The Organization for Economic Cooperation and Development predicted the pace of global expansion to slow to 3.1% this year, with annual expansion in the U.S. wilting to 1.6% next year.
Author: Bloomberg News
PepsiCo Is Near $1.5 Billion-Plus Deal for Soda Brand Poppi
PepsiCo Inc. is in advanced talks to buy healthier soda brand Poppi, according to people with knowledge of the matter.
Canada to Unveil New Tariffs Against $21 Billion of US Goods
Canada announced new 25% counter-tariffs on $20.8 billion of U.S.-made items after the Trump administration went ahead with global levies on imports of steel and aluminum.
Canada’s New Leader: Tariffs Remain Until US Shows ‘Respect’
Canada will keep in place its retaliatory tariffs against U.S.-made products as long as President Donald Trump persists with a trade war, said Mark Carney.
Walmart Asks Chinese Suppliers for Big Price Cuts on Tariffs
Walmart has asked some Chinese suppliers for major price reductions, with the retail giant’s efforts to shift the burden of tariffs facing strong pushback from firms in the Asian nation.
Saudi Aramco Might Bid for BP’s Castrol Lubricant Assets
Saudi Aramco is considering a potential offer for BP’s Castrol lubricant assets, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries.
Trump to Decide on Canada, Mexico Relief Today, Lutnick Says
President Donald Trump is set to announce changes to the tariffs on Canada and Mexico, with potential relief for autos and other sectors, Commerce Secretary Howard Lutnick said March 5.
Shipping Executives in Crisis Mode Over Tariff ‘Earthquake’
Global shipping executives gathered this week in Long Beach, Calif., for a major annual conference, then found themselves in crisis mode.
Trump’s Trade Policy Sparks Worries Over Food Prices
Plans to impose duties on American agriculture imports will boost the price of fruit and vegetables as well as sugar, coffee and meat. Executives have said consumers are pinching pennies.
Trump’s Oil Tariffs Set to Reshape Global Trade Flows
The world’s supply lines for cargoes of oil and fuel, which typically crisscross the globe, are about to get redrawn thanks to U.S. President Donald Trump’s sweeping tariffs.