China’s exports contracted in October, dropping 1.1% from a year earlier, as global demand failed to offset the slump in shipments to the US. Shipments to all nations except the US rose 3.1%, but this was not enough to compensate for the more than 25% decline to America. Chinese exports to the US tumbled 25% … Read More
Executives of steel maker Nucor Corp. have dropped their plan to build a rebar micro mill in the Pacific Northwest because they think some of the company’s other recent investments have given them enough capacity to supply clients in the Western United States. The Nucor team spent nearly $3.2 billion on capital projects last year—which … Read More
The US and South Korea have reached a broad trade deal, both countries have said following talks between their leaders. South Korea’s presidential aide, Kim Yong-beom, said the two sides will reduce reciprocal tariffs from 25% to 15%, as was agreed earlier this year. South Korea will also invest $350bn (£265bn) in the US, including … Read More
Toyota Motor is gearing up to start shipments of American-made models to Japan. The company says the imports are aimed at helping to cut the US trade deficit. Japan’s government pledged to ease trade tension as part of a tariff deal, backed by the private sector. Toyota is one of the companies stepping forward. The … Read More
This week, President Trump signed Agreements on Reciprocal Trade with Malaysia and Cambodia and reached Frameworks for Agreements on Reciprocal Trade with Thailand and Vietnam. These historic deals demonstrate that America can maintain tariffs to lower the goods trade deficit while expanding Americans’ market access. The announcement was immediately met with widespread praise from American … Read More
Six months into Donald Trump’s trade war, the resilience of Chinese exports is proving just how essential many of its products remain even after US levies of 55%. Every day, about a billion dollars worth of goods is crossing the Pacific from China to the US, with the amount ticking up in September from August. … Read More
The National Cattlemen’s Beef Association along with the Ranchers-Cattlemen Action Legal Fund United Stockgrowers of America and other farming groups – who are normally some of the president’s biggest supporters – all criticized Trump’s idea because of what it could do to American ranchers and feedlot operators. And agricultural economists say Argentine beef accounts for … Read More
Amid the chaos of erratic U.S. tariff announcements, Chinese exporters making everything from kitchen appliances to Halloween decorations have responded by selling more goods to buyers in Europe, Latin America, the Middle East and Africa. Jacky Ren, whose Gstar Electronics Appliance factory used to generate more than 60% of its revenue from U.S. orders, says … Read More
Action: Last week, the Administration redirected $300 million in unspent tariff revenue from FY2025 to the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). WIC was at risk of running out of funding this month because of the government shutdown, which occurred just before the program was slated to receive its annual appropriation. … Read More
The US is taking steps to block HKT, one of Hong Kong’s largest phone companies, from accessing domestic telecom networks, citing national security concerns. The FCC has called on HKT to explain why revocation proceedings should not be commenced against it, due to its affiliation with China Unicom Hong Kong Ltd. The move is seen … Read More
