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| May 25, 2018

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Trump Is Targeting 10% Cut in EU Steel, Aluminum Exports to U.S.

May 24, 2018 |

President Donald Trump is weighing trade measures to cut European Union steel and aluminum exports to the U.S. by about 10%, in a sign that the bloc’s concessions to secure tariff exemptions aren’t meeting White House demands, EU officials familiar with the talks said.
WSJ.com: What’s News Europe

U.S. stocks slip after weak economic data from Europe

May 23, 2018 |

U.S. stocks fell Wednesday morning after a weak finish the day before, with energy and industrial companies taking some of the worst losses. Investors are concerned about the European economy after a measure of business activity fell to an 18-month low in May. Target slid after big investments…


L.A. Times – Business

Mnuchin: U.S., China Have Suspended Tariffs

May 22, 2018 |

The U.S. suspended its threat to put tariffs on $ 150 billion in imports of Chinese goods while negotiations with China continue, but President Donald Trump could still impose the tariffs if a deal between the two countries doesn’t progress, Treasury Secretary Steven Mnuchin said.
WSJ.com: What’s News Asia

U.S., China Agree on Outline to Settle ZTE Controversy

May 22, 2018 |

The U.S. and China have agreed on the broad outline of a deal to settle the controversy over Chinese telecom giant ZTE, as the two sides work toward an agreement to ease trade tensions.
WSJ.com: What’s News Asia

Stocks jump as U.S. and China announce progress in trade talks

May 21, 2018 |

Stocks jumped Monday morning after the United States and China appeared to make major progress in trade talks. The Chinese government said it will buy more goods and services, and U.S. Treasury Secretary Steven Mnuchin said the U.S. postponed tariffs on up to $ 150 billion in goods from China after…


L.A. Times – Business

U.S. putting new tariffs on hold while negotiating with China, Mnuchin says

May 20, 2018 |

The Trump administration won’t impose tariffs on Chinese products for now, after the two nations made progress on trade issues during two days of talks, Treasury Secretary Steven T. Mnuchin said.

“We’re putting the trade war on hold. So right now, we have agreed to put the tariffs on hold while…


L.A. Times – Business

China Rejects U.S. Target for Narrowing Countries’ Trade Gap

May 20, 2018 |

A last-ditch effort by the Trump administration failed to get China to accept its demand for a $ 200 billion cut in the U.S. bilateral trade deficit, as Chinese officials resisted committing to any specific targets.
WSJ.com: What’s News Asia

China Rejects U.S. Target for Narrowing Countries’ Trade Gap

May 20, 2018 |

A last-ditch effort by the Trump administration failed to get China to accept its demand for a $ 200 billion cut in the U.S. bilateral trade deficit, as Chinese officials resisted committing to any specific targets.
WSJ.com: US Business

U.S. customs to hire dozens of officers as foreign travel surges at LAX

May 20, 2018 |

With international travel to Los Angeles continuing to grow, U.S. Customs and Border Protection is for the first time in 10 years accepting applications for dozens of new officers to work at Los Angeles International Airport.

The numer of customs officers working at LAX has diminished through normal…


L.A. Times – Business

U.S. Bows to Seoul’s Request to Scrap Military Exercise

May 19, 2018 |

A training exercise involving U.S. B-52 bombers and South Korean planes was scrapped this week after Seoul expressed concerns that it could generate tensions before President Donald Trump’s summit with North Korean leader Kim Jong Un.
WSJ.com: What’s News Asia