Clothes, shoes and automobiles account for about half of all tariffs today.
David Abney, UPS CEO, talks about his company's relationship with Amazon and why they will continue work together. Also Abney talks about wanting a "competitive" corporate tax policy that will allow the company to bring earnings back to the U.S., and provides an update on its drone technology.
David Abney, UPS CEO, explain why he is optimistic about growth in the U.S. and weighs in on the need for infrastructure improvement and why trade is an important part of growth conversation.
Tom Linebarger, Cummins chairman & CEO, shares his views on free trade as compared to Mr. Trump. We hope to get feedback from Mr. Pence on how they are thinking about it, says Linebarger. And Business Roundtable President John Engler weighs in.
The Commerce Department said on Tuesday the trade gap rose 17.8 percent, the largest increase since March 2015, to $42.6 billion. "This widening of the trade deficit at the start of the fourth quarter puts trade on track to subtract a little more than one percentage point from fourth-quarter GDP growth," said John Ryding, chief economist at RDQ Economics in New York.
LONDON, Dec 6- Britain appears to have relied slightly less on the "kindness of strangers" before the Brexit vote, after its statistics agency uncovered major errors in trade data that meant the current account deficit was narrower than first calculated. Bank of England Governor Mark Carney used the phrase in the run-up to June's referendum on European Union...
Trump's administration has become too keen on tackling the trade deficit, which has some benefits, economist Gregory Mankiw tells CNBC.
LONDON, Dec 6- Britain's statistics agency made big cuts to its estimates for the country's trade and current account deficits on Tuesday after it found a "processing error" in its trade statistics. The Office for National Statistics said the error in the' erratics' category of British trade- which includes gold, gems, aircraft and ships- affected trade and current...
WASHINGTON, Dec 6- The U.S. trade deficit recorded its biggest increase in more than 1-1/ 2 years in October as exports of soybeans and other goods dropped, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday the trade gap widened 17.8 percent to $42.6 billion. We were already penciling in net exports to...
Canada posted a smaller-than-expected trade deficit of C $1.13 billion in October, down from a record C $4.38 billion shortfall in September, when a one-time shipment of oil machinery boosted imports, Statistics Canada data showed. "What the Bank of Canada will pay more attention to is the seven-tenths decline in export volumes on the month," said Scotiabank...
OTTAWA, Dec 6- Canada's trade deficit in October shrank to C $1.13 billion from a record C $4.38 billion in September as one-off factors helped slash the value of imports, Statistics Canada data indicated on Tuesday. Imports of industrial machinery sank by 42.0 percent from September, when a South Korean module destined for an offshore oil rig arrived in Canada.
WASHINGTON, Dec 6- The U.S. trade deficit recorded its biggest increase in more than 1-1/ 2 years in October as exports of soybeans and other goods dropped, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday the trade gap widened 17.8 percent to $42.6 billion. The jump in exports in the last quarter largely...
WASHINGTON, Dec 6- The U.S. trade deficit increased in October as exports fell amid declining shipments of soybeans and other goods, suggesting that trade would be a drag on growth in the fourth quarter. The Commerce Department said on Tuesday that the trade gap widened 17.8 percent to $42.6 billion. The jump in exports in the last quarter largely reflected a surge...
We level the playing field, says Fred P. Hochberg, U.S. Export-Import Bank chairman and president, discussing the bank's role in the jobs market.
Chuck Todd, "Meet the Press" moderator talks about President-elect Trump building out his cabinet.
Stephen Roach, Yale University senior fellow, shares his thoughts on Donald Trump's 'tweet storm' about China. The currency manipulation charge is a bogus charge, adds Roach.
There's a difference between moving to Mexico and staying in Mexico, says Alex Molinaroli, Johnson Controls CEO, weighing in on President-elect Trump's conversation with United Technologies CEO about keeping Carrier jobs in the U.S.
The U.S. and China both could be seriously hurt if Trump's rhetoric turns into economic retribution by either side.
The pound briefly hit its strongest since early October against the dollar in early London trade, extending one of the currency market's best runs over the past month. Nick D'Onofrio, chief executive with London- based hedge fund North Asset Management, said that Britain's huge current account deficit argued for substantial falls in the pound.
Michael Feroli, JPMorgan chief economist, and Larry Bossidy provide insight to a border adjustment tax.