Jobs, Homes at Stake in US-Canada Trade Squabble

Canadian officials say a new tariff imposed by the Trump administration will raise the cost of new homes in the United States by $1,000 each, and shut 150,000 Americans out of home ownership. Washington’s decision also puts “thousands” of U.S. homebuilding jobs at risk, according to Canada’s ministers of natural resources and foreign affairs. The comments… Read more

Move to protect US steelmakers is against norms of world trade

A worker at a steel company in Lianyungang, Jiangsu province, in January 2015. [Photo/China Daily] Announcing that the United States will investigate whether foreign steel imports harm the country’s national security, US President Donald Trump and Commerce Secretary Wilbur Ross have sent an unmistakable message to the big US steelmakers that they will protect them. National… Read more

Trump’s tough trade talk scores a win in battle with G20 powers

Baden-Baden, Germany (dpa) – President Donald Trump’s tough talk on trade paid off Saturday when ministers from 20 world powers meeting in Germany agreed to abandon their tradition of championing free trade and rejecting protectionism. “We couldn’t be happier with the outcome,” said US Treasury Secretary Steven Mnuchin of the two-day meeting of Group of 20… Read more

G20 ministers battle to break deadlock on trade

Baden-Baden, Germany (dpa) – Finance ministers from 20 world powers were struggling at talks in Germany on Saturday to find a common position on trade in the face of resistance from the United States. The administration of President Donald Trump is calling for the Group of 20 to drop its long-standing commitment to free trade and… Read more