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Trade war News

Trump considering cutting back on investments in China

Citigroup Inc. has termed it the most extreme potential American move against China in the escalating rivalry between the world’s largest two economies: restricting access to U.S. finance. And that is exactly what Trump is considering as a next move.

World's biggest chemical company slashes earnings forecast

The world's largest chemical producer, BASF SE, fired a warning shot across industries, saying slowing markets from cars to crops and the impact of the U.S.-China trade war threaten to cut profits by 30 percent this year.

Trade war, severe flooding creates worst farm crisis since 1980s

American farmers already dealing with a parade of misfortunes that includes years of low prices and a trade war with China are now grappling with record Midwest rain that will likely prevent a large portion of this year’s crop from even getting planted.

Op-Ed: Trade War — China could ban export of rare earth minerals

As the trade war between the U.S. and China escalate, the stakes get higher. Beijing could slam every corner of the American economy, from oil refineries to wind turbines to jet engines, by banning exports of crucial minerals.

Foxconn's $20bn projects in US and China hit by growth fears

Guangzhou - Foxconn Technology Group will delay most of its planned production in a $9 billion (7 billion pounds) display panel project in the southern Chinese city of Guangzhou for a minimum of six months, Nikkei reported on Thursday.

Walmart warns Trump's trade war will hit regular Americans hard

About two weeks ago, Walmart Inc sent a letter to U.S. Trade Representative Robert Lighthizer. The company warned that American consumers will end up being the ones hurt by the $200 billion in new tariffs on Chinese goods.

Escalating trade war with China puts U.S. LNG exports at risk

China on Tuesday vowed to retaliate against the United States after President Donald Trump targeted another $200 billion in Chinese imports with tariffs starting next week, a move that puts the LNG industry at risk.

Ford Focus may not be the last casualty of Trump trade war

Ford has announced that it’s abandoning plans to sell the Focus Active — which the company makes in China — in the United States because of tariffs imposed by the Trump administration.

As Trump promotes his tariffs, companies are laying off workers

The ongoing trade war President Donald Trump has waged against world powers, including some of our closest allies, doesn't show signs of slowing down, forcing many U.S. companies to make some hard decisions about where to cut costs.

Automaker shares fall sharply after being hit by Trump tariffs

Ford, General Motors, and Fiat Chrysler cut profit forecasts and their shares fell sharply on Wednesday, in a clear sign the global trade war is hurting the world’s largest car makers.

Canadian tariffs set to kick in on Sunday as trade war heats up

Ottawa - On Sunday, Canada's $16.6-billion worth of retaliatory tariffs on dozens of U.S. products is set to kick in - the country's answer to the tariffs imposed by the Trump administration. But this simmering trade war will affect all of us.

Op-Ed: Trump brings his 'broken record' rants against G7 to Canada

U..S. President Donald Trump's imposition of tariffs on steel and aluminum against some of his country's closest allies have set the stage for a potentially combative G7 leaders summit this weekend.

Op-Ed: 'A bad day for world trade' as key allies ready for trade war

The Trump administration's announcement that tariffs on steel and aluminum would go into effect at midnight tonight has already angered key allies who have spent the last few days in talks with U.S. officials — but to no avail.

American auto parts makers fear Trump tariffs will destroy jobs

The motor vehicle supplier industry, which is the largest sector of manufacturing jobs in the U.S. is speaking out against President Trump's proposed tariffs on imported steel and aluminum products, saying 880,000 jobs could be at stake.

European allies warn trade retaliations if U.S. tariffs imposed

President Donald Trump has told confidants that he wants to impose the harshest tariffs on steel and aluminum imports recommended by the Commerce Department, but if he does this, the U.S. will face retaliation from its European allies.

Alberta — B.C. dispute heats up over Trans Mountain pipeline

The dispute over the Kinder Morgan Trans Mountain Pipeline between Alberta and B.C. continues to heat up. On Wednesday, Alberta Premier Rachel Notley put her 19-member task force to work, tasked with taking the fight to B.C. over the pipeline.

Op-Ed: Canada — U.S. trade war ratchets up as Trump tweets 'Watch'

It's bad enough that Trump has instigated a trade war, so you can imagine everyone's surprise when as part of his early morning "tweet rants" routine, the president took on the Canadian dairy sector again, tweeting "We will not stand for this. Watch!"

Canada, Mexico win: 'Country-of-origin' labels struck down by WTO

A fourth and final appeal before the World Trade Organization has resulted in a win for Canada and Mexico. The WTO struck down the "country-of-origin" (COOL) meat labeling rules required by the U.S.

Op-Ed: Talking about dumb, US trade war threat annoys China

The relationship between the world’s two biggest economies about China’s Yuan has developed an aggressive tone. A Chinese think tank predicts that the US would come out worse in a trade war. US experts are saying “bring it on”. They’re both wron

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Soybean exports to China to be hit with tariffs.
Soybean exports to China to be hit with tariffs.
H. Zell

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