Record exports cut U.S. trade deficit to $49 billion
Exports rose in March to a record $208.5 billion, led by shipments of civilian aircraft and soybeans. Imports slipped 1.8 percent, to $257.5 billion.
International Business
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Foreign ambassadors set to descend on Indianapolis
More than 30 foreign ambassadors—representing countries across four continents—are scheduled to be in Indianapolis to learn about Indiana’s economy and explore potential business relationships with Hoosier firms.
White House delays tariffs on European Union, Canada and Mexico
The White House said Monday it would postpone a decision on imposing tariffs on U.S. imports of steel and aluminum from the European Union, Canada and Mexico for 30 days.
First phase of Infosys’ $245M airport campus will be $35M training center
The ultimate project, to be developed in phases over the next several years, is expected to be a $245 million, 141-acre complex with 786,000 square feet of facilities.
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.
Major trade rift could imperil solid global economy, IMF says
The International Monetary Fund has upgraded its economic outlook for the United States in 2018 and foresees a strong year for the global economy as well. But its chief economist warns that a major trade conflict could change things.
Agricultural experts troubled by GOP Senate candidates’ tariff talk
Indiana's three Republican Senate candidates continue to voice support for President Donald Trump's trade brinkmanship with China, even as experts warn that a trade war could drive farmers into bankruptcy.
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.
China lists $50 billion in U.S. goods it might hit with 25 percent tariff
Beijing’s list of 106 products included the biggest U.S. exports to China, reflecting its intense sensitivity to the dispute over American complaints that it pressures foreign companies to hand over technology.
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.
Indianapolis receives World Trade Center designation
The World Trade Centers Association announced the decision Monday morning after an application and approval process that lasted more than a year.
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.
Indiana craft beer industry paying attention to Trump tariffs
The tariff will result in higher prices for the metal used in beer cans. Brewers might have to consider bottling some beers if aluminum prices become too high to absorb.
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.
Bill allowing ‘Dreamers’ to get licenses clears Indiana House
Young immigrants often referred to as "Dreamers" would no longer be prohibited from obtaining professional licenses under emergency legislation approved Monday.
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.