In walking back his threat to close the US-Mexico border, President Donald Trump said Friday he would override his pending US-Mexico-Canada Agreement to impose a 25% tariff on cars made south of the border if Mexico doesn't help stem the flow of undocumented immigrants into the United States.
The head of Toyota North America warned Friday that the tariffs President Donald Trump has threatened to impose on foreign vehicles would make it hard for the company to follow through on an additional $750 million investment in US plants that it announced this week.
Coca-Cola issued a disappointing forecast of 4% growth in 2019 due to the global economic slowdown, a strong dollar and political uncertainty.
The telephone lines of Washington's premiere hotels have been ringing since Commerce Secretary Wilbur Ross announced plans to host high-level trade negotiations with his Chinese counterparts before the end of the month.
The largest nail manufacturer in the United States, Mid Continent Nail, continues to lay off workers as it fights against crippling steel tariffs.
Motorcycle riders descended on Milwaukee this week to celebrate Harley-Davidson's 115th anniversary, and they have mixed opinions about the company's high-profile conflict over Europe's retaliatory tariffs on its bikes.
Turkey has secured a $15 billion investment from Qatar that could bolster its economy amid a widening dispute with the United States.
Tariffs on imported steel lifted prices and operating profit for U.S. Steel, and the company predicted even better times lay ahead.
The Trump administration plans to raise pending tariffs on $200 billion in Chinese goods to 25% from 10%, a source familiar with discussions confirmed to CNN.
1. Blockbuster profits: The trade war has cast a shadow over parts of Corporate America, but it is bringing a bit of good fortune to the steel industry.
