President Donald Trump plans to meet Chinese counterpart Xi Jinping at next month’s G-20 summit, an encounter that could prove pivotal in a deepening divide over trade that is sending stocks tumbling and clouding the outlook for the global economy.
May 13, 2019GovernmentBusinessLogistics
China Defies Trump With Plans to Raise Tariffs on US Products
China announced plans to raise duties on some American imports starting June 1, defying a call from President Donald Trump to resist escalating a trade war that is sending stock futures tumbling and clouding the outlook for the global economy.
May 13, 2019GovernmentBusiness
China Armed With Powerful Market Weapons in Duel With Trump
China has a powerful financial-market arsenal for its trade tussle with America, including a hoard of Treasuries and its currency. But using those weapons is not without cost.
May 10, 2019Logistics
Trump Says US Will Purchase Crops for Aid to Offset China Losses
President Donald Trump said that the U.S. will boost its purchases of domestic farm products for humanitarian aid in an effort to offset lost demand from China as trade tensions flare between the nations.
May 10, 2019GovernmentBusinessLogistics
Common Consumer Goods May Be Target of Retaliatory Tariffs
President Donald Trump’s latest threat to raise tariffs on Chinese goods puts vital intermediate equipment and everyday consumer goods used by millions of Americans back into the cross-hairs.
May 8, 2019GovernmentBusinessLogistics
Tariffs Could Lead Polaris Snowmobile Maker to Mexico
Scott Wine jokes that he doesn’t want to have to start building snowmobiles in sweltering Mexico. But the Polaris CEO is dead serious about the unintended consequences that higher U.S. tariffs on Chinese goods will have on Polaris Industries Inc. — including forcing him to consider moving jobs to Mexico.
May 8, 2019GovernmentBusinessLogistics
China Prepares Retaliatory Tariffs as Chief Negotiator Heads to US
China’s top trade negotiator Liu He will travel to the United States this week for high-stakes talks as prospects dimmed for maintaining a fragile truce after President Donald Trump threatened to raise tariffs on Chinese goods starting May 10.
May 7, 2019GovernmentBusinessLogistics
Mexico Border Delays Seen Weighing on US Investment, Factories
More cargo from Mexico to the United States is being held up at the border, accompanied by increasing evidence that such delays are dimming prospects for American companies.
May 7, 2019GovernmentBusinessLogistics
Grain Markets Dive to 42-Year Low After Trump’s Trade Tweets
Soybean and corn futures slumped after tweets from Donald Trump that threaten an escalation of the U.S.-China trade war, frustrating battered American producers hoping for a quick resolution.
May 7, 2019GovernmentBusinessLogistics
Trump’s Tariffs on Chinese Electric Cars Seen Likely to Last
With China bent on dominating the future of electric vehicles, President Donald Trump is likely to erect trade barriers targeting that technology in the form of stiff new tariffs that will have staying power, according to a consultant on the country’s auto market.
May 7, 2019