Trump team, Canadian negotiators working on trade deal
The U.S. and Canada are sparring over issues including U.S. access to Canada's protected dairy market and American plans to protect some drug companies from generic competition.
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Indiana-based Vera Bradley says China tariffs will derail its recovery
Purse maker Vera Bradley has been moving production out of China, but says about 21 percent of the company’s products can’t viably be sourced elsewhere.
U.S. trade groups laud NAFTA replacement effort, but want three-way deal
The U.S. Chamber of Commerce, Business Roundtable and National Retail Federation were among the groups calling for the U.S. to also reach a deal with Canada, not just Mexico.
Trump says he’ll end NAFTA after reaching new deal with Mexico
President Donald Trump on Monday said he would terminate the North American Free Trade Agreement and sign a new trade accord with Mexico, potentially leaving Canada out of the bloc.
U.S., Mexico poised to reach NAFTA deal as soon as Monday
Along with Canada, the United States and Mexico have been negotiating for a year to overhaul the 24-year-old accord at the insistence of Donald Trump.
U.S.-China trade talks end with no breakthrough
U.S. and Chinese negotiators ended two days of meetings Thursday without breaking a deadlock over trade that has unnerved financial markets and disrupted global commerce.
Mike Braun’s ties to outsourcing magnified politically under Trump
Donald Trump's election in 2016 shifted the political dynamic for Republican business people like Mike Braun seeking public office.
Trump orders doubling of steel, aluminum tariffs for Turkey
The clash between the NATO allies reverberated across global markets Friday as an economic crisis in Turkey threatened to spread. The S&P 500 Index erased its gain for the week.
Braun owns auto-parts brand that sells foreign parts
Senate candidate Mike Braun has downplayed his company’s use of foreign-made goods, but his parts brand, Promaxx Automotive, includes products that were manufactured abroad, according to a review by The Associated Press.
Trump going ahead with taxes on $16B in Chinese imports
Customs officials will begin collecting the border tax Aug. 23, the Office of the U.S. Trade Representative said. The list is heavy on industrial products such as steam turbines and iron girders.
China cuts red tape, increases potential for breakthrough medicines
After decades of being starved of innovative treatments for serious conditions like cancer, diabetes and kidney disease, China’s 1.4 billion people are becoming a prime target for Eli Lilly and other pharmaceutical companies.
Fed expected to leave rates alone as trade war raises anxiety
The Federal Reserve will meet this week to assess an economy that has just enjoyed a healthy spurt of growth but faces a flurry of trade fights pushed by President Donald Trump that could imperil that growth over time.
Charles Koch says Trump tariffs could trigger U.S. recession
Billionaire industrialist Charles Koch, who leads a powerful policy and political network, said Sunday he worries President Donald Trump’s actions on trade and tariffs put the booming U.S. economy at risk.
U.S. firms seeking tariff waivers accuse steel makers of false information
Companies seeking waivers fear the Commerce Department will be swayed by opposition from U.S. Steel, Nucor and other domestic steel suppliers.
Trump, European Union leaders pull back from trade war
In a hastily called Rose Garden appearance with President Donald Trump, European Commission President Jean-Claude Juncker said the U.S. and the EU have agreed to hold off on new tariffs.
Trump rolls out $12B plan to help farmers hurt by trade disputes
Many farmers remain critical of President Donald Trump's tariffs, but were also appreciative Tuesday that he offered to provide some cash to help offset their losses.
Companies head for hearings to slow down tariffs on Chinese imports
Indiana-based Kimball Electronics said it might be forced to move manufacturing outside of the United States to avoid Trump’s tariffs on diodes and electric integrated circuits.
G-20 calls for more dialogue on rising trade tensions
The world's top financial officials called Sunday for more dialogue on trade disputes that threaten global economic growth, with one warning that differences remain and tensions could escalate further.
Auto industry cries foul as Trump moves toward car tariffs
President Trump’s latest plan is to consider slapping tariffs on imported autos and auto parts—a move he says would aid American workers but that could inflate car prices and make U.S. manufacturers less competitive.
Trump says U.S. might have separate trade deal with Mexico
President Donald Trump said he may prioritize a bilateral trade deal with Mexico over Canada and that he’s building a good rapport with Mexican President-elect Andres Manuel Lopez Obrador.