Prices for goods imported into the U.S. declined in November, the Labor Department said Thursday. Here are the report’s key takeaways: –Import prices decreased 1.6% in November from the previous month, the largest monthly drop in more than three years. Unlike other price measures produced by the...
https://www.hellenicshippingnews.com/u-s-import-prices-dropped-in-november/
The Trump administration has pulled out all the stops to attack the European Union. Realizing its relative weakness, the EU hasn’t tried a muscular response. Instead, it has used the same tactic as it did with Britain’s Brexiters. On Tuesday, the U.S. ambassador to the EU, Gordon Sondland, accused...
https://www.hellenicshippingnews.com/the-eu-is-playing-trump-just-like-it-played-the-brexiters/
Chinese exporters (and likey their American counterparts) have figured out a way for some items to skirt tariffs. U.S. Customs and Border Protection determined last week that Chinese hardwood plywood is circumventing lumber tariffs by using Vietnam , Panjiva Research pointed out on Monday. The...
https://www.hellenicshippingnews.com/trade-war-update-china-subverts-tariffs-trade-gap-gets-wider/
U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a “hard deadline” after a week of seeming confusion among President Donald Trump and his advisers. Global markets...
https://www.hellenicshippingnews.com/u-s-says-march-1-hard-deadline-for-trade-deal-with-china/
China’s factory prices rose in November at their slowest pace since October 2016 as domestic demand lost further momentum, piling pressure on policymakers to unveil more measures to support the economy. Consumer inflation, meanwhile, eased from the previous month due to lower food prices, according...
The European Central Bank will offer new long-term loans to banks next year while going slow on interest rates to underpin the region’s increasingly fragile upswing, according to a Bloomberg survey of economists. Almost three-quarters of respondents said they expect an announcement of such funding...
https://www.hellenicshippingnews.com/ecb-seen-giving-long-term-loans-in-2019-going-slow-on-rates/
When President Trump first threatened to levy major tariffs on China, business leaders worried the administration was using the wrong weapon on the right target. It wasn’t the flood of washing machines coming in and the trickle of Fords going out that raised the ire of America’s CEOs. They wanted...
https://www.hellenicshippingnews.com/trumps-tough-china-tack-wins-over-skeptical-ceos/
U.K. financial-services exports to the European Union could be 59 percent lower after Brexit, even if Prime Minister Theresa May secures a free-trade agreement, according to the Centre for European Reform. “Any arrangement that sees the U.K. leave the single market will inevitably lead to new...
https://www.hellenicshippingnews.com/brexit-predicted-to-cut-u-k-financial-services-exports-to-eu/
U.S. employers slowed their pace of hiring in November, but wage growth matched the highest rate in nearly a decade and unemployment held at a very low level, showing the labor market remains a pillar of strength even as the stock market and other economic signals flash caution. U.S. nonfarm...
President Donald Trump is losing his war on the U.S. trade deficit and the evidence is growing that his own tariffs are at least part of the reason why. The U.S.’s monthly deficit in goods and services with the world reached its highest level in a decade in October while the deficit with China hit...
https://www.hellenicshippingnews.com/trump-is-losing-the-trade-war-by-one-of-his-own-metrics/