WASHINGTON (Reuters) – The U.S. trade deficit jumped to a 10-year high in October as soybean exports dropped further and imports of consumer goods rose to a record high, suggesting the Trump administration’s tariff-related measures to shrink the trade gap likely have been ineffective.
President Donald Trump on Tuesday warned that his administration will not hesitate to levy further tariffs on Chinese imports should trade talks between the U.S. and China falter.
BUENOS AIRES (Reuters) – The leaders of Mexico, Canada and the United States signed a North American trade pact on Friday after brinkmanship over the final details of the deal continued through the eve of the signing.
Sen. Orrin Hatch of Utah, the longest-serving Senate Republican, said Tuesday the United States must remain at the forefront of global challenges to retain its dominant position in the global order and preserve American ideals.
OTTAWA/WASHINGTON (Reuters) – Robert Lighthizer was the public face of arduous, year-long talks to rework NAFTA, but as he savored a successful conclusion in the White House Rose Garden on Monday, the U.S. trade representative singled out another man as the deal’s architect.
“I’ve said before, and I’ll say again, this agreement would not have happened if it wasn’t for Jared,” Lighthizer told reporters.
Labor unions are holding off on endorsing the Trump administration’s renegotiation of the North American Free Trade Agreement.
WASHINGTON (Reuters) – Donald Trump on Monday praised Canada’s entry into a reworked NAFTA pact with the United States and Mexico after the two countries forged a last-minute agreement to salvage the trilateral trade accord, delivering a key win for the U.S. president.
The Trump administration will provide financial assistance to farmers caught in a trade war initiated by the implementation of tariffs.
President Donald Trump tweeted Tuesday morning that “tariffs are the greatest” as the United States prepares to impose a variety of tariffs on numerous countries.