Trade

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.

Tesla CEO Elon Musk said on the company's earnings call that its planned Gigafactory Mexico is on pause pending the U.S. election due to former President Trump's tariff pledge.

Nippon Steel announced that it hired former Secretary of State Mike Pompeo to advise the firm on its planned acquisition of U.S. Steel, which faces political and regulatory scrutiny.

Republican vice presidential nominee JD Vance slammed President Biden for his support of NAFTA and China receiving most favored nation status prior to it joining the WTO.

A federal judge in Louisiana granted a motion by energy-producing states to pause the Biden administration's ban on new LNG export projects due to its impact on those states' economies.

Tesla CEO Elon Musk on Thursday said that the Biden administration's tariffs on Chinese electric vehicles were not necessary in order for his company to remain competitive.

President Joe Biden announced higher tariffs on imports from China that cover products like EVs, solar panels, steel and aluminum, which will carry a price tag of roughly $18 billion.

After the U.S. restricted trade for 37 Chinese firms, some over security concerns, a spokesperson for China's foreign ministry accused the U.S. of abusing export control tools.

The U.S. Commerce Department revoked Intel and Qualcomm export licenses to Chinese firm Huawei after the blacklisted telecommunications firm unveiled a new AI-powered laptop.

Swiss Army Knife manufacturer Victorinox is planning new models of tools that will be bladeless to give the company access to markets where carrying a knife is restricted.