Scott Horsley appears in the following:
U.S. Farmers Get A Much-Needed Break Under Partial Trade Pact With Japan
Wednesday, September 25, 2019
President Trump signed a partial trade agreement with Japan that promises lower tariffs on U.S. farm exports. The deal does not address Trump's threat to impose a tariff on Japanese cars.
A Mysterious Pencil Factory Sharpens Focus On Tariff Scams
Wednesday, September 25, 2019
With more imports from China facing tariffs, some companies are trying to avoid the taxes by falsely labeling Chinese products as made elsewhere. One case traces to a dusty factory in the Philippines.
Saudi Attack Draws New U.S. Sanctions Against Iran
Friday, September 20, 2019
The Trump administration ordered new sanctions on Iran, in response to the attack in Saudi Arabia that temporarily cut off nearly 6% of the world's oil supply. The sanctions' effect may be limited.
UAW's Strike Against GM Brings To Mind Last Century's Labor Battles
Friday, September 20, 2019
There was a time when a strike at General Motors shocked the economy. In an era of global competition and changing tastes, neither GM nor the United Auto Workers are as powerful as they once were.
Federal Reserve Cuts Interest Rates A Quarter-Point
Wednesday, September 18, 2019
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday, in an effort to goose the slowing U.S. economy.
Fed Cuts Interest Rates To Prop Up The Slowing Economy
Wednesday, September 18, 2019
The quarter-percentage-point cut will lower borrowing costs for households and businesses. The move is an effort to prolong the decade-old economic expansion in the face of rising headwinds.
World Oil Prices Spike After Saudi Facilities Attacked
Monday, September 16, 2019
Oil prices jumped on Monday in response to a weekend strikes in Saudi Arabia that crippled more than half the country's oil production. It was the single-largest daily surge in crude prices in years.
Does Tariff Delay Signal A Chance For Trade War Deal With China?
Thursday, September 12, 2019
President Trump announced Wednesday that he would postpone the increase of certain tariffs on Chinese goods from Oct. 1 to Oct. 15. This follows a trade concession by China earlier in the day.
Next Round Of U.S. China Trade Talks Are Unlikely To End The Trade War
Wednesday, September 11, 2019
China has granted tariff waivers to a small number of U.S. exports, as the two countries prepare for another round of trade talks. Most analysts are not predicting a quick end to the trade war, even though it's taking a toll on both sides of the Pacific.
Wilbur Ross At The Center Of Another Political Storm, This Time About The Weather
Tuesday, September 10, 2019
Ross is under the microscope again — this time for reportedly pressuring government scientists to back President Trump over a misleading tweet about Hurricane Dorian.
Monthly Jobs Report Shows Fresh Signs Of Slowing U.S. Economy
Friday, September 06, 2019
Employers added just 130,000 jobs in August, another sign that the economy is slowing. Job gains for June and July were revised downward. Factories, in particular, have seen a slowdown.
Tepid U.S. Jobs Report Adds To Economic Jitters
Friday, September 06, 2019
The Labor Department says U.S. employers added 130,000 jobs in August, fewer than private analysts had expected. The unemployment rate was unchanged at 3.7%.
Manufacturing Shrinks For 1st Time In 3 Years On Trade Tensions
Tuesday, September 03, 2019
Manufacturing activity in the U.S. shrank last month for the first time in three years. Factories are especially sensitive to international forces, including the ongoing trade wars.
New Import Taxes Underscore China's Role As Growing U.S. Food Supplier
Monday, September 02, 2019
The Trump administration leveled new tariffs this weekend on more than $100 billion worth of imports from China, including chocolate, sweet biscuits and chewing gum.
New China Tariffs Go Into Effect
Sunday, September 01, 2019
The Trump administration is imposing new tariffs on more than $100 billion worth of Chinese imports. It's the latest escalation in the ongoing trade war.
China Falls Out Of Fashion For Some U.S. Brands
Friday, August 30, 2019
As the trade war drags on, more manufacturers are looking to relocate from China to avoid Trump's tariffs. A firm that sells Isaac Mizrahi's clothing line has already shifted much of its production.
Markets Fall After Trump Tweets
Saturday, August 24, 2019
President Trump lashed out at China and the Federal Reserve and said he's ordering U.S. companies to find suppliers outside of China. There was a sharp sell-off on Wall Street.
President Trump Announces Higher Tariffs On Goods From China
Friday, August 23, 2019
President Trump has ordered higher tariffs on Chinese imports, in another escalation of the trade war between the world's two biggest economies.
Tomato Truce: U.S. And Mexico Strike A Deal On Imports
Wednesday, August 21, 2019
The U.S. agreed to lift tariffs on imported tomatoes from Mexico. But importers warn that stepped-up inspections could still create bottlenecks, limiting supplies and raising produce prices.
The Federal Budget Deficit Is Getting Bigger As Spending Grows
Wednesday, August 21, 2019
The deficit is expected to swell to $960 billion this year and average $1.2 trillion in each of the next 10 years, according to congressional budget forecasters. They also expect the economy to slow.