Bloomberg The US trade deficit narrowed in December for the first time in three months, a modest improvement that nonetheless left the gap for all of last year at its widest since 2012. The monthly shortfall shrank 3.2 percent to $44.3 billion, Commerce Department figures showed on Tuesday. The median forecast in a Bloomberg survey of economists called for …

  Bloomberg As Washington mulls a tax on imports, an auto industry study suggests the policy would deliver the sharpest blow to Tata Motors Ltd.’s Jaguar Land Rover while giving a leg up to Tesla Inc. and Ford Motor Co. In what it calls a “thought exercise,” researcher Baum & Associates LLC estimates most automakers would need to raise vehicle …

  TAICHUNG / AP Seeking to revive its long-dormant aerospace industry, Taiwan on Tuesday launched a $2.1 billion investment in the production of air force jet trainers to be designed and manufactured on the island to counter Chinese military and diplomatic pressure. President Tsai Ing-wen presided over a ceremony in the central city of Taichung to inaugurate the project, which …