• As Trump Seeks Ban on German Luxury Cars Such as Mercedes-Benz, the ‘Big Three' Shed $20.2 Billion

    3 monthes ago - By Fortune

    Reigniting trade war fears, President Donald Trump is said to seek a ban on selling German luxury cars in the U.S. , including those from the nation's big three automakers: Volkswagen, Mercedes-Benz maker Daimler, and BMW.
    Shuddering in light of the news, shares of the automakers fell in Germany Thursday. Shares of Volkswagen and Daimler each fell 2%, while BMW slid 1%. The Germany DAX Index also shed about 1%
    But that report is only a sliver of the pain those carmakers have felt due to the Trump administration's actions.
    A week earlier, the Commerce Department said it was considering...
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  • As Trump talks of trade losses, China is a win for U.S. East Coast ports

    3 monthes ago - By Reuters

    CHARLESTON, S.C. - For America's fastest growing East Coast ports, trade with China equals billions of dollars of investment and thousands of well-paid jobs in the heart of Trump country and not, as the president portrays it, the death knell for America's middle class.
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