Most of the pasta sold in the U.S. is already made here. But imports from Italy made up about 12% of the pasta market, according to Time magazine. If your favorite pasta is imported from Italy, it might be time to stock up before the tariffs go into effect — or find a cheaper alternative. … Read More

One of the 13 Italian pasta companies facing whopping 107% tariffs come January is pleading with the Trump administration to axe its plans – which could force the business to double its prices. An executive with the American branch of Italian pasta giant Rummo told The Post it could only last a month or two … Read More

Beijing officials call China’s current deflationary malaise “involution” — a destructive cycle of intense, self-destroying business competition sparked by excess capacity. According to a Bloomberg News analysis, it feels even more pronounced on the ground. Using data on almost 70 everyday products and services from multiple sources, our analysis showed prices dropped more sharply than … Read More

The National Retail Federation expects Americans to cross a milestone this season, with holiday sales topping $1 trillion for the first time. In the new forecast, the trade association projects that November to December sales will rise between 3.7% and 4.2% from last year, reaching $1.01 trillion to $1.02 trillion. Executives underscored the outsized role … Read More

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