Imports from other countries fell around 4 percent from the previous month as President Trump’s steep tariffs discouraged businesses from ordering goods.
Tag: Commerce Department
Investment Fund Seals Trade Deal for Japan and Expands Trump’s Influence
President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.
Chinese Officers Questioned U.S. Government Employee About His Army Service
The man, a U.S. citizen, is barred from leaving China by the Ministry of State Security, the country’s main intelligence and counterintelligence agency.
What Is a Trade Deal? Trump Takes an Expansive View.
The president is deploying the word “deal” liberally, using the term to describe all kinds of trade arrangements, some very limited or one-sided.
Xi to Trump: Rein in the Hawks Trying to Derail the Tariff Truce
China sought to depict a call between Xi Jinping and President Trump as an appeal from one strongman leader to another to run a tight ship and stay on course.
U.S. Pauses Exports of Airplane and Semiconductor Technology to China
President Trump has stopped some critical products and technologies made only in the United States from flowing to China, flexing the government’s power over global supply chains.
Europe Secured a Tariff Delay From Trump, but Can It Now Make a Deal?
Officials from the European Union and the United States will start a new negotiating push, after President Trump delayed until July 9 tariffs of 50 percent.
U.S. Starts Investigation Into Imported Planes and Parts
The Trump administration could use the investigation to impose new tariffs on imported planes, jet engines and other aerospace parts.
U.S. and China Dig In on Trade War, With No Plans for Formal Talks
The standoff over terms of negotiations, and whether they are happening, signals that a protracted economic fight lies ahead.
Haiti Doesn’t Make Guns. So How Are Gangs Awash in Them?
Federal authorities in several countries have recently nabbed several caches of weapons headed to Haiti, but armed violence continues to rise there, with gangs increasingly obtaining high-caliber firearms and ammunition.