GENEVA — The World Trade Organization said Tuesday that Trump administration tariffs on Chinese goods totaling more than $200 billion are illegal under the rules of the global trade body. The decision marks the first time the Geneva-based trade body has ruled against a series of tariffs that President Donald...
A Tale of 2 Migrations: Before and After New Trump Policies
SANTA ANA, El Salvador — MarÃa Teresa Carballo was worried. She hadn’t heard from her daughter-in-law since the young woman and her two young children left with a smuggler for the U.S. border a week earlier. The silence was unexpected: Seventeen other members of Carballo’s family had undertaken the same...
Stocks Slump as Trump Says Trade Deal With China Can Wait
Stocks fell broadly Tuesday after President Donald Trump cast doubt over the potential for a trade deal with China this year and threatened to impose tariffs on French goods. The selling knocked the Dow Jones Industrial Average more than 350 points lower had the S&P 500 on track for its...
Now Roquefort: US Eyes Tariffs on $2.4B in French Imports
WASHINGTON — The Trump administration is proposing tariffs on up to $2.4 billion worth of French imports — including Roquefort cheese, handbags, lipstick and sparkling wine — in retaliation for France’s tax on American tech giants like Google, Amazon and Facebook. The Office of the U.S. Trade Representative charged Monday...
Sour Grapes: Trade War Puts Cork in US Wine Sales to China
LIVERMORE — Caught in the crossfire of President Donald Trump’s trade war with China, U.S. vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen. They risk losing their foothold in one of the world’s fastest-growing wine markets. The 16-month dispute between the world’s two biggest economies has...
Hopes Rise That Lifting Tariffs Could Allow US-China Accord
BEIJING — Prospects appear to have brightened for a preliminary breakthrough in the U.S.-China trade war after the two sides agreed to reduce some punitive tariffs on each other's goods as part of an initial agreement. A Chinese spokesman announced the development Thursday as talks on ending the trade war...
US Trade Trade Deficit Falls to $52.5 Billion in September
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...
Prepare Your Taste Buds for Sticker Shock as Tariffs on European Wine, Food Take Hold
CHABLIS, France — French vintners are begging for government aid. Italian farmers are scrambling for new export markets. And American shoppers are about to face supermarket sticker shock on European products. That's because some $7.5 billion in U.S. tariffs on European food, wine and other goods took effect Friday, in response to...
US Stocks Move Higher as China Eases Trade Tensions
Stocks rose broadly on Wall Street in afternoon trading Wednesday as investors welcomed China's move to exempt some U.S. products from a recent round of tariffs. Technology, health care and communication services stocks powered much of the gains for the benchmark S&P 500 index, which has been essentially flat for...
Mexico Claims Success in Stopping Migrants; Activists Say No
MEXICO CITY — Under threat of crippling U.S. tariffs, Mexico said Friday it had reduced the flow of migrants arriving at its northern border by 56% in three months. Foreign Secretary Marcelo Ebrard said he believes Mexico's strategy of cracking down on illegal migration with a National Guard deployment, investment...