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The world’s biggest shipping company just put up a red flag that the trade war is crushing the global economy
'So far, US importers have shifted imports away from China to other countries such as Vietnam, Korea, Thailand, India and Mexico,' Maersk said.
Data released Friday confirmed that the month of February saw Korean overseas sales drop 11.1%. This marked the sharpest decline since April 2016.
A data point known as a canary in the coal mine for the global economy just fell off a cliff, and it’s a troubling sign of how bad things are in...
Exports from South Korea dropped 14.6% in the first 20 days of 2019 versus the same period last year, according to data released Monday morning.
Chinese tech giant Huawei reportedly has a secretive research lab at its headquarters nicknamed the ‘White House’
Bloomberg got an inside look at Huawei's campus in China in the wake of the arrest of the tech company's chief financial officer.
President Donald Trump's latest round of tariffs on $200 billion worth of Chinese goods indicates that the trade war with China isn't slowing down anytime soon. And given recent threats from both sides, the trade war is only likely to get worse.
The free trade and protectionist wings of President Donald Tump's economic team appear to be in open battle against each other. The fight comes at a critical juncture for US trade policy.
President Donald Trump wants to impose quotas on six key trade allies instead of steel and aluminum tariffs. But trade experts say quota systems can increase corruption, hurt the economy, and violate international trade rules — and that they may, in fact, be worse than tariffs.
President Trump won some small victories on trade over the past few weeks, but his strategy may not work for long according to economists.
A worker monitors m...
Based on studies of past policies, President Donald Trump's new tariffs on steel and aluminum will likely be terrible for the US economy.