China Energy Investment Corp. pledged almost $84 billion in shale gas and chemical manufacturing projects across West Virginia after President Donald Trump’s trade mission to Beijing in November, but when it came time to discuss details officials were a no-show. The chief executive and other officers of the world’s largest power company canceled a visit to a petrochemical conference in Pittsburgh, where the projects were to be discussed, casting doubt on their fate amid an escalating trade war between the U.S. and China. “In light of the ongoing dispute between the U.S. and China on trade, the China Energy team decided right now is not the right time for them to come and visit,” said Brian Anderson, director of the West Virginia University Energy Institute, an arm of the school that recently signed an memorandum of understanding to work collaboratively with China energy on research and training programs.
China trade fight puts billions in U.S. energy projects in doubt
General Motors warned Friday that new auto tariffs would undermine its ability to compete. Shares of the US's largest automaker fell 2% after the comments were filed. "At some point, this tariff impact will be felt by customers," the company said in a filing with the US Commerce Department. Follow GM's stock price in real-time here.
GM WARNS: Trump's tariffs 'undermine our ability to compete' (GM) | Markets Insider
President Donald Trump reportedly wants to yank the US out of the World Trade Organization, a move that would upend the decades-old international trading order. Jonathan Swan at the news website Axios cited an anonymous source Friday as saying Trump had repeatedly asked his advisers about pulling the US out of the WTO and had said the rest of the world used the organization to "screw the United States."
Trump wants out of World Trade Organization, WTO, but it's unlikely - Business Insider
President Trump on Sunday refused to back down on his administration’s tariffs against U.S. allies, arguing that the European Union is “as bad as China” in its trade policies. Trump appeared on Fox News’s “Sunday Morning Futures,” where host Maria Bartiromo asked if he’d considered teaming up with U.S. allies to combat China’s trade policies. “The European Union is possibly as bad as China, just smaller. It’s terrible what they do to us,” Trump said. “I love those countries, Germany, and all of the countries. Scotland. ... But they treat us very badly. They treat us very unfairly,” he added, noting that "my parents were born in the European Union." Trump's mother was born in the United Kingdom, while his father was born in New York City. Trump continued to rail against American trade deficits with other countries, arguing that each of those nations should be subject to tariffs, regardless of broader alliances.
Trump: European Union is 'possibly as bad' as China on trade | TheHill