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trade

Updated at 11:04 a.m. ET

For Douglas Clark, the darkest part of working for Nike in the 1980s was watching American shoe manufacturing "evaporate" in the Northeast in a mass exodus to Asia in pursuit of cheaper labor.

"As a true Yankee — and my father was a Colonial historian — you know, it was heartbreaking," he said.

A group of more than 600 companies and trade associations have signed a letter to the president asking him to end the trade war with China and to drop tariffs.

Retail giants like Walmart, Target, Macy's and Gap wrote that they are worried tariffs will lead to job loss and will harm consumers and the U.S. economy.

Updated Saturday at 10:30 a.m. ET

A day after U.S. and Mexico officials announced an agreement to avert tariffs — set to begin on Monday — affecting billions of dollars in imports from Mexico, President Trump took a victory lap on Twitter.

Under a joint agreement released by State Department officials, Mexico will assist the United States in curbing migration across the border by deploying its national guard troops through the country, especially its southern border.

Bret Davis in one of his corn fields. He worries this years slow start could put a ceiling on yields.
Nick Evans / WOSU

The last time I visited Bret Davis' farm in Delaware County, earlier in the spring, I was asking him about a federal program helping farmers bit by the trade war. It was raining then, and it was wet and rainy when I spoke to him this week, too.

Updated at 4:46 p.m. ET

Hiring slowed sharply last month, as U.S. employers added just 75,000 jobs. The unemployment rate held steady at 3.6%.

The monthly snapshot from the Labor Department suggests businesses are increasingly cautious in the face of the Trump administration's ongoing trade wars.

President Trump has threatened to impose tariffs on goods imported from Mexico, starting next week, if Mexico doesn't take action to reduce the flood of Central American migrants across the Southern border of the U.S.

The proposed tariffs — which would start at 5% on goods crossing the border and could ramp up to 25% over time — would play havoc with supply chains in the auto industry.

To understand why, consider a vehicle's wiring harness — the car's nervous system, consisting of a complex network of wires that connect electronic components throughout the car body.

Ohio’s auto industry could suffer major disruption if President Donald Trump’s tariffs against Mexico take effect.

That's according to Case Western Reserve University economist Susan Helper, who studies the U.S. auto industry.

Updated at 12:25 p.m. ET Friday

President Trump says he will begin imposing tariffs on all goods imported from Mexico beginning June 10, unless that country does more to help reduce illegal immigration from Central America.

Shares of automaker stocks fell Friday morning following the news. It also drew a response from carmakers — many of whom have built facilities in Mexico in recent years to take advantage of cheaper labor and easy access to the U.S.

Updated at 6:15 p.m. ET

The Trump administration will provide $16 billion in aid to help keep farmers afloat as they reel from the yearlong trade war between the U.S. and China, the latest sign that the world's two largest economies are still far from striking a long-term trade agreement.

The bulk of the support, or about $14.5 billion, is direct aid to farmers, which producers will start to see some time this summer, Agriculture Secretary Sonny Perdue told reporters in a briefing on Thursday.

Bob Best enthusiastically supports President Trump's tough policies against China and other countries.

"I'm not a big tariff guy. I'm a free trade guy," says Best, who manages a heating and air conditioning company in Kennesaw, Ga.

"But sometimes when the bully just doesn't listen, you've got to punch him in the mouth. And that's what he's doing."

Updated at 3 p.m. ET

The Trump administration has reached a deal to lift tariffs on steel and aluminum imports from Canada and Mexico, in a move that could put the three nations a step closer to ratifying the USMCA trade deal that would replace NAFTA.

The tariffs will be lifted within two days, according to a joint U.S.-Canada statement posted by Canada's foreign ministry.

Updated at 11:34 a.m. ET

The Trump administration will delay tariffs on cars and auto parts imports for six months while it negotiates trade deals with Japan and the European Union, the White House announced Friday.

The Trump administration's trade war with China continues to roil markets and draw headlines. But that's not the only trade tension in town.

For about a year, the White House has been weighing the possibility of imposing tariffs or quotas on cars and car parts imported from close allies in Europe and Japan.

The auto industry is united in opposition to the tariffs. But carmakers and auto suppliers may have to keep waiting to find out whether their pleas have been heard.

The state’s two U.S. Senators are teaming up to encourage federal contractors to put more effort into buying American-made products. 

The Trump administration is preparing a new list of $300 billion worth of Chinese imports that would be hit with tariffs of up to 25%, after China retaliated Monday in the trade war between the world's two largest economies.

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