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Bloomberg American drivers are poised to pump less for the first time in six years. US gasoline demand is expected to fall by 10,000 barrels a day in 2018 compared to last year, according to the Energy Information Administration. Overall consumption is forecast at 9.31 million barrels a day, the agency said in its monthly Short-Term Energy Outlook. The last ...

Bloomberg Donald Trump is snuffing out any chance for China to tap into the growing market for powering the supercars cruising around Malibu and Manhattan. The US administration’s latest 195-page list of an additional $200 billion in Chinese goods targeted for import tariffs includes seemingly obscure products such as benzene, toluene, xylene, methyl tertiary-butyl ether and butanol. These are typically ...

Bloomberg Any sharing of technology by Tesla Inc. with a Chinese partner as part of its expansion in the world’s largest electric-car market is a matter that’s “subject to negotiation,” a Shanghai government official said. “For technology transfer, it is a matter subject to negotiation between the enterprises,” Huang Ou, deputy head of the Shanghai government’s economy and information technology ...

Bloomberg Singapore Telecommunications Ltd. was around back when the telegraph was still cool. Now the 139-year-old company is experimenting with video games as a way to raise its profile with millennials. The telecom giant announced it plans to start a competitive gaming league this year and will eventually sponsor its own team. Esports may already be big business in markets ...

Bloomberg TVs bearing labels like Hisense or TCL have long been the go-to for bargain-hunters scouring Best Buy for deals. That may change real soon. Nestled among the thousands of knick-knacks, paraphernalia and foodstuffs Donald Trump’s targeting in his next salvo of punitive tariffs are a plethora of components and gear essential to televisions and displays — including the cubic ...

Bloomberg Natural gas, the cleanest and fastest-growing fossil fuel, has found itself in perhaps the oddest corner of the multi-billion dollar trade war between the world’s two biggest economies. When the US added duties to $34 billion of Chinese goods last month, China retaliated with its own list that included piped natural gas from the US. And when President Donald ...

Bloomberg US President Donald Trump is pushing his trade conflict with China towards a point where neither side can back down. By August 30, as the US nears mid-term elections vital for Trump’s legislative agenda, the White House will be ready to impose 10 percent tariffs on $200 billion of Chinese-made products, ranging from clothing to television parts to refrigerators. ...

Bloomberg US President Donald Trump’s assault on China’s trade policies will garner several high-profile advocates, as some of the world’s largest commercial regions will meet in Geneva to thresh out the ramifications of Beijing’s entrance into the World Trade Organization (WTO) 17 years ago. Chinese representatives will say things are going well and that the nation is taking steps to ...

Bloomberg The US should build a global alliance to tackle China on unfair trading practices instead of using spurious national security claims to impose tariffs that also hurt allies, said former US Treasury Secretary Jacob J. Lew. Lew said that the US is in danger of abandoning the global economic order it helped to build. He also said the US ...

Bloomberg Investors’ confidence in the euro area and Germany took another knock as the escalation of trade tensions between the US and many of the world’s major economies cast a cloud over improving data. The ZEW Center for European Economic Research said its measure of investor expectations for Germany fell to minus 24.7 in July from minus 16.1 in June, ...