Government and Trade

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Government and Trade

China to Slash Import Tariffs

The country will cut tariffs on items including skincare products and Western-style clothes, potentially giving a fillip to global brands and bolstering domestic consumption amid faltering economic growth.

President Obama, Markets, TTP

Senate Passes TPA

The Senate passed the controversial presidential Trade Promotion Authority bill on Friday night, defeating amendments that threatened to derail it and handing a hard-won victory on trade to President Obama.

A view of the Ports of Los Angeles.

West Coast Port Workers Approve Contract

Union members ratified a five-year contract that expires in 2019 and is retroactive to July 1, 2014.

Men’s Prices Tilt Apparel CPI to the Negative in April

The overall CPI rose a seasonally adjusted 0.1 percent in April.

President Obama, Markets, TTP

Senate Takes Next Step Toward TPA Passage

The Senate vote of 62 to 38 passed a 60 vote-threshold needed to move past a final procedural hurdle on TPA.

Study: Luxury Seen Growing 2-4% in 2015

Bain & Co. and Fondazione Altagamma see volatile currencies tempering the sector.

Surging Clothing Demand Boosts U.K. Retail Sales

Sales of apparel and footwear gained 5.2 percent in April, the biggest increase since 2011.

West Coast Port Worker Union to Vote on New Contract Friday

The Pacific Maritime Association, which represents 72 cargo carriers, terminal operators and dockworkers, said late Wednesday it ratified the contract.

Japan Q1 GDP Beats Estimates

Japan's economy expanded for a second straight quarter, beating forecasts as businesses increased spending and built up inventories after a recession last year.