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America’s trade gap soared under Trump, final figures show
As Trump tamped down on imports from China, U.S. companies turned to other foreign suppliers.Former President Donald Trump’s tariffs also imposed higher costs on businesses and consumers. | Delcia Lopez/The Monitor via APThe U.S. trade deficit over the four years of President Donald Trump’s presidency soared to its highest level since 2008, despite his tough tariff tactics intended to bring it down, showed on Friday.The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016, the year before Trump took office. The trade deficit in...…As Trump tamped down on imports from China, U.S. companies turned to other foreign suppliers.Former President Donald Trump’s tariffs also imposed higher costs on businesses and consumers. | Delcia Lopez/The Monitor via APThe U.S. trade deficit over the four years of President Donald Trump’s presidency soared to its highest level since 2008, despite his tough tariff tactics intended to bring it down, showed on Friday.The combined U.S. goods and services trade deficit increased to $679 billion in 2020, compared to $481 billion in 2016, the year before Trump took office. The trade deficit in...WW…
Taiwan shifting attention to Biden in push for trade deal
The Trump administration has stopped short of agreeing to begin free trade talks with Taiwan, despite a public request from the country’s president.Taiwanese President Tsai Ing-wen delivers a speech during National Day celebrations in Taipei, Taiwan, Saturday, Oct. 10, 2020. | Chiang Ying-ying/APTaiwan hopes its new economic dialogue with the United States will help make the case for President-elect Joe Biden to agree to begin talks on a bilateral free trade agreement, a top Taiwanese official said on Thursday.“Of course, we would like to see a free trade agreement with the U.S.,” Taiwan...…The Trump administration has stopped short of agreeing to begin free trade talks with Taiwan, despite a public request from the country’s president.Taiwanese President Tsai Ing-wen delivers a speech during National Day celebrations in Taipei, Taiwan, Saturday, Oct. 10, 2020. | Chiang Ying-ying/APTaiwan hopes its new economic dialogue with the United States will help make the case for President-elect Joe Biden to agree to begin talks on a bilateral free trade agreement, a top Taiwanese official said on Thursday.“Of course, we would like to see a free trade agreement with the U.S.,” Taiwan...WW…
Trump’s TikTok power play may fall short
The proposed deal between Oracle and the Chinese-owned video app isn't the outright sale the president demanded. And it may not resolve U.S. security concerns.The TikTok logo is displayed outside a TikTok office in Culver City, California. | Mario Tama/Getty ImagesPresident Donald Trump aimed for a when he demanded that TikTok’s Beijing-based parent sell the popular video-sharing app to an American company or be banned from operating in the United States.Now he may have to settle for less.The proposal put before his administration this weekend wouldn’t sell the company outright. It’s...…The proposed deal between Oracle and the Chinese-owned video app isn't the outright sale the president demanded. And it may not resolve U.S. security concerns.The TikTok logo is displayed outside a TikTok office in Culver City, California. | Mario Tama/Getty ImagesPresident Donald Trump aimed for a when he demanded that TikTok’s Beijing-based parent sell the popular video-sharing app to an American company or be banned from operating in the United States.Now he may have to settle for less.The proposal put before his administration this weekend wouldn’t sell the company outright. It’s...WW…
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