Congress was once the seat of all power on U.S. trade policy.
President Trump has unilaterally raised tariffs and sparked trade wars, all without consulting Congress. A century ago, the roles were reversed.
An Iowa farmer holds some of his soybeans.
China has reportedly halted all purchases of US soybeans. Here's why that's going to be very painful for American farmers.
There’s a chill in the air these days.
AP Photo/Andy Wong
The US and China once again exchanged fire in their escalating trade war. Tariffs have been the main source of ammunition thus far, but China has other weapons it could begin to deploy.
Instead of fighting other countries, we should be fighting our overflowing landfills.
Trump's plan to slap $200 billion more in tariffs on Chinese goods is premised on yesterday's waste-fueled economy. Tomorrow's economy is 'circular.'
A cargo ship owned by Yang Ming departs New York harbor on April 9, 2018.
The economic theory of comparative cost advantage is more akin to natural law -- it can’t be wished away. And during the ongoing trade war ignited by Donald Trump, it has never been more relevant.
Farmer Michael Petefish walks through one of his soybean fields in southern Minnesota.
AP Photo/Jim Mone
The Trump administration's promise of $12 billion in aid to offset losses from retaliatory tariffs will not make up for the long-term consequences of a prolonged trade war.
Heinz is why ketchup seemed to become distinctly American.
Canada recently slapped a tariff on US exports of the tomato-based condiment, and the EU plans to do the same, perhaps on the notion that it's distinctly American. In fact, ketchup’s origins are global, as are its fans.
The U.S. is the biggest destination for Chinese foreign investment.
Jason Lee/Pool Photo via AP
Chinese investment in the US has never been high, but the ongoing trade war could dampen it further, with significant long-term repercussions.
CEO Tim Cook built Apple’s vast supply chain, which stretches from China to Europe.
The president launched a trade war largely on the premise of a massive trade deficit with China. A closer look at the iPhone shows why he's wrong.
Trump against the world?
Jesco Denzel/German Federal Government via AP
International trade policy requires three traits to be successful and lead to mutual prosperity. Trump's is missing all three, as he showed at the G-7 summit.
Shipping containers are loaded onto a ship at the Port of Long Beach in California.
Reuters/Bob Riha Jr.
The Trump administration wants China to cut its trade deficit with the US by more than half. An economist explains why that's not going to happen.
China hopes to make more microprocessor chips in China, which makes it a great industry to lead a boycott.
If companies in key industries collectively shunned the Chinese market, that would force China's leaders to take notice, with less risk of blowback.
More Chinese wines are finding their way into the liquor aisle.
AP Photo/Elizabeth Dalziel
As the US celebrates Wine Day, China's young winemakers are a reminder of the power and value of cameraderie and cooperation in this age-old industry.
Some Napa and Sonoma Valley wineries are worried about the China tariffs.
AP Photo/Eric Risberg
While the proposed tariffs would have little effect on US wine sales in the short term, their long-term impact could be much more problematic.
A farmer harvest his soybean field in Loami, Ill.
AP Photo/Seth Perlman
There's a good reason China took aim at US soybean exports when it announced its latest list of retaliatory tariffs.
China’s Xi and Trump look on as U.S. and Chinese business leaders sign trade deals.
A closer look at the US-China trade relationship shows why Trump's 'targeted' tariffs are likely to hurt American workers and businesses as well.
Trump may have launched first salvo in a trade war.
AP Photo/Ng Han Guan
The $60 billion in tariffs targeting China not only risks sparking a trade war, they represent a rejection of the WTO's much more effective way of dealing with unfair trade practices.
Business such as California winemakers could be hurt by the new tariffs as a result of retaliation.
AP Photo/Mark Schiefelbein
While the tariffs are unlikely to stem Chinese intellectual property theft or reverse the steep trade deficit, they are certain to hurt American companies and consumers.