From Reuters WASHINGTON (Reuters) – A White House trade adviser and a leading Republican senator said on Wednesday that a U.S. plan to impose tariffs on Mexican goods might not go into effect, offering hope for Mexico and American businesses concerned about economic damage from a new front in President Donald Trump’s trade wars. Adviser Peter Navarro told CNN that
From Bloomberg St. Louis Fed chief says trade war poses risk to U.S. economy, Bullard says yield curve may signal Fed policy is too tight The Federal Reserve may need to cut interest rates soon to prop up inflation and counter downside economic risks from an escalating trade war, St. Louis Fed President James Bullard said. “A downward policy rate
From AJOT/Bloomberg The Trump administration is proposing tariffs on goods from countries found to have undervalued currencies, in a move that would further escalate its assault on global trading rules. The proposal, laid out in a Federal Register notice released on Thursday, would let U.S.-based companies seek anti-subsidy tariffs on products from countries found by the U.S. Treasury Department to
From the Houston Chronicle President Donald Trump plans to get a first-hand look at the soon-to-be-opened Cameron LNG export terminal just a couple hours east of Houston. The president plans to visit the Hackberry, Louisiana liquefied natural gas facility on Tuesday where he is expected to give remarks about how the industry is creating jobs and boosting U.S. exports. Developed
From The Wall Street Journal The Trump administration’s proposal to vastly expand offshore oil and gas drilling has been sidelined indefinitely as the Interior Department grapples with a recent court decision that blocks Arctic drilling, according to Interior Secretary David Bernhardt. The ruling by a federal judge last month may force Interior officials to wait until the case goes through potentially lengthy appeals
From Bloomberg President Donald Trump is seriously considering waiving the requirement that only U.S. flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to people familiar with the deliberations. The issue was debated during an Oval Office meeting on Monday, following requests from Puerto Rico and pressure from oil industry leaders
From Bloomberg The biggest buyers of Iranian oil are being struck by deja vu, and it’s not conjuring up pleasant memories. Six months ago they were scrambling to secure alternative supplies as the U.S. prepared to impose sanctions on Iranian oil exports, though last minute waivers eventually gave them a reprieve. Now, the Donald Trump administration says it won’t renew those same
From Bloomberg U.S. oil refiners, in line for a windfall from new ship-fuel rules, are taking steps to lock in the change quickly, concerned it could fall victim to President Donald Trump’s re-election push. Under the new rules, many shippers will switch to low-sulfur fuels, boosting competition and, potentially, increasing the price of diesel, jet fuel and heating oil. The
From Bloomberg Developers have been trying for six years to build a 124-mile natural gas pipeline from Pennsylvania to New York. Despite winning a federal approval in 2014, the project is still no closer to reality. Enter President Donald Trump, who on Wednesday is poised to issue an executive order to promote projects like the long-stalled Constitution Pipeline, according to
From Reuters U.S. President Donald Trump on Friday signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of the $8 billion project by a court in Montana. In granting the permission, Trump revoked a previous permit for the
From Bloomberg The Trump administration is considering taking steps to limit the ability of states to block interstate gas pipelines and other energy projects, according to three people familiar with the deliberations. The effort, possibly done through an executive order, is aimed chiefly at states in the Northeast U.S., where opposition to pipeline projects has helped prevent abundant shale gas
From The Wall Street Journal President Trump said Friday he had reached a deal with congressional leaders to reopen the government for three weeks while negotiations over border security funding continue, marking at least a temporary concession by the president to Democrats. Speaking in the Rose Garden, Mr. Trump said he would sign a bill to open the government until
