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The Ohio Valley’s economy could see slower growth in 2020 amid continued anxiety about trade, and possible downturns in both energy and manufacturing, according to analyses and forecasts by regional economists. Michael Hicks directs the Center for Business and Economic Research at Ball State University in Indiana where he forecasts the health of the manufacturing… Read More
Farmers got more than $22 billion in government payments in 2019 — and most of the money came through a program that Congress never approved. It’s the highest level of farm subsidies in 14 years.
China is considered the motherland of aquarium goldfish, bred over centuries into rare forms. Now tariffs have some U.S. sellers of these goldfish in a tailspin.
As part of the deal, the next round of 30% tariffs will not be imposed. More agriculture trade between the two countries is expected.
China’s economic growth has been slowing down for years. Tariffs have contributed to slower growth since early 2018, when the economic standoff began, but it’s hard to pinpoint how much.
China says it will slap tariffs on autos and thousands of other U.S. goods. It’s an escalation of a trade war that has rippled through the world economy and raised U.S. recession fears.
The Trump administration is postponing some tariffs on Chinese imports set to take effect on Sept.1. Tariffs on laptops, cellphones, some clothing and other items are now set to begin Dec. 15.
Stocks resumed their slide, amid escalating fears that the U.S.-China trade war will further damage a worldwide economy that’s already slowing. Central banks in Asia and New Zealand cut rates.
The Trump administration has released details of a $16 billion plan to compensate farmers who’ve lost money as a result of the trade dispute with China. Some economists say it’s too generous.
Under pressure from Florida lawmakers, the Trump administration is taking steps to protect domestic tomato growers from Mexican competition.