tariffs

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.

Nick Evans / WOSU

In the middle of a corn field, pathways with names like "beef," "swine" and "wool" stretch off into the distance, lined with tents hocking everything from new gadgets to heavy machinery. The Farm Science Review has a county fair type atmosphere, but it emphasizes education.

Farmers usually show up with questions about best practices for pesticides or to shop around for new equipment. But this year, talk of tariffs mixes with tractors.

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.

Updated at 6:43 p.m. ET

President Trump announced Monday that he is ordering 10 percent tariffs on $200 billion worth of imports from China.

Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against U.S. farmers or other industries.

It's the latest round of an escalating trade dispute between the two countries.

Pablo Martinez Monsivais / Associated Press

Canadian diplomat Douglas George gave a talk to the Columbus Metropolitan Club on Wednesday, as talks resume between the U.S. and Canada on the North American Free Trade Agreement.

Some of Ohio’s major exporting industries, including agriculture and automotive manufacturing, could suffer if the United States and Mexico make a trade deal without Canada.

The countries are reportedly in negotiations, trying to reach a deal on a revised North American Free Trade Agreement, or NAFTA, by Friday. However, earlier this week, President Trump said that if Canada won't sign on, the U.S. and Mexico will do their own bilateral deal.

 

Jeff St. Clair / WKSU

A Cleveland manufacturer says the tariffs imposed against imported steel are making it harder to do business in the U.S. It's hoping for a quick resolution of trade disputes with suppliers.

The Department of Agriculture will pay $4.7 billion to farmers growing soybeans, cotton and other products hit by tariffs in the Trump administration's hard-line trade war with China, announcing the first batch of payments from a $12 billion government aid package.

Starting next Tuesday, the agency will take applications from farmers who produce corn, cotton, dairy, hogs, sorghum, soybeans and wheat — products that were targeted in China's retaliatory tariffs, after the U.S. imposed a 25 percent levy on $34 billion worth of Chinese imports.

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 Ohio State University

Amid rising trade tensions between China and the Trump administration, Chinese officials met with Ohio business leaders in Columbus on Wednesday for a business and policy luncheon.

Adora Namigadde / WOSU

The shuttered office of the The Jackson County Times-Journal sits in a small strip mall next to the Jackson County WIC and Save-A-Lot.

A white piece of paper behind a glass front door declares "Closed," while a look through the front windows reveals a mostly empty space: a cabinet with a purple handwritten “Sold” sign, a pink fleece jacket on the ground, a few books piled up in the corner.

President Trump boasts that his trade policies are bringing back the steel industry, but recent corporate earnings reports make clear that they're also hurting the bottom line at many manufacturing companies.

"We're putting our steel workers back to work at clips that nobody would believe, right?" Trump asked the crowd at an Aug. 1 rally in Pennsylvania.

Major American steelmakers have reported higher-than-expected revenue in the second-quarter, thanks in part to Trump's 25 percent tariffs on imported steel.

Ohio Farmers Brace For Escalating Trade War

Aug 9, 2018
tractor in farm field
Jean Beaufort / Public Domain Pictures

The trade war that's already squeezing Ohio farmers is ratcheting up another notch.

In response to the Trump administration announcing $16 billion in new tariffs against China on Tuesday, Chinese trade officials on Wednesday promised to retaliate with their own tariffs.

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