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Stories tagged: trade

U.S. sees small surplus in June, but deficit up for year

The federal government recorded a small budget surplus in June, but the deficit so far this budget year is still running 26.7 percent higher than a year ago.

Bank of England mulls rate cut to cushion Brexit blow

Britain’s vote to leave the European Union is already taking its toll on the British economy, raising speculation that the Bank of England will on Thursday decide to reduce its …

Theresa May becomes Britain’s new leader as Cameron exits

In a carefully orchestrated political ballet, David Cameron left his job and his home at 10 Downing Street on Wednesday, resigning as prime minister soon afterward at Buckingham Palace. Theresa …

China, EU agree to steel working group amid dumping concerns

EU leaders said Wednesday that they have agreed with China to form a working group to discuss Beijing’s overproduction of steel, an issue they say is linked to whether they …

Were Trump’s ‘Made in USA’ hats really all made in USA?

Donald Trump says he won’t stand for it if it turns out some of his hats labeled “Made in USA” actually weren’t made entirely in the USA.

Warnings of British economic downturn piling up

The warnings are piling up – Britain’s decision to leave the European Union appears to be already hitting the economy.

IMF: Brexit fallout will shave eurozone growth in 2016, 2017

Britain’s decision to leave the European Union will trim economic growth this year and next across the 19 countries that share the euro currency.

Chinese imports push up U.S. trade deficit in May

The U.S. trade deficit climbed in May as a surge in imports of Chinese-made cellphones and computers pushed the politically sensitive imbalance with China to the highest level in six …

U.S. services firms grew in June at fastest pace in 7 months

U.S. services firms expanded last month at the fastest pace since November, good news for the U.S. economy.

UK left with power vacuum as UKIP leader latest to step down

The head of the U.K. Independence Party, Nigel Farage, resigned Monday as party leader, the latest British political chief to tumble amid the political turmoil following the country’s vote to …

TransCanada seeks $15B for rejection of Keystone pipeline

The company that wanted to build the Keystone XL pipeline is seeking $15 billion in damages from the federal government after the Obama administration rejected the Canada-to-Texas project.

Stocks, pound fall again due to U.K. vote uncertainty

Investor jitters over the economic fallout of Britain’s vote to leave the European Union sent U.S. stocks sharply lower Monday.

Lew says no sense of financial crisis developing

U.S. Treasury Secretary Jacob Lew says that the decision of British voters to leave the European Union is “an additional headwind” for the U.S. and global economies but “there is …

U.K. appeals for calm as markets drop, EU leaders huddle

British and European leaders appealed for calm on Monday as concern over the U.K.’s exit from the European Union and its deepening political crisis triggered further gyrations in financial markets …

Trade, uncertainty biggest worries for Washington companies in wake of Brexit vote

Long-term, the British decision to exit the European Union is most likely to hit Spokane companies that are in the export business, local economists say. But uncertainty in the wake …

What’s behind Britain’s wrangling with the EU?

British voters head to the polls on Thursday to decide if the country should stay in the European Union or leave it. With the stakes high and the issues complex, …

Wal-Mart partners with China’s No. 2 e-commerce site

Wal-Mart is partnering with China’s No. 2 e-commerce site as the world’s largest retailer seeks dominance in the extraordinarily lucrative, but increasingly competitive online marketplace.

Trudy Rubin: ‘Brexit’ would be huge step back

If Europe falters, the negative ripple effect would reach across the Atlantic. As Garton Ash rightly notes, the great global challenges we face – from a rising China to an …

After an early wobble, U.S. stocks close higher

U.S. stocks rebounded from an early slide Thursday, nudging the Standard & Poor’s 500 index and Nasdaq composite to their highest close of the year.

As in U.S., Trump draws strong reactions in China

China features prominently in the rhetoric of presumed Republican presidential candidate Donald Trump, who accuses the country of stealing American jobs and cheating at global trade. In China itself, though, …

Barge traffic makes a resurgence on the Missouri River

The Missouri River is slowly resuming its role as a transportation corridor for commodities such as grain, scrap metal and fertilizer, but proponents of the barge industry acknowledge they’re still …

Obama leaves for Asia to boost trade, cooperation

President Barack Obama is leaving on a weeklong, 16,000-mile trip to Asia as part of his effort to pay more attention to the region and boost economic and security cooperation.

Mexico lowers 2016 GDP forecast, sees 2.2 to 3.2 pct growth

Mexico is lowering its economic growth forecast for 2016, citing what it calls “adverse” international conditions including sluggish industrial production in the United States.

G-7 finance leaders seek to reassure on global economy

Finance leaders of major industrial countries meeting in Japan need to find ways to use all the “policy levers” they have to help counter anxiety over global economic prospects, U.S. …

UAW leader suggests union will back Hillary Clinton for president

United Auto Workers President Dennis Williams said his union won’t endorse Donald Trump for U.S. president, all but assuring support for Hillary Clinton as she closes in on the Democratic …

Candidates vow to fight inequality

Clinton and Trump, in their different ways, are promising to restore some balance to a polarized system of wages, and a dramatically lopsided distribution of wealth.

Bank of England keeps interest rates steady amid uncertainty

The Bank of England has voted to keep interest rates steady amid signs that the economy is beginning to falter and uncertainty over next month’s vote on whether Britain should …

Senate blocks measure to forbid purchases of Iran ‘heavy water’

The Senate on Wednesday blocked a Republican effort aimed at undercutting last year’s landmark international nuclear deal with Iran.

Jeb Bush won’t vote for Donald Trump or Hillary Clinton

Jeb Bush the voter plans to sit out the presidential race in November. The ex-presidential candidate wrote on Facebook Friday that he won’t vote for presumptive Republican nominee Donald Trump …

Lindsey Graham won’t vote for Trump or Clinton

Sen. Lindsey Graham won’t be voting for either of the major party presidential nominees. “I think Donald Trump is going places that very few people have gone, and I’m not …