Top U.S. and Chinese trade negotiators held productive talks in Beijing on Wednesday, the American side said, as the economic superpowers head toward an endgame in a dispute that has hit businesses with bruising tariffs. Chinese Vice Premier Liu He, a close aide to President ...
Any agreement reached during U.S.-Japan trade talks in Washington will include a requirement to refrain from manipulating currencies to gain an advantage in international trade.
Trump's team attempts to reassure markets Federal Reserve Chairman Jerome Powell's job is safe
Trump administration officials moved to reassure financial markets that Federal Reserve Chairman Jerome Powell's job is safe following a report that said President Donald Trump has repeatedly discussed firing the central bank chief after last week's Fed rate hike. Treasury Secretary Steven Mnuchin said in ...
U.S. Treasury Secretary Steven Mnuchin's bid to calm markets risks making bad situation worse
Treasury Secretary Steven Mnuchin looked to quash big-bank worries over plunging stock markets and reports that President Donald Trump might move on his Federal Reserve chief by assuring the financial community Sunday that market liquidity is in good shape. Some market participants, however, questioned why ...
U.S. budget deficit hits highest level in six years, reaches $779 billion amid Trump borrowing spree
The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending. The Treasury Department said Monday that the deficit ...
Japan has no plan to discuss foreign exchange in U.S. trade talks
The minister in charge of trade talks with the United States said Sunday that Japan has no intention of discussing measures to prevent competitive currency devaluations. "There were no talks on foreign exchange in the joint statement and during the Japan-U.S. summit (in September)," Japan's ...
U.S. wants deal with Japan to avoid competitive currency devaluations
U.S. Treasury Secretary Steven Mnuchin says Washington seeks to include an agreement to prevent competitive currency devaluations in any trade deal it strikes with Japan.
U.S. ramps up pressure on Caracas with sanctions, warns Venezuela military could oust Maduro
The United States cranked up the pressure on Venezuela's President Nicolas Maduro on Tuesday, imposing sanctions on his wife and more of his inner circle and issuing harsh warnings about his vulnerability to an overthrow. President Donald Trump said the "repressive regime" in Caracas that ...
Trump administration steps up communications with China as tariffs loom
The Trump administration has stepped up its communications with China over trade, the White House's top economic adviser said on Wednesday, as people familiar with the effort said an invitation for a new round of trade talks was sent to Beijing. The invitation from senior ...
No chance for currency war despite Trump tweets, Treasury chief assures
U.S. Treasury Secretary Steven Mnuchin says there's no chance of a currency war erupting. When asked whether investors should be concerned about the prospects of one, he said "no," declining to elaborate during a press conference in Buenos Aires on Sunday. He was in the ...
As tariff deadlines loom, world watches U.S. and China to see who blinks first
The U.S. and China's high-stakes game of economic "chicken" is set to reach a critical juncture in the next two weeks, as the world's largest trading partners approach deadlines on tariffs and other barriers that may determine who blinks first. The Treasury Department on Friday ...
U.S. trade mission travels to China seeks structural changes to its economy: Mnuchin
The United States wants trade talks in Beijing this weekend to result in structural changes to China's economy, in addition to increased Chinese purchases of American goods, U.S. Treasury Secretary Steven Mnuchin said on Saturday. U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday ...
