Trade Gap Widens for Sixth Month Ahead of Trump Tariffs
The U.S. trade deficit widened by more than forecast to a fresh nine-year high in February amid broad-based demand for imports, ahead of Trump administration tariffs that have raised the specter of a trade war.
Trade Fight Expected to Add Risk but Not Sink US Economy
The latest tariff salvos between the United States and China have brought a trade war closer to reality. It’s a risk that the world’s biggest economy is well-positioned to ride out.
China’s Counterpunch to Trump’s Tariffs Sparks Global Selloff
Tit-for-tat tariff threats from the United States and China ignited fears that a trade war is beginning between the world’s two largest economies, lowering U.S. stock futures.
April 4, 2018Growth in US Service Industries Cools for a Second Month
Growth in U.S. service industries cooled in March for a second month as orders settled back from the fastest pace in more than 12 years, a survey from the Institute for Supply Management showed April 4.
Companies Add 241,000 Workers in March, ADP Data Show
Companies added more workers than forecast to U.S. payrolls in March, signaling the job market remains robust, according to data released April 4 from the ADP Research Institute in Roseland, N.J.
April 4, 2018'Absurd' US Tariffs Underscore European Union’s Frustration Over Trade Spat
The security reasons given by the White House for imposing tariffs on Europe make no sense, the prime minister of Denmark said as he questioned the underlying logic of U.S. trade policy.
China Vows to Respond to US Tariffs With ‘Same Scale, Intensity’
China will respond to any tariffs imposed by the U.S. against alleged violations of intellectual property rights with the same proportion, scale and intensity, said its U.S. ambassador Cui Tiankai.
April 3, 2018Dow Drops More Than 400 Points After Being Down 700 as Trade-War Fears Intensify
Stock prices opened the second quarter with another sharp decline April 2 as investors grew increasingly worried about the rising U.S. trade dispute with China and a flurry of problems hammering the nation’s marquee technology firms.
Construction Spending Grows Just 0.1% in February
Spending on U.S. construction projects ticked up a mere 0.1% in February from the prior month, a sign that a growing economy is doing little to spur a more rapid pace for building homes, hospitals and highways.
Factory Gains Cool as Inflation in Raw Materials Picks Up
U.S. factories expanded at a slightly slower pace in March, and a measure of raw-material prices hit an almost seven-year high, as manufacturers struggled to keep up with demand, data from the Institute for Supply Management showed April 2.
April 2, 2018