Trade Deficit Exploded in October on Record Imports
The nation’s trade deficit with foreign countries rose to its highest level in a decade in October, driven by record imports, the Commerce Department said Thursday.
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WTO Cuts Trade Growth Forecast Amid US Tariff Disputes
The World Trade Organization lowered Thursday its global trade growth forecasts, citing increased trade tensions between large economies and heightened uncertainty.
Read moreMore US Corporate Giants Warn Tariffs Will Mean Price Hikes
From Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump’s tariffs on U.S. imports are raising their costs and prices.
Read moreFeds OK Import of Canadian Cannabis for Medical Study
In a rare move, federal authorities will allow pharmaceutical-grade cannabis to be imported from Canada for use in a novel research study for treating tremors in adults, the University of California, San Diego, announced Tuesday.
Read moreNew Tariffs From Trump Goad Blowback From China
Responding to President Donald Trump’s unveiling of new tariffs on $200 billion in Chinese goods, China said Tuesday it would slap tariffs of its own on $60 billion in U.S. imports.
Read moreTrump: Ready to Tax an Additional $267B in Chinese Imports
President Donald Trump said Friday that he’s prepared to impose tariffs on an additional $267 billion in Chinese imports. Such a step would significantly escalate his trade war with Beijing and would likely increase costs for a broad range of U.S. businesses and consumers.
Read moreMajor Customs Bust Nabs 21 on Counterfeiting
Twenty-one people were arrested and set for arraignment Thursday in one of the biggest counterfeit-goods busts in the history of U.S. Customs and Immigrations Enforcement.
Read moreTrump Ready to Hit All Chinese Imports With Tariffs
President Donald Trump has indicated that he’s willing to hit every product imported from China with tariffs, sending U.S. markets sliding before the opening bell Friday.
Read moreUS Launches National-Security Probe Into Uranium Imports
The Commerce Department on Wednesday said it is investigating U.S. dependence of foreign uranium imports, relying on the same legal grounding the Trump administration recently used to impose massive tariffs on a wide range of imported whoelsale and consumer products.
Read moreEU Tries to Limit Influx of Steel Diverted by US Tariffs
The European Union has announced measures to shield its market from a glut of steel heading to the continent after the U.S. imposed tariffs on imports of the metal.
Read morePutin Extends Ban on Western Food Imports
Russian President Vladimir Putin has extended a ban on Western food imports for another 18 months after the European Union’s decision to prolong its broader, punitive sanctions over Russia’s actions in Ukraine.
Read moreUS Announces $50 Billion in Tariffs on China Imports
The Trump administration is announcing a 25 percent tariff on $50 billion worth of Chinese imports, escalating a trade dispute between the world’s two largest economies.
Read moreChina Tech Giant Crippled, US Imports Held Amid Trade Spat
A Chinese tech giant brought to its knees and delays for imported U.S. cars, apples, lumber and other agricultural products are early signs the widening trade dispute between China and the U.S. is exacting a toll on both sides.
Read moreInsurance Fraud
Saying it was the victim of a long-running export insurance fraud involving consumer electronics, Korea Trade Insurance Corp. filed suit for $137 million against ActiveOn Inc., On Corp. US and RCA Electronics Inc. in San Diego County Superior Court.
Read moreChina’s Lobster Imports Keep US Price High, but No Tariffs
China’s hunger for American lobsters is helping keep prices high to U.S. consumers, but a tariff on the seafood does not appear imminent.
Read moreSteel Exporter Scoffs at ‘National Security’ Basis for New Tariffs
Decrying the measures as a political ploy, a Russian-owned Swiss steel exporter brought a federal complaint Thursday to strike down tariffs on steel and aluminum ordered this month by President Donald Trump.
Read moreTrump Signs Order Punishing China on Trade
President Donald Trump signed an order Thursday that paves the way for imposing tariffs on as much as $60 billion worth of Chinese imports to punish Beijing for what he said is the theft of American technology and Chinese pressure on U.S. companies to hand it over.
Read moreTrump to Impose Tariffs on Imports of Steel and Aluminum
Determined to protect vital American industries, President Donald Trump said Thursday that he will impose tariffs on steel and aluminum imports in response to what he called decades of unfair trade policies.
Read moreUS Farmers Lose Battle to Keep Ban on Argentine Citrus
The U.S. government wasn’t purely motivated by foreign policy concerns when it lifted a ban on lemon imports from Argentina, a federal judge ruled late Tuesday.
Read moreEU Fires Back in Trade Spat With Squeeze on US Juice, Whiskey
Threatened import restrictions of aluminum and steel by Washington has led the European Union to include orange juice and Kentucky bourbon as U.S. products it would target in reaction, German media reported.
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