Author: Paul Wiseman
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Recession risks are fading, business economists say, but political tensions pose threat to economy
Just a quarter of business economists and analysts expect the United States to fall into recession this year
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Recession risks are fading, business economists say, but political tensions pose threat to economy
Just a quarter of business economists and analysts expect the United States to fall into recession this year
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Mexico overtakes China as the leading source of goods imported by US
For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States
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January US job openings dip, but still high at 10.8 million
WASHINGTON • U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve. Job openings fell from 11.2 million in December but remained high by historical standards, the Labor Department reported Wednesday. Employers also hired more workers in January.…
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U.S. relief checks begin arriving as economic damage piles up
Government relief checks began arriving in Americans’ bank accounts as the economic damage to the U.S. from the coronavirus piled up Wednesday and sluggish sales at reopened stores in Europe and China made it clear that business won’t necessarily bounce right back when the crisis eases. With many factories shut down, American industrial output shriveled…
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US trade deficit widened in August to $54.9 billion
WASHINGTON (AP) — The U.S. trade deficit widened in August for the first time in three months as exports increased but imports increased more. The politically sensitive gap with China in the trade of goods narrowed. The Commerce Department said Friday that the gap between what the United buys and what it sells abroad rose…
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TVs to shoes: This time consumers face pain of tariffs
WASHINGTON • President Donald Trump’s trade war with China, until now mainly an abstraction for American consumers, is about to hit home. Beginning Sunday, the U.S. government will begin collecting 15% tariffs on $112 billion in Chinese imports — items ranging from smartwatches and TVs to shoes, diapers, sporting goods and meat and dairy products.…
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Trump threatens Guatemala after its court blocks asylum deal
WASHINGTON • President Donald Trump on Tuesday threatened retribution against Guatemala over immigration after the country’s high court blocked its government from signing an asylum deal with the United States. Trump tweeted that Guatemala has decided against signing a “safe-third agreement” requiring Central American migrants seeking asylum in the U.S. to instead apply for those…
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Businesses showing discontent with Trump’s trade policies
WASHINGTON • President Donald Trump’s aggressive and unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party. Corporate America was blindsided last week when Trump threatened to impose crippling taxes on Mexican imports in a push to stop the flow of Central American migrants into…
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Trump pledges $16B to farmers to soften trade blow, and markets buckle
President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S. and China are far from settling a bitter, yearlong trade dispute. Financial markets slumped Thursday on heightened tensions between the U.S. and China. The Dow Jones…