WASHINGTON, Dec 12- U.S. import prices fell for a second straight month in November as the cost of petroleum and food dropped, suggesting imported inflation pressures remained subdued. Import prices fell 0.6 percent last month after a revised 0.6 percent drop in October, the Labor Department said on Thursday.» Read More
A Chinese company targeted by Washington with duties on "unfair" state subsidies said on Monday it would fight the move, which state media and officials said would exacerbate frictions caused by a huge U.S. trade deficit.
With just minutes to spare on Monday, the United States and South Korea agreed the biggest U.S. trade pact for 15 years, officials said.
The action reverses 23 years of U.S. trade policy by treating China, which is classified as a nonmarket economy, in the same way that other U.S. trading partners are treated in disputes involving government subsidies.
On Friday, the U.S. Commerce Department announced it would impose import duties on shipments of Chinese coated paper. The move reverses a 23-year policy of not enacting tariffs on goods from nations deemed to have non-market economies. Perhaps more significantly, the decision signifies China's evolution into a developed global powerhouse -- one which is now expected to "follow the same rules" as the U.S., according to Commerce Secretary Carlos Gutierrez.
Remember the song “One Thing Leads To Another” by The Fixx? An '80s staple on MTV, it could well have been the theme for the day on the Breaking News Desk. One thing led to another, which led to another, which led to another... Domino No. 1: The Commerce Department announces that it would impose sanctions on Chinese paper imports -- the first time in 23 years that duties have been applied to Chinese imports...
Secretary of Commerce Carlos Gutierrez announced Friday that the U.S. would reverse policy and impose duties on Chinese imports, beginning with coated papers. On a week when the U.S. dollar dropped against all major currencies, what does the tariff herald for the second quarter? Two currency experts gave their views to CNBC's Bill Griffeth.
Danish shipping giant A.P. Moller-Maersk's full-year profit fell 22% after freight shipping rates fell and as the government raised its tax rate on oil and gas activities, the company said Wednesday.
Corporate America came to Washington today to meet with President Bush and Congressional leaders. The Business Roundtable is an association of leading American CEOs, heading companies with $4.5 trillion in annual revenues and more than 10 million employees.Before sitting down with the President to talk about U.S. competitiveness, trade expansion and education, three of the Roundtable's most influential leaders sat down with our Sue Herera for a "CNBC Exclusive" interview.
Germany's trade surplus grew more than expected in January after a surprisingly big drop in imports, Federal Statistics Office data showed on Friday.
European Union president Germany vowed on Thursday to push ahead with efforts to get a deal on world trade this year, stressing the need for an agreement was urgent.
Bush, in his annual economic report to Congress, made a fresh pitch for breaking down trade barriers and energizing global trade talks.
Britain's overall trade deficit hit a record high in 2006, according to official data released Friday, partly due to the fact that the nation has become a net importer of oil.
The Bush administration on Friday filed a complaint with the World Trade Organization, accusing China of improperly subsidizing its own firms. "Power Lunch" heard from two experts on international trade, who debated whether the filing was smart, hard-edged economic brinkmanship -- or a savvy political move to mollify Congressional Democrats and others who demand White House action on vanishing U.S. manufacturing jobs.
As we reported earlier, President George W. Bush is in New York today, speaking to Wall Street about a number of the domestic initiatives he emphasized during his State of the Union speech. The president’s remarks showed an awareness of the political reality of a Democratic Congress, but he pushed his own agenda nonetheless. Liz Claman hosted a roundtable reaction on “Morning Call.”
President George W. Bush is speaking on Wall Street today to further promote the economic initiatives he laid out during his State of the Union speech last week. Yesterday, the president visited the Caterpillar headquarters in Peoria, Ill., where he emphasized the importance of free trade rather than the protectionist rhetoric coming from some Democrats.
The European Union said Monday it expects to complete a free trade agreement with Gulf nations "in the near future" after making progress at talks last week.
The Chery-DaimlerChrysler alliance and Changfeng's "Cheetah" brand are only two of the big China stories at the 2007 North American International Auto Show.
China's central bank Friday said it planned to loosen rules governing foreign exchange transactions by individuals, as part of its efdforts to help offset huge inflows which have caused its foreign exchange reserves to swell.
As we reported this morning, John Edwards – the Democratic vice presidential candidate in 2004 – announced his bid for the presidency in 2008 today while in New Orleans. CNBC’s John Harwood and Newsweek White House correspondent Richard Wolffe were on “Power Lunch,” discussing what an Edwards win would mean for Wall Street.
John Edwards officially announced his candidacy today for the presidential nomination of the Democratic party in 2008. He was in New Orleans this morning when he spoke with CNBC’s John Harwood and Michelle Caruso-Cabrera on “Morning Call.” Edwards talked about some of the key platforms for his campaign.