Date: August 29, 2018 United States: Trump Says U.S. to Pursue Mexico Trade Deal to Replace Nafta President Donald Trump said the U.S. is pursuing a new trade accord with Mexico to replace the North American Free Trade Agreement and called on Canada to join the deal soon or risk being left out. Trump announced
Date: August 28, 2018 United States: Trump Focus on Mexico Trade Dashes Hope for Quick China Progress The Trump administration is putting trade negotiations with China on the back burner while focusing first on resolving issues in the North American hemisphere, reaching a breakthrough agreement between the U.S. and Mexico. The White House believes it’s important
Date: August 27, 2018 United States: Jobless Claims Fall for Third Week in Tight U.S. Labor Market U.S. filings for unemployment benefits fell for a third week and remain near the lowest in almost five decades, indicating a tight job market, Labor Department figures showed Thursday. While applications can be volatile from week to week,
Date: August 24, 2018 United States: U.S.-China Talks Draw a Blank, Bringing Fresh Tariffs Into View The trade war between the U.S. and China is primed to escalate after their governments failed to make progress in two days of talks. The two sides had met with low expectations for this week’s meetings and no further
Date: August 23, 2018 United States: U.S., China Impose New Tariffs on Each Other as Talks Resume The U.S. and China imposed fresh tariffs on each other’s goods in the middle of trade talks aimed at averting the worsening conflict between the world’s two biggest economies. Both nations started levying the previously announced taxes on
Date: August 22, 2018 United States: America’s Booming Economy Comes With a Cost for Global Growth Making America great again isn’t proving so great for other parts of the world. With the rise in the dollar and interest rates already squeezing emerging economies just as President Donald Trump’s trade war threatens China, the U.S. is
Date: August 21, 2018 United States: U.S. Heads for Best Growth Since 2005 on Robust Domestic Demand The U.S. economy looks set to forge ahead as fresh reservoirs of domestic demand carry it past turbulence overseas, keeping the Federal Reserve on course for further interest-rate hikes. Households have more cash to spend than thought, thanks to
Date: August 17, 2018 United States: Trump Seeks SEC Study of 6-Month Reporting Instead of Quarterly President Donald Trump said he’s asked the Securities and Exchange Commission to study ending quarterly reporting for U.S. businesses in order to ease regulations and spur growth. "In speaking with some of the world’s top business leaders I asked
Date: August 16, 2018 United States: Powell to Keep Hiking as U.S. Growth Trumps Turkish Turmoil That’s the message seasoned watchers of the Federal Reserve have for any investors hoping that turmoil in Turkey and the wider emerging-market selloff would stay the hand of Chairman Jerome Powell from raising interest rates. While international developments did
Date: August 15, 2018 United States: Productivity in U.S. Climbs 2.9%, Fastest Pace in Three Years Productivity gains in the U.S. accelerated by more than expected to the fastest pace since 2015 while labor costs fell, amid an economic-growth pickup supported by tax cuts and federal spending, a Labor Department report showed Wednesday. The data
