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The latest round of tariffs on Chinese imports is expected to hit more products U.S. consumers actually buy, and businesses say they have no choice but to pass the added costs on to consumers.
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China and the U.S. are scheduled to continue trade talks in Washington this week, but U.S. officials go into the negotiations accusing China of "reneging" on its commitments.
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Bret Davis leans against a work bench at a farm north of Delaware. He and his partners are casting about, trying to stay busy while the rain keeps them…
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Ohio Congresswoman Marcy Kaptur says she will vote to defeat the new North American Free Trade Agreement worked out by the Trump Administration last fall. On Friday the Democrat said one of the reasons she is opposed to the U.S.-Mexico-Canada Agreement (USMCA) is an expansion of drug company exclusivity. “You weren’t expecting that the pharmaceutical issue would be hidden in a trade bill but it is,” said Kaptur.
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Last week U.S. Trade Representative Robert Lighthizer launched what Politico called a charm offensive on Capitol Hill amid high-profile trade deals being sought with China, and Canada and Mexico, among others. Some Democrats in the House majority have voiced concerns over the deal to replace NAFTA, especially over labor and environmental regulations.
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President Trump has pushed tariffs to cut the trade gap. But the United States bought more from other countries than it sold to them last year, pushing the deficit to a level not seen since 2008.
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President Trump has suspended a planned increase in tariffs on hundreds of billions of dollars in Chinese imports, after what he called "very productive" trade talks in Washington this weekend.
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The U.S. Trade Representative has spent his career warning about the problems and perils of global trade. Now, as the chief U.S. negotiator with China, he's in a position to do something about it.
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President Trump has threatened to increase and expand on about $250 billion in tariffs, but he agreed to hold off until early March, while negotiators try to hammer out a deal.
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In Ashtabula, hometown of U.S. Trade Representative Robert Lighthizer, people are hoping the president's agenda brings renewed vigor to manufacturing.