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 ...
Even as Trump claims two victories on trade, doubts remain
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 ...
U.S.-Iran tensions may hit China's economy
China's economy, which this past week reported its lowest annual economic growth in nearly 30 years amid a prolonged trade dispute with the United States, is faced with a new troubling source of U.S.-related instability: rising tensions in the Middle East. The U.S. airstrike that ...
Round one to Trump in U.S.-China trade war
The U.S. president emerges with the economy intact and his credibility enhanced.
China's GDP growth for 2019 slowest in three decades at 6.1%
China's economy weakened to deliver its slowest pace of growth in three decades in 2019, as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday. Gross domestic product for the world's second-largest economy grew by 6.1 percent ...
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, 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 ...
China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, a target that could provide a much-needed boost for plane-maker Boeing but ...
U.S. to lift China currency manipulator tag ahead of trade deal
Washington's abrupt declaration Monday that China is no longer a currency cheat — two days before the signing of a trade deal with Beijing — shows how U.S. President Donald Trump has turned a routine technical report on foreign exchange into a political cudgel. "It's ...
China's trade surplus with U.S. dropped 8.5% to $296 billion in 2019
China's trade surplus with the United States narrowed last year as the world's two biggest economies exchanged punitive tariffs in a bruising trade war, data showed Tuesday, just as the two prepare to sign a deal dialing down tensions. The huge difference in trade traffic ...
Harvard scholar Joseph Nye sees role for Japan in U.S.-China 'cooperative rivalry'
Japan could play a "very important role" in balancing the "cooperative rivalry" between the United States and China, renowned American scholar Joseph Nye said in a recent interview. The Harvard University professor is skeptical about describing the current tensions between the world's two largest economies ...
Tsai's election victory set to bolster Taiwan's buoyant markets
A winning run for Taiwan's financial markets is set to be reinforced by Saturday's landslide election victory for President Tsai Ing-wen. That's the view of market watchers and analysts, with the result seen helping extend what has been a positive period of investor sentiment toward ...
