Trade

President-elect Trump nominated Cantor Fitzgerald CEO Howard Lutnick to serve as commerce secretary, a source familiar with the process confirmed to Fox News Digital.

Former Home Depot and Chrysler Chairman Bob Nardelli claimed that CEOs are looking to move production out of China following Trump's landslide election win last week.

Billionaire hedge fund manager and Trump fundraiser John Paulson said that former President Trump's economic plan would help lower inflation in part by curbing excess spending.

Dockworkers suspended their strike at East and Gulf Coast ports after reaching a tentative deal, though it will take some time before the supply chain normalizes after the strike.

The strike by unionized dockworkers at East and Gulf Coast ports has ground coffee shipments to a halt, setting up a supply squeeze given the heavy U.S. reliance on coffee imports.

Data shows General Motors, Walmart and LG Electronics have the greatest exposure to the ongoing union dockworkers' strike impacting dozens of ports on the East and Gulf coasts.

The strike by unionized dockworkers at East and Gulf Coast ports has the potential to disrupt auto manufacturers' production due to delayed shipments of auto parts.

Federal law lets the president intervene in labor disputes to impose a "cooling off" period for negotiations, though President Biden doesn't plan to use that if there is a port strike.

Several leading business groups are urging President Biden to use his authority under the Taft-Hartley Act to restore operations at ports affected by the dockworkers strike.

Dockworkers at seaports on the East and Gulf Coasts went on strike Tuesday after negotiations with port employers over a new contract remained at an impasse.

International Longshoremen's Association on Sunday said workers are readying for the picket lines should a deal not be reached by end of day Monday.

Nippon Steel's bid to buy U.S. Steel was given the green light by an arbitration board tasked with reviewing the United Steelworkers union's complaints with the transaction.

The looming strike by about 45,000 ILA dockworkers at ports on the East and Gulf coasts would affect a variety of products imported and exported at the 36 seaports at risk of stoppages.

Former President Trump said he'll impose 200% tariffs on John Deere's imported products if it shifts production from the Midwestern U.S. to Mexico as previously announced.

Nippon Steel and U.S. Steel are pushing back on reports their merger would undermine U.S. national security amid reports the Biden-Harris administration is preparing to block the deal.

Canada's two major railroads locked out nearly 10,000 workers on Thursday after labor talks with the Teamsters union broke down. The shutdowns could be felt throughout North America.

Moscow tried to tackle its financial needs by shifting over to ally currencies, but struggled to skirt the threat of secondary sanctions due to the use of dollars and euros globally.