Department of Commerce with a threat of its own: If the Trump administration moves ahead with the auto tariffs, the bureaucrats in Brussels won’t hesitate to […]
Canada Makes Retaliatory Tariffs Official: ‘We will not back down’…
Canada’s foreign minister announced Friday that Ottawa plans to impose about $12.6 billion worth of retaliatory tariffs on U.S. goods on July 1, joining other major U.S. allies striking back in the escalating trade dispute. The country is working closely with the European Union and Mexico, according to Foreign Minister Chrystia Freeland. “We will not […]
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