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Economic Measures Trade

  • WASHINGTON, May 18- The Trump administration on Thursday formally launched its effort to renegotiate the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers. Trade Representative Robert Lighthizer said he triggered a 90- day consultation period with Congress, U.S. industries and the...

  • A worker assembles parts to make engines at Nissan Motor's plant in Yokohama, Japan.

    Japan's output is the world's third-largest, but consistent growth has been elusive, N.Y. Times reports.

  • President Donald Trump, Commerce Secretary Wilbur Ross.

    The United States can start renegotiating the agreement 90 days from the notification to Congress.

  • Josh Bolten, former White House Chief of Staff for George W. Bush.

    Bolten encounters a Republican president with a style and agenda that are radically different from the GOP norm.

  • A U.S. Customs and Border Protection agent asks for documents from a truck driver coming from Mexico into the United States at the Otay Mesa port of entry in San Diego, California.

    CNBC's Kayla Tausche reports that according to sources close to the matter, a letter to begin the renegotiation of NAFTA will be delivered to Congress.

  • *Soybeans down 2 pct, weaker real seen fuelling Brazil exports. PARIS/ SINGAPORE, May 18- Chicago soybeans fell sharply on Thursday, accelerating a pullback from a one-week high a day earlier, as an easing in the Brazilian real shifted attention back towards export competition from a huge South American harvest. The Chicago Board Of Trade most-active soybean...

  • Sec. Ross: We have to get on with it, Russia probe just a side show

    U.S. Commerce Secretary Wilbur Ross discusses the department's hearing today on trade policy and how to reduce the country's trade deficit.

  • A liquefied natural gas (LNG) tanker arrives at a gas storage station.

    U.S. Commerce Secretary Wilbur Ross discusses the department's hearing today on trade policy and how to reduce the country's trade deficit.

  • Sec. Ross: We're not in a reciprocal mode on trade

    U.S. Commerce Secretary Wilbur Ross discusses the department's hearing today on trade policy and how to reduce the country's trade deficit.

  • Sec. Ross on trade, Russia probe, NAFTA

    U.S. Commerce Secretary Wilbur Ross discusses the department's hearing today on trade policy and how to reduce the country's trade deficit.

  • DOTCOM Temp

    Josh Bolten, President and CEO of the Business Roundtable and Former Pres. George W. Bush's Chief of staff tells CNBC's John Harwood the Trump White House needs to give up ideas like bilateral trade deficits are a problem and Washington needs to repatriate global supply chains, and recognize that open trade benefits the US.

  • LONDON, May 17- Saudi Arabia has again become the favourite destination for western political leaders seeking to promote arms sales and encourage other exports to boost their economies at home. UK Prime Minister Theresa May visited last month to promote trade as the country seeks to diversify its export markets after Brexit. Britain and the United States are...

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • OTTAWA, May 17- Canadian Foreign Minister Chrystia Freeland said on Wednesday she would travel to Mexico next week to discuss renegotiating the North American Free Trade Agreement, which U.S. Canada and Mexico both send the majority of their exports to the United States and could be badly hurt if Trump goes ahead with a threat to rip up the pact unless it is...

  • The case has increased trade tensions between the United States and Canada- along with disputes over Canadian softwood lumber and U.S. milk protein products- as both countries prepare for a possible renegotiation of the North American Free Trade Agreement under the "America First" trade policy of U.S. The Commerce Department is expected to proceed with the...

  • MEXICO CITY, May 17- Companies no longer fear the North American Trade Agreement will collapse and top U.S. multinationals in Mexico are committed to investing in the country going forward, the head of a global business lobby said on Wednesday. The CEEG represents a host of multinationals in Mexico including AT&T Inc, Coca-Cola Co, General Motors Co, Microsoft...

  • TOKYO, May 18- Japan's economy expanded at an annualised rate of 2.2 percent in January-March, posting a fifth straight quarter of expansion led by solid exports and private consumption, government data showed on Thursday. The preliminary reading for first-quarter gross domestic product compared with a median estimate for a 1.7 percent increase in a Reuters...

  • TOKYO, May 18- Japan's economy expanded at an annualized rate of 2.2 percent in January-March, posting a fifth straight quarter of expansion led by solid exports and private consumption, government data showed on Thursday. The preliminary reading for first-quarter gross domestic product compared with a median estimate for a 1.7 percent increase in a Reuters...

  • HOUSTON/ NEW YORK, May 17- Oil tankers carrying roughly 2.5 million barrels of U.S. crude are currently en route to Asia, trade sources said on Wednesday, as U.S. producers take advantage of favorable prices to ship to Asia while OPEC ponders further supply cuts next week. But relatively cheap U.S. crude has buoyed exports to Asia. Traders expect that May U.S. crude...

  • NEW YORK, May 17- Trade risks that sprang up this year in India and Pakistan, key markets for the lentils that Canada's AGT Food and Ingredients Inc sells, look likely to be resolved soon, Chief Executive Murad Al-Katib said on Wednesday, but added the company is maintaining a cautious approach to sales there for now. Uncertainty about whether India would continue...