IMF upgrades Japan's growth forecast to 0.7% for 2020

Business / Economy Jan 21, 2020

IMF upgrades Japan's growth forecast to 0.7% for 2020

The International Monetary Fund is forecasting that Japan's economy will grow 0.7 percent this year, up 0.2 percentage point from its earlier estimate due to stimulus measures to mitigate the impact of the Oct. 1 consumption tax hike. The Washington-based institution also said global growth ...

Macron and Trump declare a truce in digital tax dispute

Business Jan 21, 2020

Macron and Trump declare a truce in digital tax dispute

French President Emmanuel Macron said Monday he had a "great discussion" with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries will work together to avoid a rise in tariffs. Macron and Trump agreed to hold off on ...

Even as Trump claims two victories on trade, doubts remain

Business Jan 20, 2020

Even as Trump claims two victories on trade, doubts remain

by Paul Wiseman

President Donald Trump's trade deal with China last week opened up export opportunities for American farmers, manufacturers and energy producers. And his trade pact with Canada and Mexico, approved Thursday by the Senate, could help restore some auto production in the United States. Yet perhaps ...

Doubts linger after U.S. and China ink initial trade deal

Business Jan 16, 2020

Doubts linger after U.S. and China ink initial trade deal

China will boost spending on U.S. products in exchange for rolling back of some tariffs under an initial trade deal signed by the world's two largest economies Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved. Beijing and Washington touted the "phase one" ...

Japan, U.S., EU propose new WTO subsidy rules

Business Jan 15, 2020

Japan, U.S., EU propose new WTO subsidy rules

Japan, the United States and the European Union on Tuesday proposed expanding a ban on market-distorting subsidies under World Trade Organization rules, a measure apparently targeted at China. The three economies hope to win support for the proposal from a wide range of WTO members ...

Trump says he'll sign first-step China trade deal on Jan. 15

Business Jan 1, 2020

Trump says he'll sign first-step China trade deal on Jan. 15

The first phase of a U.S.-China trade agreement will be inked at the White House in mid-January, President Donald Trump announced Tuesday, adding that he will visit Beijing at a later date to open another round of talks aimed at resolving other sticking points ...