Economy News Updates

Government, Business

US Economy Surges to 4.1% Growth Rate in 2Q

WASHINGTON 鈥 The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1%. That鈥檚 the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered ahead of retaliatory tariffs.

July 27, 2018
Government, Business

NAFTA Talks to Pick Up Again as Threat of Auto Tariffs Looms

High-level talks for a new NAFTA are picking up again this week following two months of limited negotiations that were marred by tit-for-tat tariff battles and diplomatic fallout.

July 26, 2018
Government, Business

Trump Blames Tariff Critics for Weakening US Bargaining Power

President Donald Trump lit into critics of his tariffs, saying discord 鈥 some from Republicans in Congress 鈥 undercuts his ability to narrow the U.S. trade gaps with other countries.

July 25, 2018
Government, Business

Mnuchin Shift to Trade Warrior Makes Him Likely G-20 Target

The U.S. Treasury Department has gone from economic diplomats to trade warriors, a shift that leaves Secretary Steven Mnuchin once again exposed to broadsides from global counterparts as tensions grow ahead of a multilateral summit.

July 20, 2018
Government, Business

Trump Blasts Fed Rate Hikes, Says Strong Dollar Hurts US

President Donald Trump lashed out at China and the European Union for their weak currencies and said a stronger dollar and rising interest rates are undermining America鈥檚 鈥渃ompetitive edge,鈥 taking a fresh jab at the Federal Reserve. Stocks and the dollar fell.

July 20, 2018
Government, Logistics

Mexico Sees Chance to Finish NAFTA by Year鈥檚 End, Official Says

There is a fair chance that North American Free Trade Agreement negotiations can wrap up by the end of the year, Mexico鈥檚 Ambassador to the U.S., Geronimo Gutierrez, said July 17.

July 17, 2018
Business

US Retail Sales Advance for Fifth Month; May Revised Up

U.S. retail sales rose for a fifth month in June, and figures from May were revised upward amid gains at auto dealers and nonstore vendors, capping a quarter that probably saw consumer spending pick up after a tepid start to the year.

July 16, 2018
Business

US Payrolls Rise 213,000; Wage Gains Slow, Unemployment Up

U.S. hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market has room to keep expanding.

July 6, 2018
Government, Business

Trade Deficit Narrows to Smallest Since 2016 on Soybean Exports

The U.S. trade deficit narrowed in May to its smallest since October 2016 on a jump in exports of soybeans and aircraft amid the threat of retaliatory tariffs.

July 6, 2018