BEIJING—China reported its largest-ever annual trade surplus with the U.S. last year while its overall imbalance with the world shrank, potentially strengthening the Trump administration’s case for tougher penalties and other trade actions against Beijing. [Lingling Wei | January 12, 2018 | Wall Street Journal] A global recovery led by the U.S. provided a shot in the…
DETROIT — Fiat Chrysler Automobiles said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move that lowers the risk to the automaker’s profit should President Donald Trump pull the United States out of the North American Free Trade Agreement. [January 11, 2018 | New York…
Robust trade restrictions sought by U.S. aluminum producers in the Section 232 investigation into the national security implications of aluminum imports will not harm the economy or downstream users, aluminum executives argued on Wednesday. [January 11, 2018 | Inside US Trade] The Commerce Department is expected to submit its report on whether aluminum imports threaten to impair…
The Commerce Department has submitted its Section 232 report on the national security implications of steel imports to the president, but steel industry sources and other observers are still wondering whether the administration will take action immediately or wait up to three months, as the law allows. [Isabelle Hoagland and Jenny Leonard | January 12, 2018…
Treasury Secretary Steven Mnuchin explicitly warned Thursday that the U.S. would pull out of the North American Free Trade Agreement if the administration doesn’t get what it wants in current renegotiations. [Sean Higgins | January 12, 2018 | Washington Examiner] “We expect that will be renegotiated, or we’ll pull out,” he told reporters during a Thursday White House briefing. It was…
