• Which states are most invested in trade with China and Canada?: The geographic distribution of U.S. exports

    1 month ago - By FRED

    View on GeoFRED®
    If you follow this blog, chances are you've run across at least some standard economic theories. For example, (1) countries export what they can produce at a comparative advantage and import the other stuff and (2), with nearly unequivocal agreement, free trade is seen as beneficial overall for trading partners. You may also be following the escalating tensions between the U.S. and its trading partners over tariffs enacted by the U.S. to protect import-competing industries and the retaliatory tariffs enacted by the other countries. So let's see if FRED data can connect a...
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  • Trump's Tariffs Will Hurt American Consumers, Workers And U.S. Banks

    1 month ago - By Forbes

    US bank regulators should require that banks evaluate their credit and market exposures to China and to increase capital to sustain unexpected losses. Waiting for further escalation in the current conflict for bank risk managers to act would be unwise.
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  • Trade tensions weigh on Wall Street

    1 month ago - By Reuters

    U.S. stocks fell on Monday, led by declines in technology and consumer discretionary stocks, as investors looked to President Donald Trump's announcement regarding tariffs on $200 billion of Chinese imports.
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  • Stocks tumble as markets brace for Trump's next round of tariffs

    Stocks tumble as markets brace for Trump's next round of tariffs

    1 month ago - By Business Insider

    Stocks fell Monday as markets braced for major escalations in the US-China trade war. The Nasdaq Composite dropped nearly 1.5%, with companies like Apple earlier warning tariffs could force them to raise prices. The dollar and Treasury yields slid.
    Here's the scoreboard:
    Dow Jones industrial average : 26,062.46−92.21
    S&P 500 : 2,889.11 −15.87
    Nasdaq Composite : 7,895.79 −114.25
    The Trump administration is expected to impose tariffs on an additional $200 billion worth of Chinese products. President Donald Trump said he would make an announcement after financial markets close. The action...
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  • Oil near flat as market weighs U.S.-China trade tensions, Iran sanctions

    1 month ago - By Reuters

    Oil prices were little changed on Monday as the market weighed deepening trade tension between the U.S. and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions.
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