WASHINGTON — The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum. The Commerce Department said Tuesday that the September gap between what America buys from abroad and what it sells...
China's Economic Slowdown Deepens, Weighing on Global Growth
BEIJING — China's economic growth sank to a new multi-decade low in the latest quarter as a trade war with the U.S. deepened a slump that is weighing on the global economy. Growth in the world's second-largest economy slipped to 6% in the three months ending in September, down from...
US Stock Indexes Slide as China's Currency Hits 11-Year Low
NEW YORK — U.S. stocks nosedived in morning trading on Wall Street Monday as China's currency fell sharply and stoked fears that the trade war between the world's two largest economies would continue escalating. China let its currency, the yuan, sink to an 11-year low against the dollar and under...
Tariffs Will Send Tomato Prices Soaring in US, Mexico Says
MEXICO CITY — Mexico's Economy Department says U.S. consumers could pay 38% to 70% more for tomatoes after the U.S. Commerce Department announced it would re-impose anti-dumping duties on Mexican imports. The Mexican agency says the country exports about $2 billion in tomatoes to the United States and supplies about...
Iran, Feeling Sanctions Bite, Looks for Outlet in Iraq
BAGHDAD — At this year's Baghdad International Fair, Iranian businessmen displayed thick, colorful Persian rugs to impressed onlookers while others showcased the latest in Iranian manufacturing in power generators and industrial tools. For Iranian companies, the annual Baghdad International Fair is a major event, as exporters in carpets, foodstuffs and...
Can 2018 Farm Bill Get the Job Done in Trump Tax Cuts Era?
Since the turn of the year, Congress and the Trump administration have been haggling over legislative priorities for 2018. Many issues are on the agenda, from health care to infrastructure, but there has been little mention of a key priority: The 2018 farm bill. This comprehensive food and agriculture legislation...
Can 2018 Farm Bill Get the Job Done in Trump Tax Cuts Era?
Since the turn of the year, Congress and the Trump administration have been haggling over legislative priorities for 2018. Many issues are on the agenda, from health care to infrastructure, but there has been little mention of a key priority: The 2018 farm bill. This comprehensive food and agriculture legislation...