WASHINGTON — President Donald Trump is using "treason" rather lightly as he assails unidentified U.S. officials for investigating operatives of his campaign in 2016. There's no allegation or even suggestion that they committed this punishable-by-death crime, if any crime at all. Trump's hyperbolic characterization echoed at the end of a...
US Economy Grew at Strong 3.2% Rate in First Quarter
WASHINGTON — The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown. The advance in the gross domestic product, the...
Commission: New NAFTA would deliver modest economic gains
WASHINGTON — President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency has found. The International Trade Commission said Thursday that Trump's U.S.-Mexico-Canada agreement would lift the U.S. economy by 0.35%, or $68.2 billion, and add 176,000 jobs six...
Fears Grow: 1/3 of UK Firms Consider Move Abroad Over Brexit
LONDON — Nearly a third of U.K. firms may shift their operations abroad because of Britain's looming departure from the European Union, a survey of 1,200 company directors suggested Friday, as the political stalemate over a Brexit deal heightened jitters among businesses. The survey by the Institute of Directors, an...
Zakaria: America’s Dangerous Retreat on Trade
President Donald Trump has made plenty of waves with his approach to trade and the effect are rippling across the globe. Washington Post columnist Fareed Zakaria says that poses risks for the world's economies as well as for peaceful co-existence between nations. "Few ideas have been as thoroughly tested through...
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...
US-Mexico ‘Understanding’ Could Overhaul NAFTA
President Donald Trump is announcing a trade "understanding" with Mexico that could lead to an overhaul of the North American Free Trade Agreement. Trump made the announcement Monday in the Oval Office, with Mexican President Enrique Pena Nieto joining by speakerphone. Read a transcript of their phone call at this...
Ever Bought Groceries Without ID? Trump Says You Can't.
TAMPA, Fla. — President Donald Trump wrongly claimed that shoppers need to show photo identification to buy groceries and accused Democrats of obstructing his agenda and his Supreme Court nominee during a raucous rally aimed at bolstering two Florida Republicans ahead of the state's primary. Trump, addressing thousands of supporters...
Japan, EU Sign Trade Deal Eliminating Nearly All Tariffs
TOKYO — The European Union and Japan signed a landmark deal Tuesday that will eliminate nearly all tariffs on products they trade. The ambitious pact signed in Tokyo runs counter to President Donald Trump's moves to hike tariffs on imports from many U.S. trading partners. It covers a third of...
Survey of Economists: US Sales and Hiring Likely to Grow
DETROIT (AP) — Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them. But a majority of the economists surveyed by the National Association for Business Economics say the corporate tax cuts that the Trump administration pushed through...