Trump signs off on phase-one U.S.-China trade deal, averting December tariffs
President Donald Trump signed off on a so-called phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion in consumer goods from the Asian nation, according to people familiar with the matter. The deal ...
U.S. stocks on Thursday sailed to their first record closes of December, lifted by media reports that Washington and Beijing had struck a trade bargain at last. Two of the three main indexes closed with new records: the broad-based S&P 500 gained 1 percent to ...
ADB downgrades 2019 and 2020 growth forecast for developing Asian nations
The Asian Development Bank expects slower growth than expected for developing nations on the continent this year and next, it said in a report Wednesday, citing weakening domestic investment due to external factors such as the U.S.-China trade war for its 5.2 percent expansion ...
Trump's Dec. 15 China tariffs threaten a long list of Christmas favorites
U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China. The White House's top economic and trade advisers, ...
The fate of the World Trade Organization's top court was effectively sealed on Monday after the United States said it would not back a proposal to allow it to continue, trade officials said, although the WTO chief vowed to find a solution. The Trump administration ...
China will waive some tariffs on U.S. soybeans and pork in a goodwill gesture
China on Friday confirmed that it will waive import tariffs for some soybeans and pork shipments from the United States as the two sides try to thrash out a broader agreement to defuse their protracted trade war. The tariff waivers were based on applications by ...
Fearing worsening trade friction, Chinese tech firms stockpile U.S. chips
China is stockpiling U.S. computer chips, a sign that tech companies there are preparing for worsening trade relations that could lead to being cut off from American technology. Chinese imports of American semiconductors, integrated circuits and the equipment to make them have risen strongly in ...
U.S. likely to hit China for human rights record over Uighur crackdown despite trade talks
Congress is poised to hand President Donald Trump a second chance in less than a month to anger the Chinese government and attack its record on human rights as he tries to deliver a long-sought trade deal with Beijing. Members of the Senate said Thursday ...
Renewed hopes of U.S.-China trade deal push Wall Street higher
Wall Street was set to break a three-day losing streak on Wednesday, following a report that the United States and China were moving closer to signing a "phase one" trade deal. Washington and Beijing were close to agreeing on the amount of tariffs to be ...
Trump says China trade deal may have to wait until after 2020 presidential election
U.S. President Donald Trump said Tuesday a trade deal with China might have to wait until after the U.S. presidential election in November 2020, denting hopes that the two largest economies would soon reach an initial deal to ease their damaging trade war. "I have ...
Japan corporate sales drop for first time in three years on China slowdown
Corporate sales fell for the first time in three years in the July-September quarter, pressured by China's economic downturn and dips in petroleum product prices, government data showed Monday. Combined sales of domestic companies dropped 2.6 percent from a year earlier to ¥349.50 trillion ($3.19 ...
China wants U.S. tariffs rolled back in phase one trade deal, Global Times reports
Beijing's priority in any phase one trade deal with the United States is the removal of existing tariffs on Chinese goods, China's Global Times newspaper said on Sunday, amid continued uncertainty on whether the two sides can strike a deal. "Sources with direct knowledge of ...
