Economy

Ohio Treasurer candidates Democrat Cincinnati attorney Rob Richardson Jr. and Republican Rep. Robert Sprague
Rob Richardson Jr. / Ohio House

The five statewide executive offices will all turn over this year because of term limits on their occupants. The person elected treasurer will oversee Ohio’s $21.5 billion portfolio of investments, and will manage the collection of billions in state revenues.

The new trade deal with Canada and Mexico has been warmly welcomed by farmers, manufacturers and business groups across the country, but not always for the reasons President Trump anticipated.

While the president has touted improvements and changes as compared to North American Free Trade Agreement, many people are focusing on what didn't change and expressing relief that there's a deal at all.

China's ambassador to the United States says his country is "ready to make a deal" to end a trade war with the United States — if they could find a trustworthy partner in Washington.

Cui Tiankai accused the United States of shifting positions and passing up opportunities for agreement. The United States has been escalating tariffs on imports from China, and China he responded with taxes on U.S. goods.

Late Sunday night, the Trump Administration and Canada agreed on a deal to renew the North American Free Trade Agreement

The renamed U.S.-Mexico-Canada-Agreement (USMCA) addresses environmental issues including invasive species, pollution from ships, sustainable forestry, plastics pollution, and ozone protections.

Updated at 3:45 p.m. ET

The U.S. and Canada reached a deal to replace the North American Free Trade Agreement, signed a quarter-century ago, with a new pact that the Trump administration says is easier to enforce.

In remarks in the Rose Garden formally announcing the agreement, President Trump called it "the most important trade deal we've ever made by far."

Ahead of a midnight deadline set by the White House, Trump approved changes that essentially revamp the 1993 NAFTA deal, bringing Canada on board after Mexico had already agreed in August.

A local entrepreneur is setting out to make the city of Alliance an eccentric tourist destination.

Sherry Groom is the owner of Camelot Community Project, an ongoing effort to bring tourists to Alliance. She purchases run-down buildings downtown and transforms them into quirky, artistic shops with the help of local artists and architects.

Updated at 11:01 a.m. ET

Hours after President Trump announced tariffs on $200 billion in Chinese goods, China responded with its own levies on $60 billion worth of U.S. products.

Chinese state television on Tuesday reported that the government has decided to impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday. The tariffs will apply to 5,207 items.

Cleveland Federal Reserve Forms Community Advisory Council

Sep 12, 2018
Federal Reserve Bank of Cleveland building
Annie Wu / Ideastream

The Federal Reserve Bank of Cleveland is launching its first community advisory council to address economic and social issues in low income communities in Ohio, as well as parts of Pennsylvania, West Virginia and Kentucky.

The U.S. economy added 201,000 jobs in August, the Labor Department said on Friday, continuing its nearly eight-year streak of monthly gains. The unemployment rate remained unchanged at a very low 3.9 percent.

Job seekers at one of two fulfillment centers in Central Ohio.
Esther Honig / WOSU

Ohio has been gaining jobs over the last few years, and its unemployment rate hit its lowest level in 17 years a few months ago. But there are other numbers in the state’s economic overview that raise concerns for a progressive group that reviews the economy each year on Labor Day.

Updated at 5:40 p.m. ET

The United States and Mexico have reached an "understanding" on several critical trade issues following bilateral talks to renegotiate the North American Free Trade Agreement. They will now likely re-engage with Canada to reach a final deal on NAFTA, a primary goal of the Trump administration.

Speaking at the White House on Monday, President Trump said he wanted to change the NAFTA name to the U.S. Mexico Free Trade Agreement. He also reframed the negotiations as two bilateral trade deals.

Hudson-based Joann sent a message to customers this week warning them that the craft store’s products -- including candle holders and glass beads -- may be affected by the Trump administration’s

Last month, after the U.S. leveled tariffs on $34 billion of Chinese imports and after China retaliated in kind, Beijing described the escalating trans-Pacific antagonism as "the largest trade war in economic history."

Now, both nations have upped the ante once again.

The Nippon Steel and Sumitomo Metal plant in Kamaishi Japan.
Adrian Ma / Ideastream

Kamaishi, Japan, may be a long way from Cleveland, but both cities have a lot in common.

Ryan Hagarty / U.S. Fish and Wildlife Service

Wildlife, conservation and outdoor sporting groups are uniting to promote the importance of hunting on Ohio’s economy. The coalition wants to raise awareness about aspects of hunting that seem to fly under the radar.

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