by Sarah Min | Apr 1, 2018 | Economy, International Trade, Newest
The U.S. Census Bureau will release its international trade report this Friday, in a year where tariffs have dominated the public conversation. After a near-decade high in January, the trade gap is expected to narrow slightly in February. While imports continue to...
by Sarah Min | Mar 29, 2018 | International Trade, Jobs, Newest
When Caterpillar closed its construction machinery plant in Newberry County in 2016, it had hardly vacated the premises before Samsung rushed in to build its first North American production facility. “The timing couldn’t have been more excellent,” said Misty West,...
by Sarah Min | Mar 13, 2018 | Economy, International Trade, Newest
The U.S. trade deficit is the highest it has been in nearly 10 years, signaling strong consumer demand as imports continue to outpace exports. President Donald Trump brought the ever-widening trade deficit to the forefront of national discussion last week after...
by Alix Langone | Jun 1, 2017 | Canada, Economy, Housing, International Trade, Jobs, Lumber, Newest
President Trump has proposed a tariff on Canadian softwood lumber, but American lumber is becoming more expensive as a result. The new timber tariff proposed by the president – an almost 20% tax on softwood lumber imported from Canada – may sound beneficial for...