Department of Commerce Awards $600,000 to Help Northeast Ohio Address Economic Downturn

  The U.S. Department of Commerce recently announced a $600,000 investment to help Northeast Ohio address the economic downturn in the region caused by the closure of the General Motors Lordstown facility and the decline in the coal economy. In a press release, the DOC said its Economic Development Administration…

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US-China Trade Dispute Triggering Production Exodus

by Joyce Huang   U.S. tech giant Apple has reportedly asked its major suppliers, mainly China-based manufacturers from Taiwan, to consider moving 15 to 30% of their production outside of China to avoid higher tariffs imposed on U.S.-bound exports. The production migration, which analysts say is already ongoing,will hurt the…

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Tim Ryan Claims Economy Will Be ‘Achilles’ Heel’ for Trump in 2020

  In a recent interview with USA Today, 2020 hopeful Rep. Tim Ryan (D-OH-13) predicted that the economy will be “an Achilles’ heel” for President Donald Trump in his reelection campaign. “I know that the president wants a campaign on the economy. But I’m going to campaign on the economy…

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Ohio Sees Record New Business Filings, Lowest Unemployment Rate in 18 Years

  Ohio Secretary of State Frank LaRose announced Friday that the first five months of 2019 marked the strongest start to a year for new business filings in state history. In May alone, 11,099 new entities filed to do business in Ohio. LaRose’s office revealed that 60,000 new businesses filed…

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Experts: Tariffs in the Offing for India as President Trump Wages War on ‘Unfair Trade’

by Michael Bastach   The Trump administration’s decision to rescind trade preferences with India could be a sign that more tariffs are on the horizon, experts say. U.S. trade officials announced Friday the end of special trade treatment on $6 billion worth of goods from India because the country has “not assured…

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China, Tariffs, Trade, Cost and Prices: An Explainer

by Rick Manning   Stock markets go up and down based upon the latest trade rumors. Predictions of price hikes make headlines, yet the inflation rate remains at the levels, 2.0 percent at last count, desired by the Federal Reserve. What is going on?  And is this even really a trade war with…

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Commentary: The Win-Win Scenario of Further ‘Retaliation’ by China

by Robert Romano   On May 10, the South China Morning Post published a report, “Will China use its US$1.2 trillion of US debt as firepower to fight the trade war?” speculating that China might have potential leverage against the U.S. after President Donald Trump levied 25 percent tariffs on a total…

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