Rush to Beat Trump Tariffs Turns Into Another Headwind for China

By Enda Curran and Shawn Donnan (Bloomberg) -- Warehouses in southern California are full to bursting with Chinese goods rushed across the Pacific ahead of President Donald Trump’s tariff deadlines. “It’s been quite a run in the last six months,’’ says Phillip Sanfield, a spokesman for the Port of Los Angeles, which ended 2018 with its busiest December on record with the … [Read more...]

Senate Democrats Question Offshore Drilling Leasing Work Amid Shutdown

Jan 23 (Reuters) - U.S. Senate Democrats are questioning the legal basis of the Trump administration's move to continue work on its five-year offshore drilling plan during the partial federal government shutdown. In a letter sent on Tuesday to David Bernhardt, the Department of Interior's acting secretary, and Walter Cruickshank, acting director of the Bureau of Ocean Energy … [Read more...]

U.S. Judge Blocks Atlantic Seismic Oil Permitting During Shutdown

By Valerie Volcovici WASHINGTON, Jan 18 (Reuters) - A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda. Judge Richard Gergel of the U.S. District Court in South Carolina issued the decision in response to … [Read more...]

U.S. Government Shutdown Drags Into Fourth Week Amid Stalemate

By Jeff Mason WASHINGTON, Jan 14 (Reuters) - President Donald Trump on Monday rejected a Republican call for temporarily reopening shuttered U.S. government agencies to encourage negotiations with Democrats over border security issues, as a partial government shutdown limped through its 24th day. About one-quarter of federal government operations have been shut down by … [Read more...]

U.S. Sees Trade Deal Within Reach as China Dispatches Top Aide

By Andrew Mayeda, Kasia Klimasinska and Jenny Leonard (Bloomberg) -- The Trump administration expressed optimism it can reach a “reasonable” trade deal with China as President Xi Jinping dispatched one of his top aides to negotiations in Beijing on a lasting truce to a conflict that has roiled financial markets. “There’s a very good chance that we’ll get a … [Read more...]