trade deal

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With news of a tentative trade deal between the U.S. and China, Iowa U.S. Senator Chuck Grassley says he welcomes progress — but with a healthy amount of caution.

Grassley, a Republican, says the initial information that’s being released on the accord “gives me hope, at least some hope” he tells Radio Iowa, that the partial deal can be turned into a “full deal.” “I’m also under no illusions that this is going to be easy,” Grassley says. “After decades of broken promises from the Chinese, there should not be an agreement based on trust.”

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Iowa's unemployment rate remained at 2.4% in April for the 10th month in a row.

Iowa Workforce Development reported Friday the jobless rate held steady, where it has been since July 2018.

Iowa has the nation's third-lowest rate, behind only Vermont and North Dakota, and tied with New Hampshire.

Nebraska's unemployment rate inched up to 2.9% in April, even though more people entered or re-entered the job market, the state labor commissioner said Friday.

The Nebraska figure had been 2.8% for eight months in a row.

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China announced today that it will raise tariffs on $60 billion in U.S. goods in retaliation for the U.S. decision to hike duties on Chinese goods.  President Donald Trump raised duties on $200 billion in Chinese products to 25% from 10%. The world’s two largest economies have struggled to sign a trade deal.  Iowa’s 4thdistrict congressman Steve King says he is disappointed that the US and China couldn’t reach a deal and understands the distress of farmers.  King says that’s why he is pushing hard for President Trump to approve the China trade deal.

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Iowa Sen. Charles Grassley says Congress won't consider a new trade deal with Mexico and Canada until President Donald Trump lifts tariffs that have prompted other countries to take actions that have hurt U.S. farmers.

Speaking today with reporters, Grassley said Trump must end steel and aluminum tariffs before Congress will ratify a United States-Mexico-Canada trade agreement. Farmers in Iowa and across the country have been hurt by reciprocal tariffs placed on agricultural products, including pork and soybeans.