Jan 13 Chinese exports jump 10.7% in December, beating estimates as higher U.S. tariffs loom By Zen Soo, Elaine Kurtenbach, Associated Press China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Continue reading
Nov 26 Watch 8:05 A look at Trump's tariffs and the economic consequences for consumer prices and businesses By William Brangham, Azhar Merchant President-elect Trump is wasting no time when it comes to making good on his promise to impose tariffs on foreign nations. He announced he would slap major new tariffs on Mexico, Canada and China on his first day in office. Continue watching
Nov 26 Trump's tariffs could speed up China's shift to new markets and offshore factories By Simina Mistreanu, Ken Moritsugu, Associated Press President-elect Donald Trump has threatened to sharply raise tariffs on all Chinese imports and close some loopholes Chinese exporters currently use to sell their products more cheaply in the U.S. Continue reading
Oct 01 Watch 6:07 What's behind the dockworkers strike and what it means for U.S. consumers By William Brangham, Jackson Hudgins Tens of thousands of dockworkers along the East and Gulf coasts are on strike, freezing operations at ports that handle about half of all U.S. imports and exports. Analysts estimate the work stoppage by the International Longshoremen’s Association could trigger… Continue watching
Oct 01 Why dockworkers may have the negotiating advantage in standoff with port operators By Tom Krisher, Wyatte Grantham-Philips, Tassanee Vejpongsa, Associated Press Organized labor enjoys rising public support and has achieved a string of recent victories in other industries, with the backing of the pro-union administration of President Joe Biden. Continue reading
Oct 01 Dockworkers go on strike for first time in decades causing concern for holiday supply chain stoppages By Tom Krisher, Tassanee Vejpongsa, Associated Press Dockworkers at ports from Maine to Texas have started walking picket lines in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks. Continue reading
Feb 07 Mexico overtakes China as the leading source of goods imported to U.S. By Paul Wiseman, Associated Press The shift reflects the growing tensions between Washington and Beijing as well as U.S. efforts to import from countries that are friendlier and closer to home. Continue reading
Mar 29 Poland blocks coal imports in an effort to reduce Russian energy dependency By Vanessa Gera, Associated Press Tuesday’s move is part of a larger strategy to reduce energy dependence on Russia which gained new urgency after the invasion of Ukraine. Continue reading
Mar 17 House votes to suspend normal trade relations with Russia and Belarus By Kevin Freking, Associated Press The House has voted to suspend normal trade relations with Russia and Belarus. Continue reading
Mar 11 U.S. downgrades trade status with Russia, bans some imports By Josh Boak, Chris Megerian, Zeke Miller, Associated Press President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine. Continue reading