Trump’s Steel Tariffs Were Supposed to Save the Industry. They Made Things Worse
Economy
Trump’s Steel Tariffs Were Supposed to Save the Industry. They Made Things Worse

WASHINGTON — When President Trump slapped 25% tariffs on foreign steel in March 2018, panicky U.S. buyers rushed to place new orders ahead of feared supply interruptions, driving prices up sharply. It was an instant bonanza for domestic steel producers.... Read More

IMF Downgrades Outlook for World Economy, Citing Ongoing Trade Wars
Economy
IMF Downgrades Outlook for World Economy, Citing Ongoing Trade Wars
2019-10-15 19:52:40
by Dan McCue

WASHINGTON — The International Monetary Fund on Tuesday downgraded its outlook for the world economy, predicting that growth in the developed world this year, stymied by trade conflicts, will be the weakest since the 2008 financial crisis. During a press... Read More

US Labels China a ‘Currency Manipulator’ As Stocks Fall And Trade War Worsens
Trade
US Labels China a ‘Currency Manipulator’ As Stocks Fall And Trade War Worsens

WASHINGTON — The U.S.-China trade war took a dangerous turn for the worse Monday as Beijing allowed its currency to weaken and said it was halting new American farm purchases, sending U.S. stocks in a tailspin and heightening risks of... Read More

Christine Lagarde Warns ... 'Nobody Wins a Trade War and Everybody Suffers'
IMF
Christine Lagarde Warns ... 'Nobody Wins a Trade War and Everybody Suffers'
2019-06-07 00:19:16
by Dan McCue

WASHINGTON - Despite uncertainties on several fronts, including a nasty trade dispute with China, escalating tariff threats, and The federal government’s penchant for taking on enormous debt and all the risks that come with it, the U.S. economy should remain... Read More

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