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.
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.
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.
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.
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.
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.
Some Indiana farmers are concerned that the struggling soybean industry could face another blow if China imposes tariffs on U.S. soybeans.
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.
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.
Tthe trip is intended to strengthen relationships and encourage continued investment and trade with the state's largest foreign investor.
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.
The president might order his trade office to look into whether to launch an investigation under the Trade Act of 1974 of possible Chinese theft of U.S. technology and intellectual property.
Of the 454 companies in the S&P 500 that have so far reported second-quarter results, 68 percent have beaten analysts’ average estimates for revenue and 78 percent have topped per-share earnings expectations.
Indiana’s businesses and trade associations hope Indianapolis lands the designation so they can use the New York City-based association’s network to link with companies globally.
Hoosier businesses hope negative campaign talk about nation’s trade deals won’t restrict free flow of Indiana goods outside U.S. borders.
