An early peek at President Joe Biden’s trade policy reveals it could put North America and its workers back on center stage.
“Both sides are under pressure to maintain a hawkish stance as domestic politics don't allow for yielding ground to someone else.”
The WTO sided with a complaint from China over tariffs imposed on about $234 billion in goods in 2018.
The move prompted a lawsuit from the U.S. jeweler to keep the deal on track.
Despite the preliminary trade deal with China, corporate tax leaders expect tariffs to be a pain in their side throughout 2020.
“Nike delivered another strong quarter of accelerating, high-quality growth, driven by strategic and targeted investment in our digital transformation."
The steelmaker has been pummeled amid trade uncertainty.
The discount retailer's shares fell more than 16% after it cut its outlook for the holiday season due in part to tariff costs.
Business economists dial back expectations for GDP growth, corporate revenue, and hiring, among other key economic indicators.
Slowing economic and global trade growth, as well as Brexit uncertainty, are the main drivers of the insolvencies.
“Further escalation of trade tensions and associated increases in policy uncertainty" could result in lower-than-expected growth next year, the IMF says.
The stock had risen 42% this year as the warehouse retailer benefited from strong consumer spending.
