Trade tensions put Indiana farmers and manufacturers in crosshairs
As the United States and China face off over tariffs and trade policy, some of Indiana’s most important industries are right at the center of the dispute.
Exports
Articles
China vows to ‘counterattack’ U.S. as trade spat worsens
Now in a tit-for-tat fight with the United States, the global superpower vowed Friday to retaliate if President Donald Trump makes good on his threat to apply tariffs to an additional $100 billion worth of Chinese goods.
Trump proposes new tariffs on $100B in Chinese goods
President Trump’s surprise move came a day after Beijing announced plans to tax $50 billion in American products, including soybeans and small aircraft, in response to a U.S. move this week to slap tariffs on $50 billion in Chinese imports.
U.S. trade gap increases to widest mark in nearly 10 years
The trade gap has continued to rise since Trump entered the White House partly because the U.S. economy is strong and American consumers have an appetite for imported products and the financial wherewithal to buy them.
Indiana soybean farmers worry about possible China tariffs
Some Indiana farmers are concerned that the struggling soybean industry could face another blow if China imposes tariffs on U.S. soybeans.
Holcomb traveling to Canada for three-day trade mission
The Indiana Economic Development Corp. announced Monday afternoon that Holcomb will spend Monday through Wednesday in Canada to promote investment in the state.
Trump’s trade tariffs to spare Mexico, Canada, possibly others
Unswayed by Republican warnings of a trade war, President Donald Trump ordered steep new tariffs on steel and aluminum imports to the U.S. on Thursday, vowing to fight back against an "assault on our country" by foreign competitors.
White House: No exemptions from steel, aluminum tariffs
President Donald Trump's administration appears unbowed by broad domestic and international criticism of his planned import tariffs on steel and aluminum, saying the president is not planning on exempting any countries from the stiff duties.
Trump sparks talk of trade war by ordering big tariffs on steel, aluminum
Ordering combative action on foreign trade, President Donald Trump declared Thursday that the United States will impose steep tariffs on steel and aluminum imports, escalating tensions with China and other trading partners.
Small, midsize Hoosier companies increasingly jumping into exporting
In central Indiana, 90 percent of companies sell to domestic customers alone, meaning they are missing out on 80 percent of the world’s buying power.
U.S. demands big NAFTA changes, setting stage for tough talks
The United States won't settle for cosmetic changes to the North American Free Trade Agreement, the top U.S. trade negotiator said, as negotiations to rework terms of the pact began.
Trump’s ‘retribution’ tax stirs questions, GOP resistance
Donald Trump’s threats to use taxes as “retribution” against U.S. companies that move jobs overseas are legally dubious, tax specialists say—and they’re prompting resistance from some Republican leaders who fear a coming era of economic protectionism.
Local exporters wary of Trump policies
Hoosier businesses hope negative campaign talk about nation’s trade deals won’t restrict free flow of Indiana goods outside U.S. borders.
Cummins CEO: Companies need to stand up for free trade, TPP
Tom Linebarger points to the company’s Seymour plant where 800 employees produce high-speed diesel engines—70 percent of which are exported globally—as a key reason he believes free trade is good for the Hoosier worker.
U.S. trade deficit hits widest point in 10 months
The deficit rose to $44.5 billion in June, 8.7 percent higher than in May. It was the biggest gap between what America sells abroad and what the country imports since last August.
Indy Chamber, Chase collaborate on grants for new export efforts
JPMorgan Chase provided $200,000 to fund the chamber’s GoGlobal Export Acceleration Grant program, which will target smaller companies and provide up to $5,000 in matching funds to cover business and marketing costs associated with new export activity.
PETERSON: Indiana, China inextricably linked
China matters very much to Indiana’s economy, and its significance will only grow.
U.S. trade deficit widens as exports hit 3-year low
Exports have been hurt this year by the rising value of the dollar, which makes U.S. goods less competitive on overseas markets, and weaker economic growth in China and other major export markets.
Pence planning May trade mission to China
Pence will travel with a delegation of Hoosier business leaders to Beijing, Shanghai and Hangzhou, the capital city of Zhejiang Province, Indiana’s Chinese sister-state. The delegation plans to leave May 9 and return May 16.
Strong dollar divides economy into winners, losers
Hoosier businesses and consumers face a dynamic not seen in a generation—a dollar significantly more muscular than many competing currencies. Experts predict the dollar’s clout and the pros and cons of that power will endure for a year and possibly as long as three.