OTTAWA (Reuters) - Canadians outraged by U.S. President Donald Trump’s attack on their prime minister have called for a consumer boycott targeting the United States, but indignation may be hard to sustain in a nation enamored by U.S. popular culture and larded with American goods. FILE PHOTO: Canada's Prime Minister Justin Trudeau (R) meets with U.S. President Donald Trump during the G7 Summit in the Charlevoix town of La Malbaie, Quebec, Canada, June 8, 2018. REUTERS/Christinne Muschi A push for some sort of reprisal in response to Trump’s personal attack on Justin Trudeau has gained force since Canada’s Parliament on Monday condemned weekend broadsides from its ally amid an escalating trade dispute. While Trudeau himself has kept a low profile since the U.S. attacks, Canadians incensed on his behalf have zeroed in on a pocketbook response. How better to signal the national wrath than by cutting trade and travel with the United States? All kinds of … [Read more...] about Anti-U.S. consumer boycott? Canadians may find it hard to pull off
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BEIJING (Reuters) - For China to slash its record trade surplus with the United States by up to $200 billion annually, it would have to buy the equivalent of more than 600 Boeing (BA.N) airliners every year. FILE PHOTO: The YM Bamboo, a container ship operated by the China Ocean Shipping Company (COSCO) is docked at the Port of Oakland in Oakland, California January 14, 2011. REUTERS/Beck Diefenbach/File Photo U.S. officials said on Thursday that China was offering U.S. President Donald Trump a package of trade concessions and additional purchases of U.S. goods that would cut the U.S. trade deficit with China by as much as $200 billion a year. But that number would be difficult to hit over several years, let alone one, experts say. It is larger than all of the United States’ agricultural and oil exports combined, and would mean selling China nearly nine out of every 10 aircraft Boeing made in 2017. Talk of the reported offer came on the first of two days of … [Read more...] about Cutting $200 billion from U.S.-China trade deficit is a tall order
DETROIT — Automakers posted mixed U.S. new vehicle sales data for January, with American consumers continuing to abandon passenger cars for the larger pickup trucks, SUVs and crossover models that manufacturers also love because they are far more profitable.Total industry auto sales for the month rose 1 percent versus January 2016. According to Autodata Corp, which tracks industry sales, the seasonally adjusted annualized rate (SAAR) of U.S. car and light truck sales in January fell to 17.12 million units from 17.44 million a year earlier.Analysts polled by Reuters had expected a January SAAR of 17.2 million units.U.S. auto industry sales fell 2 percent in 2017 to 17.23 million vehicles after hitting a record high in 2016 and are expected to drop further in 2018 despite a solid economy. Interest rates are rising and around 4 million late-model used cars will return to dealer lots this year to compete with more expensive new ones.Automakers have used consumer discounts to boost … [Read more...] about Trucks, SUVs — and Camry — shine in mixed U.S. January vehicle sales
DETROIT — Fiat Chrysler Automobiles said on Thursday it will shift production of Ram Heavy Duty pickup trucks from Mexico to Michigan in 2020, a move that lowers the risk to the automaker's profit should President Donald Trump pull the United States out of the North American Free Trade Agreement.Fiat Chrysler said it would create 2,500 jobs at a factory in Warren, Michigan, near Detroit, where the Ram 1500 is currently built, and FCA will invest $1 billion in the facility. The Mexican plant will be "repurposed to produce future commercial vehicles" for sale global markets. Mexico has free trade agreements with numerous countries.Fiat Chrysler Chief Executive Sergio Marchionne a year ago raised the possibility that the automaker would move production of its heavy-duty pickups to the United States, saying U.S. tax and trade policy would influence the decision.If the United States exits NAFTA, it could mean that automakers would pay a 25 percent duty on pickup trucks assembled in … [Read more...] about FCA shifts Ram Heavy Duty trucks from Mexico to U.S., creating 2,500 jobs
The Ford EcoSport became the first vehicle made in India to be sold in the U.S. when it quietly went on sale this month, arriving a little late to the subcompact crossover party. The nameplate has been around since 2003 and the current one has been on sale since 2014 -- it's hardly new -- and this Fiesta-based CUV has been a hit in many world markets. The decision to offer the EcoSport was sparked by the unexpected surge in demand for compact crossovers more than five years ago.Powered by a choice of a 1.0-liter turbocharged three-cylinder producing 123 hp and 125 lb-ft of torque driving the front wheels or a 2.0-liter four-cylinder good for 166 hp and 149 lb-ft of torque driving all four wheels, each paired with a six-speed automatic transmission, the EcoSport is offered in four trim levels with a starting price of $20,990 for the base S trim. Standard features on the base trim include a 4.2-inch infotainment screen and 16-inch aluminum wheels, among other items. The top SES trim … [Read more...] about Ford EcoSport becomes first Indian import to be sold in the U.S.