Author: Bloomberg News

President Donald Trump said he would terminate the North American Free Trade Agreement and sign a new trade accord with Mexico, potentially leaving Canada out of the bloc.

The United States and Mexico moved closer toward a consensus on how to forge a new North American Free Trade Agreement even though key obstacles remain, according to several people familiar with the matter on both sides.

China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending U.S. sanctions threaten to disrupt global crude trade.

China confirmed that it will impose 25% additional tariffs on $16 billion worth of imports from the United States from Aug. 23, matching an earlier move from Washington in another ratchet higher for the trade war between the nations.

Elon Musk said he’s considering taking Tesla Inc. private in a radical step that would ease pressure on the money-losing automaker.

China announced a list of $60 billion worth of U.S. imports it plans to apply tariffs on should the Trump administration follow through with its latest trade threats.

Contract signings to purchase previously owned U.S. homes rose for the first time in three month in June, data from the National Association of Realtors showed.

A group of Chinese startups is accelerating efforts to get autonomous vehicles onto roads in the world’s biggest auto market, a country its American peers from Alphabet Inc.’s Waymo to General Motors Co.’s Cruise may find tough to crack.

JB Hunt Transport Services Inc. Chief Financial Officer David G. Mee sold $744,129 of shares, according to a filing with the U.S. Securities & Exchange Commission.

Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition of Orient Overseas International Ltd. announced last year.