trade

Lawmakers are back on Capitol Hill on Monday after an extended summer recess with a short window to tackle major legislative priorities before the 2020 presidential campaign takes center stage.

Screenshot / The Florida Channel

During the start of his weeklong trade trip to Israel, Gov. Ron DeSantis said South Florida has one thing in common with Tel Aviv.

“Tel Aviv is worse than Miami traffic,” he told reporters Monday.

Questions Raised Over Florida Cabinet Meeting In Israel

May 22, 2019

Republican Florida Gov. Ron DeSantis is going to Israel with a large contingent of business leaders — not surprisingly, especially as the GOP woos Jewish voters ahead of the 2020 presidential election. But DeSantis' plan to hold a meeting with his elected Cabinet while he's there has raised concerns about whether officials are violating the state's open-meeting laws. 

For the last 15 years, Addgene has dedicated itself to accelerating medical research. The nonprofit in Watertown, Mass., does so by sharing research materials globally, like chromosomal DNA, used in the search for breakthrough medical cures.

That could soon change.

The prices of the things we buy, from floor lamps to canoes and bicycles, are slated to go up, literally overnight, as the Trump administration makes good on a promise to raise tariffs on $200 billion worth of imported Chinese products.

Golasso / Creative Commons

Florida Gov. Ron DeSantis recently announced that he will be heading a trade mission to Israel in May. He will be joined by Florida's Cabinet -- Attorney General Ashley Moody, Commissioner of Agriculture Nikki Fried, and Chief Financial Officer Jimmy Patronis. An official meeting of the Florida Cabinet will take place at the U.S. Embassy in Jerusalem during the visit.

courtesy: AutoNation

Mike Jackson used to shovel horse manure for one dollar a stall. He wound up leading a company selling over half a million new and used cars and trucks a year.

In March, Jackson stepped aside from CEO of AutoNation, the position he held for 20 years. AutoNation is one of South Florida’s largest publicly traded companies -- worth almost $3.5 billion. And Florida is its most important market, with quarter of its revenues coming from auto dealers it owns here.

Updated at 12:41 p.m. ET

The Trump administration is preparing to slap tariffs on billions of dollars' worth of imports from Europe, in retaliation for what it calls unfair subsidies of Airbus jets. The proposed tariffs would cover not only aircraft but also wine, cheese, woolen suits and other signature European products.

Updated at 3:45 p.m. ET

The U.S. and Canada reached a deal to replace the North American Free Trade Agreement, signed a quarter-century ago, with a new pact that the Trump administration says is easier to enforce.

In remarks in the Rose Garden formally announcing the agreement, President Trump called it "the most important trade deal we've ever made by far."

Ahead of a midnight deadline set by the White House, Trump approved changes that essentially revamp the 1993 NAFTA deal, bringing Canada on board after Mexico had already agreed in August.

Updated at 11:01 a.m. ET

Hours after President Trump announced tariffs on $200 billion in Chinese goods, China responded with its own levies on $60 billion worth of U.S. products.

Chinese state television on Tuesday reported that the government has decided to impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday. The tariffs will apply to 5,207 items.

Updated at 6:43 p.m. ET

President Trump announced Monday that he is ordering 10 percent tariffs on $200 billion worth of imports from China.

Trump also threatened to add tariffs on about $267 billion of additional imports if China retaliates against U.S. farmers or other industries.

It's the latest round of an escalating trade dispute between the two countries.

Updated at 5:40 p.m. ET

The United States and Mexico have reached an "understanding" on several critical trade issues following bilateral talks to renegotiate the North American Free Trade Agreement. They will now likely re-engage with Canada to reach a final deal on NAFTA, a primary goal of the Trump administration.

Speaking at the White House on Monday, President Trump said he wanted to change the NAFTA name to the U.S. Mexico Free Trade Agreement. He also reframed the negotiations as two bilateral trade deals.

Lily Oppenheimer / WLRN

At 6 a.m. on a recent Thursday morning, Ernie Piton and his son dragged wooden lobster traps across their dock in Key Largo. They stabbed sharp wires through ripe, glossy fish heads, preparing for the grind of baiting and checking Florida spiny lobster traps. As the fishermen turned the key, rumbling their boat to life, they hoped for a good haul.

President Trump has said he has "low expectations" ahead of a summit with Russia's Vladimir Putin, and added that he sees the European Union as a "foe" of the U.S.

He made the comments in an interview with CBS that aired on Face the Nation, during a visit to Europe that has tested relations with some of the U.S.'s most important allies.

Congressional Republicans are growing increasingly worried that President Trump is on the verge of a trade war with China. But they're also realizing there is almost nothing they can do to stop him.

House Speaker Paul Ryan, R-Wis., put it bluntly during an event at The Economic Club of Washington on Thursday.

"You would have to pass a law to say don't raise those tariffs and the president would have to sign that law," Ryan said. "That's not going to happen."

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