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Biden moves to revoke Russia’s trade relations status amid war in Ukraine
By: Alana Wise | NPR
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Updated March 11, 2022 at 11:10 AM ET WASHINGTON, D.C. (NPR) — President Biden on Friday announced that he will work with Congress on legislation to revoke Russia’s permanent normal trade relations status because of its invasion of Ukraine. That would mean Russia would be one of only three countries to not have normal trade… Read More
Major Trade Agreements Have Ohio Farmers Expressing Optimism
By: Andy Chow | Statehouse News Bureau
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The U.S. has reached two major trade agreements with international partners in the past month, with the Trump administration pitching these deals as a way to ease the burden farmers have shouldered during the trade war with China. During the nearly two-year trade dispute, Ohio farmers have battled falling commodity prices and a struggling market…. Read More
Portman Wants to Crack Down on Chinese Subsidies in Next Trade Agreement
By: Andy Chow | Statehouse News Bureau
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U.S. Senator Rob Portman (R-Ohio) says the new trade deal with China will level the playing field with the U.S., but he urges trade negotiators to be firm as they work on Phase Two. Portman says the deal ensures China will buy more U.S. products both in agriculture and manufacturing, and that it deters intellectual… Read More
WATCH: What are the Differences Between NAFTA and the USMCA?
By: PBS Newshour
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The Senate has passed a new trade agreement among the U.S., Mexico and Canada. The USMCA, as it’s now called, is meant to replace the North American Free Trade Agreement, and it does change or replace some important provisions — but critics say it is hardly the overhaul that was once advertised. PBS NewsHour’s Amna… Read More
Ohio Valley Outlook: Expect A Slower Regional Economy In 2020
By: Becca Schimmel | Ohio Valley ReSource
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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 Billions From Taxpayers In 2019, And Hardly Anyone Objected
By: Dan Charles | NPR
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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.
U.S.-China Trade Deal Phase 1 Is Here; December Tariffs Are Scrapped
By: Jim Zarroli | NPR
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China says the deal would cover intellectual property protections and currency manipulation, but no details have been released.
FACT CHECK: Do Robots Or Trade Threaten American Workers More?
By: Danielle Kurtzleben | NPR
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Democratic presidential candidates have divergent world views on whether automation or trade policy is to blame for lost jobs.
Fancy Pet Fish Among The Stranger Casualties Of The Trade War
By: Alina Selyukh | NPR
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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.
Trump Announces Phase One Of Trade Deal With China
By: Uri Berliner | Jim Zarroli | Scott Horsley | NPR
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As part of the deal, the next round of 30% tariffs will not be imposed. More agriculture trade between the two countries is expected.
The Trade War Has Taken A Bite Out Of China’s Economy — But It’s Complicated
By: Jolie Myers | Ailsa Chang | Sam Gringlas | Mallory Yu | NPR
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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.
Farmer Fatigue: Farmers Grow Weary Of Trade War, But Most Stick With Trump
By: Liam Niemeyer | Ohio Valley ReSource
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Tom Folz drives around on a sunny, August afternoon and surveys the thousands of acres of dark green, leafy soybean plants and tall stalks of corn he grows on his sprawling farm in Christian County, Kentucky. At 54, Folz has wispy, white hair matching his white mustache. It’s taken him several long work weeks to… Read More
Trade War Heats Up Again As China Sets Tariffs On $75 Billion In U.S. Goods, Autos
By: Avie Schneider | NPR
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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.
DeWine Slates 6-day Trade Mission to Japan for September
By: Associated Press
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COLUMBUS, Ohio (AP) — Ohio Gov. Mike DeWine plans a trade mission to Japan next month. The Republican governor announced the six-day trip Wednesday. It will revolve around the Midwest U.S.-Japan Association annual conference in Tokyo, which hasn’t been attended by an Ohio governor in over a decade. Japan is Ohio’s top international investor, with… Read More
Ohio To Juárez And Back Again: Why Tariffs On Mexico Alarm The Auto Industry
By: Camila Domonoske | NPR
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The U.S. auto industry opposes President Trump’s threatened tariffs on goods imported from Mexico. It says the taxes would increase the cost of vehicles and play havoc with supply chains.
Mexico Tariffs Likely To Take Effect Next Week, Trump Vows In London
By: Philip Ewing | NPR
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The president said at a press conference with British Prime Minister Theresa May that new economic restrictions would begin to bite, possibly even during negotiations between the two sides.
U.S. Prepares Tariffs On Another $300 Billion Of Imported Chinese Goods
By: Bill Chappell | NPR
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The U.S. Trade Representative published a list of Chinese goods that would be hit with new duties, from artists’ brushes to watches.
It’s Not Just Avocados. Closing Mexico Border Would Hit U.S. Auto Plants Too
By: Scott Horsley | NPR
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President Trump has threatened to close the U.S. border with Mexico in response to a large number of illegal crossings. A closure would likely hit a wide range of industries, from produce to autos.
Distress Grows For Ohio Valley Farmers As Trade Deals Stall
By: Liam Niemeyer | Ohio Valley ReSource
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West Kentucky Farmer Barry Alexander doesn’t have an answer on when the Trump administration will reach a trade deal with China, now a year into tariffs that have hamstrung some Ohio Valley industries. Alexander is optimistic these continued negotiations will be worth it, but his plan in the meantime lies in massive, silver storage bins on Cundiff… Read More
Report: The Trade Deficit Is Only Getting Wider
By: Jim Zarroli | NPR
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President Trump has pushed tariffs to cut the trade gap. But the United States bought more from other countries than it sold to them last year, pushing the deficit to a level not seen since 2008.
Trump Suspends China Tariff Hike, Citing Progress In Trade Talks
By: Scott Horsley | NPR
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President Trump has suspended a planned increase in tariffs on hundreds of billions of dollars in Chinese imports, after what he called “very productive” trade talks in Washington this weekend.
In Ohio Valley Visits, Trump Administration Pushes Policies Supporting Mining And Metals
By: Jeff Young | Becca Schimmel | Brittany Patterson | Ohio Valley ReSource
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In back-to-back events this week President Trump and his commerce secretary visited the Ohio Valley to tout administration policies aimed at propping up two of the region’s traditional but faltering industries — metals and mining. The president used a Tuesday rally filled with West Virginia coal miners to unveil a new plan to ease pollution… Read More
Trump Doubles Tariffs On Steel, Aluminum From Turkey
By: Scott Horsley | NPR
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President Trump called for a doubling in the tariff on imported steel and aluminum from Turkey, escalating a diplomatic spat with a key NATO ally.
China Announces Retaliatory Tariffs On $60 Billion In U.S. Goods
By: Camila Domonoske | NPR
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Earlier this week, the Trump administration threatened to increase tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent. China quickly vowed to take countermeasures.
Trump And EU Agree To Work Toward Zero Tariffs
By: Brian Naylor | NPR
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President Trump and EU.Commission President Jean-Claude Juncker say they will not impose further tariffs on each other as long as trade talks continue.