Russia demanded compensation from the U.S. for its worldwide tariffs on foreign aluminum and steel Thursday, becoming the third influential member of the World Trade Organization to do so. China, the European Union and India have also objected, arguing the tariffs are a “safeguard” measure to protect U.S. domestic products from imports, which require compensation […]
WASHINGTON — U.S. President Donald Trump on Monday decried “stupid trade” with China, contending that U.S. automakers are hurt by hefty tariffs on their exports while the U.S. imposes a much smaller tax on imported Chinese vehicles. “When a car is sent to the United States from China, there is a Tariff to be paid of […]
President Donald Trump threatened on Saturday to impose a tax on European cars if the European Union chooses to retaliate against his plans to place tariffs on imported steel and aluminum. In a tweet Saturday morning, Trump said the U.S. had an “$800 Billion Dollar Yearly” trade imbalance because of “very stupid” trade deals and […]
Reports published Wednesday show a mixed picture of the U.S. economy, and a top official of the U.S. central bank says slow economic growth may continue for a while. A measure of the services sector of the U.S. economy showed continued growth, but at a slower pace than previously thought. A separate study shows the […]