Biden to call for end of normal trade relations between U.S., Russia
Russia is not one of the United States’ top trading partners, but the goods and services exported by both countries are still substantial.
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U.S. accuses China of backing away from free-trade commitments
In its annual report on Chinese compliance with WTO rules, the Office of the U.S. Trade Representative said Wednesday that China isn’t keeping the promises it made to open its markets to foreign competition.
Key U.S.-Canada bridge reopens after police clear protesters
The crossing normally carries 25% of all trade between the two countries, and the blockade on the Canadian side had disrupted business in both countries, with automakers forced to shut down several assembly plants.
COVID-19 truck blockade in Canada leads to auto plant shutdowns
The blocked bridge carries 25% of all trade between the two countries, and Canadian authorities expressed increasing worry about the economic effects.
U.S., Japan reach deal to make most steel imports tax-free
U.S. Trade Representative Katherine Tai said the agreement with Japan, along with a separate deal last year on steel with the European Union, will put them in a better place to compete against China, the world’s second largest economy.
U.S. trade deficit narrows in October as exports rebound
The October deficit was the smallest monthly deficit since a $66.2 billion imbalance in April.
China slams U.S. curbs on solar materials as economic attack
The U.S. move is a potential hurdle for President Joe Biden’s ambition to promote solar power. Hoshine is one of the biggest global suppliers of polysilicon, a material used to make solar panels.
Amazon blocked 10 billion listings in counterfeit crackdown
The e-commerce giant said Monday that it blocked more than 10 billion suspected phony listings last year before any of their offerings could be sold.
U.S. forges ahead on $1 billion tariff plan over digital taxes
Goods entering the U.S.—ranging from Austrian grand pianos and British merry-go-rounds to Turkish Kilim rugs and Italian anchovies—could face tariffs of as much as 25% annually.
Matthew Levy: Biden likely to chart new course on trade policy
Biden has said his trade agenda will focus on helping middle-class families who have been disproportionately hurt by globalization.
Biden treads carefully around Trump’s combative trade policy
In his first weeks in office, President Joe Biden has wasted no time in dumping a batch of major Trump administration policies, but his administration seems intent on approaching trade with caution and deliberation.
Keystone XL pipeline halted as Biden revokes permit
Keystone XL President Richard Prior said over 1,000 jobs, the majority unionized, will be eliminated. The premier of the oil-rich Canadian province of Alberta called the decision an “insult” and said the Canadian government should impose trade sanctions.
China economy grew in 2020 on earlier rebound from virus
China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections.
Indiana scraps plans to buy land for Ohio River port site
Indiana Gov. Eric Holcomb said it would take years to clean up the 725-acre site, making it not financially viable.
U.S. tariffs on China ruled to be illegal by World Trade Organization
In its decision, the WTO ruled against the administration’s argument that China has engaged in practices harmful to U.S. interests, on issues including intellectual property theft, technology transfer and innovation.
U.S. trade deficit surges to highest level in 12 years
The increase was driven by a record 10.9% increase in imports. Exports were also up, but by a smaller 8.1%.
Direct foreign investment in Indiana now a key economic driver
After decades of skepticism, pretty much every Indiana political entity, from small towns to the Governor’s Office, strives to persuade overseas businesses to launch operations in the state,
Trade, technology, security at risk in rising U.S.-China feud
If talks on ending the dispute fail, the world could face downward pressure on trade at a time when the global economy is already reeling from the pandemic.
China deal ‘fully intact,’ Trump says after adviser roils markets
U.S. futures swung wildly as the remarks caused concern that the deal signed in January, which paused the trade war between world’s two largest economies, was in jeopardy.
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.