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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.
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.
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
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.
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
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.
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.
The U.S. Trade Representative published a list of Chinese goods that would be hit with new duties, from artists’ brushes to watches.
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.
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