Attorneys general in Indiana, 13 other states: Let’s hold China accountable
The letter is part of a growing call among state elected officials pointing blame at China for economic loss and deaths caused by the coronavirus.
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Stocks, oil prices plunge as virus closes sites around world
The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Saudi Arabian schools.
Oil plunges 25% as another virus-fueled trading week begins
Oil prices are plunging amid worries that an OPEC dispute will lead an economy weakened by COVID-19 to be awash in an oversupply of crude.
Vietnam buying $3 billion in U.S. farm goods to ease Trump tariff threats
The agricultural shopping spree is part of a campaign to address complaints about the trade surplus and difficulties U.S. companies face in accessing Vietnamese markets.
Virus hammers business travel as wary companies nix trips
The cancellations and travel restrictions are a major blow to business travel, which makes up around 26% of the total travel spending. The Global Business Travel Association estimates the virus is costing the business travel industry $47 billion per month.
Global markets fall sharply as virus cases spread past Asia
The Dow Jones industrial average slumped more than 3% and gave up all of its gains for the year as a surge in virus cases and a worrisome spread of the disease outside the epicenter in China sent investors running for safety.
Trump signals he’s prepared to give farmers more federal aid
China’s economy is being rocked by the new virus that has infected more than 75,000 people and forced many businesses and factories to temporarily close.
China suspends more penalties on U.S. goods after trade truce
Goods affected by the latest reduction include industrial components and medical and factory equipment.
Automakers in China gradually reopen after virus shutdown
Local officials have orders from the ruling Communist Party to get businesses functioning again while still enforcing anti-disease curbs that have shut down much of the world’s second-largest economy.
China cuts tariffs on $75B of U.S. imports in trade truce
The cuts follow last month’s signing of a “Phase 1” agreement toward ending a long-running tariff war over Beijing’s technology ambitions and trade surplus.
Stocks rise to records despite fears over virus from China
Health experts don’t know how far the virus will spread and how bad the crisis will get, yet stocks are rallying as if investors are expecting no more than a modest hit to the global economy.
U.S. trade deficit sees first annual decline in six years
The Commerce Department said Wednesday that the gap between what the United States sells and what it buys abroad fell 1.7% last year, to $616.8 billion.
Clock ticking for companies that depend on China imports
If much of industrial China remains on lockdown for the next few weeks, Western retailers, auto companies and manufacturers that depend on Chinese imports will start to run out of the goods they depend on.
Companies with China ties start to feel virus impact
The dangerous virus spreading through China threatens a wide range of industries with ties to the world’s second largest economy.
Trump: New trade deal with Canada, Mexico to boost U.S. growth
President Donald Trump on Wednesday signed into law a major rewrite of the rules of trade with Canada and Mexico that he said replaces the “nightmare” of a Clinton-era agreement and will keep jobs, wealth and growth in America.
US, China deal aims to simmer long-running trade tensions
President Donald Trump signed a trade agreement Wednesday with China that is expected to boost exports from U.S. farmers and manufacturers, protect American trade secrets and lower tensions in a long-running dispute between the world’s two biggest economies.
U.S.-China pact signing to ease tension but leave much undone
President Donald Trump and China’s chief negotiator, Liu He, are scheduled to sign a modest trade agreement on Wednesday in which the administration will ease some sanctions on China and Beijing will step up its purchases of U.S. farm products and other goods.
Report: U.S., China reach agreement to resume economic talks
The Wall Street Journal reported Saturday that the resumption of the talks was set to be announced on Wednesday when the Trump administration signs a Phase One trade agreement with China in Washington, D.C.
China announces tariff cuts, more competition in markets
The latest step is intended to “promote the coordinated development of trade and environment,” the official Xinhua News Agency in China said.
Indianapolis to host international business conference
The state plans to welcome hundreds of business and economic development leaders to Indianapolis in the spring for its first-ever Indiana Global Economic Summit.