Business & Economy

Pablo Martinez Monsivais / Associated Press

Despite his backing of tariffs against China, Sen. Sherrod Brown (D-Ohio) is holding off his support of President Donald Trump’s plan to give struggling farmers $12 billion in aid.

Adora Namigadde / WOSU

A U.S. Hair & Beauty employee rapidly scans the barcodes of the latest shipment of hair extensions. Black, burgundy and chestnut brown weaves pile up on the floor as she throws one pack down to pick up another.

U.S. Hair & Beauty is the biggest beauty supply business in Columbus, at seven stores and growing.

Updated at 6:54 p.m. ET

President Trump and European Commission President Jean-Claude Juncker said Wednesday that they have agreed to work toward removing all trade barriers between the two sides.

In a Rose Garden announcement, Trump said the EU had also agreed to buy U.S. soybeans, a day after he announced a $12 billion bailout package for farmers hit by retaliatory tariffs. Trump said the EU will also become a "massive buyer" of U.S. liquefied natural gas.

Ohio U.S. Senator Rob Portman
J. Scott Applewhite / Associated Press

Sen. Rob Portman (R-Ohio) says he would like to see an end to trade disputes with China, but says Trump’s decision to provide $12 billion in subsidies to American farmers might be a good short-term solution to trade shortfalls.

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Ohio’s unemployment rate went up in June to 4.5 percent. That’s compared with 4.3 percent in May, which was the lowest level since July 2001. But the number of employed Ohioans last month increased a bit, too.

Construction at River & Rich in Franklinton.
Nick Evans / WOSU

The 200-plus apartment development River and Rich is nearing completion on Franklinton’s east side. The hum of heavy machinery and the staccato thump of nail guns played in the background last week as city leaders gathered to pitch a revamped tax abatement plan.

President Trump threatened to impose tariffs on every product imported from China, dialing up the pressure in the growing trade dispute between the world's two economic superpowers.

In an interview with CNBC broadcast this morning, Trump said, "We're down a tremendous amount," referring to the trade imbalance between the U.S. and China. "I'm ready to go to 500."

Mark Wahlberg Buying Bobby Layman Chevrolet In Columbus

Jul 20, 2018
Mark Wahlberg
Jordan Strauss / Invision/AP

Mark Wahlberg wants you to see the U.S.A. in a Chevrolet.

The 47-year-old actor, producer, businessman and former rapper on Thursday announced he's launching his first car dealership, Mark Wahlberg Chevrolet after purchasing Bobby Layman Chevrolet on West Broad Street in Columbus, Ohio. 

A trade war with China, the European Union and other trading partners is casting some doubts about the U.S. economic future, Federal Reserve Chairman Jerome Powell said Tuesday.

And the longer it goes, the more potential harm it could cause, Powell told the Senate Banking Committee at a hearing about the Fed's monetary policy and the economy.

China has filed a case with the World Trade Organization against the U.S. to protest the Trump administration's plan to put new tariffs on $200 billion worth of Chinese imports. China says the tariffs are illegal attempts at protectionism.

China's Ministry of Commerce announced it is pursuing legal remedy against the U.S. in a brief statement on its website — the latest in an escalating trade conflict between the world's two largest economies.

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