U.S. trade deficit falls for 1st time in 6 years
The Commerce Department said Wednesday that the gap between what the United States sells and what it buys abroad fell 1.7% last year to $616.8 billion.
WATCH: Senate approves USMCA trade deal
The Senate overwhelmingly approved a new North American trade agreement Thursday that rewrites the rules of trade with Canada and Mexico.
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What Phase 1 of Trump’s China trade deal includes — and what it doesn’t
After two years of escalating threats and tariffs, the U.S. and China have signed a trade deal. In what is known as Phase 1 of a larger agreement, Beijing pledged to increase purchases of U.S. goods, while U.S. tariffs remain…
WATCH: Trump signs ‘Phase 1’ trade truce with China
President Donald Trump and China's chief negotiator are scheduled to sign a modest trade agreement in which the administration will ease some sanctions on China and Beijing will step up its purchases of U.S. farm products and other goods.
One day after impeaching President Donald Trump, the House looks poised to overwhelmingly pass one of his signature priorities: a rewrite of the free trade agreement he blames for shipping U.S. manufacturing jobs to Mexico.
The Trump administration has agreed to suspend a planned tariff increase on $160 billion of Chinese imports due to take effect Sunday and to reduce existing tariffs, though it wasn't clear by how much.
Details still need to be finalized and the U.S. Trade Representative will need to submit the implementing legislation to Congress.
Beijing promised in September to lift the tariffs, adding to conciliatory steps that raised hopes for a settlement.
The details of Trump's trade agreements are key to whether they actually benefit U.S. producers and whether they come to fruition at all.
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