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.
Trump Blames Tariff Critics for Weakening US Bargaining Power
President Donald Trump lit into critics of his tariffs, saying discord — some from Republicans in Congress — undercuts his ability to narrow the U.S. trade gaps with other countries.
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.
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’s “competitive edge,” taking a fresh jab at the Federal Reserve. Stocks and the dollar fell.
Electric Vehicles Seen Imperiling US Jobs, UAW Says
Mexico Sees Chance to Finish NAFTA by Year’s 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’s Ambassador to the U.S., Geronimo Gutierrez, said July 17.
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.
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.
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, 2018US Growth ‘Close to a Peak’ as Trade Spat, Housing Pose Risks
The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived.