Trump, exports and tariffs
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The Office for National Statistics said the value of goods exported to America tumbled by £2 billion in April – the fastest pace since records began.
By Marco Aquino PISCO, Peru (Reuters) -In Peru's Pisco Desert, rows of blueberry bushes towering as much as two meters high stretch towards the horizon, finally giving way to sand dunes. Traditional blueberries need chilly nights to bring fruit,
A U.S.-China trade truce wasn’t enough to stem a sharp drop in shipments from China to America last month.
HighGround says “The significant decline was primarily driven by a decrease in smaller shipments to Canada, which fell by 34% month-over-month. The U.S.’ northern neighbor may have purchased more butter for shipment in February and March ahead of tariffs, and sales for April may have lessened as a result.”
The UK economy shrank more than expected in April as the worst of President Trump's tariffs hit. The standard measure of economic output (GDP) contracted a sharp 0.3% in April, data from the Office for National Statistics (ONS) showed.
Despite common perceptions that the U.S. doesn't build things anymore, American factories are still hard at work. A special report from The Kiplinger Letter.
China has reported its exports rose 4.8% in May from a year earlier, lower than expected as shipments to the United States fell nearly 10%
Zimbabwe will ban exports of lithium concentrates next year as part of a push to make foreign mining companies develop refining operations in the country, a cabinet minister said.
Exports from China to the U.S. plummeted last month, but that wasn't having much of an impact on the stock market. Investors were instead zeroing in on talks in London that they hope will yield a longer-term trade truce between the world's two largest economies.