The Commerce Department has been flooded with almost 19,000 requests so far to have products excluded from Trump’s steel and aluminum tariffs. Companies are resorting to unconventional means to persuade the administration that the duties will hurt...
Senate Majority Leader Mitch McConnell indicated he doesn’t want to bind the president, even as he has concerns about the impact of tariffs on his home state of Kentucky.
The German data showed that orders from the euro zone fell almost 10%. Capital goods plunged 16%.
The latest figures suggest trade is on track to contribute to a projected pickup in U.S. economic growth in the second quarter.
The White House appeared unfazed by threats from allies as Group of Seven summit approaches.
Activity is holding up even as debt curbs, trade tensions with the U.S. and political strife from Turkey to Italy cloud the overall outlook.