With this bone of contention being amicably resolved, NAFTA negotiations can continue. Two leading newspapers, The Mail and The Globe, have reported citing sources, that the U.S. government has dropped its demand all vehicles manufactured in Canada and Mexico for… Read More ›
U.S
U.S. Defense contractor CACI International Inc offers to merge with peer CSRA Inc
The net run-rate cost synergies in CACI’s offer beats that CRSA’s deal with General Dynamics. In a move aimed at disrupting General Dynamics Corp acquisition of CSRA Inc, a large U.S. defense contractor, its peer CACI International Inc stated it… Read More ›
The U.S. National Highway Traffic Safety Administration opens second probe against Hyundai Motor and Kia Motors
The investigations revolves around the deployment of airbags in the 2011 Hyundai Sonata and 2012-2013 Kia Forte models. On Monday, Hyundai Motor’s share tread a downward slope following the opening of a probe by a U.S. regulator after some of… Read More ›
Australia and ASEAN to establish regional infrastructure pipeline
The development is aimed at boosting high quality infrastructure projects in the region. In a strategic development aimed at countering China’s growing influence in the region, Julie Bishop, Australia’s Foreign Minister stated the Association of Southeast Asian Nations (ASEAN) and… Read More ›
U.S. Chamber of Commerce warns against imposition of unilateral tariffs
The President of the U.S. Chamber of Commerce has warned that while the Trump Administration was right on it’s focus on China’s industrial policies and unfair trade practices which unfairly impacts the U.S. economy, the current tariffs approach will do… Read More ›
U.S. Administration aiming to slash China trade surplus by $100 billion
It is to be seen how the Trump Administration will go about achieving its goal of balancing trade between the two economies. Although a spokeswoman clarified on Trump’s tweet to even out this trade surplus, a lot more clarity will… Read More ›
Earnings of U.S. airlines primed to take off in the first quarter: trade body
Airlines for America (A4A) has forecast nearly a doubling of passengers carried by U.S. airlines this spring. According to a forecast by a U.S. airlines industry trade group, starting this spring the sector is set to carry an all-time high… Read More ›
Donald Trump aims to target Chinese IT, consumer electronics and telecom goods in latest push to balance bilateral trade
While the U.S. Administration’s effort to reign in China’s aggressive trade policy which aims to subplant foreign technologies with domestic ones, it will have to streamline its apprach since its imposition of metal tariffs have largely undermined support from Europe…. Read More ›
Crude oil prices edge up on a drop in U.S. drilling activity
The general U.S. oil drilling trend shows that it is set to become the world’s no.1 oil producer. On Monday, two factors contributed in the rise of oil prices. The first was the drop in production of U.S. rigs drilling… Read More ›
Imposition of stiff import duties on aluminum and steel would significantly raise prices of U.S cars and trucks: Toyota Motor Corp
U.S. tariffs on imported aluminum will not only see a cost increase ripple through supply chains of carmakers but also risks retaliation from major partners. On Friday, Japan’s Toyota Motor Corp stated the imposition of stiff tariffs on imported aluminum… Read More ›