New US-China Trade War Looms Over Coronavirus Pandemic
Tensions between China and the United States are rapidly escalating into a possible trade war with Beijing and Washington accusing each other of responsibility for the coronavirus outbreak.
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Mexico and the EU agree to new free-trade deal
The EU and Mexico agreed to a new free-trade deal Tuesday after four years of negotiations, the Financial Times reported. The deal provides that almost all trade between Mexico and the EU bloc will be duty-free.
American companies moving away from China as main supplier
A new report shows the “dramatic reversal” of a five-year trend as US companies commanded a considerably larger share of manufacturing in 2019 than the 14 Asian exporters that were tracked for the study. According to the seventh annual Reshoring Index report by global manufacturing consulting firm Kearney, Chinese exporters suffered the greatest losses.
EU chief rejects Johnson’s idea of loose UK trade deal
The European Union will only offer Britain unique access to its vast single market if the U.K. agrees to stick to the bloc’s standards, European Commission President Ursula von der Leyen said Tuesday, dismissing British Prime Minister Boris Johnson’s idea of brokering a loose trade deal with the EU.
White House mulls new trade weapon for EU talks: ‘Carousel’ tariffs
The Trump administration is reportedly considering a novel source of leverage against the European Union in seeking a trade deal: ‘carousel’ retaliation, meaning tariffs applied to a shifting set of products.
China Cuts Tariffs on $75 Billion of US Imports
China cut tariffs on $75 billion of U.S. imports including soybeans, pork and auto parts Thursday in a trade truce with Washington while Beijing struggles with a costly virus outbreak.
US Trade Deficit Drops 1.7% Last Year to $616.8 Billion
The U.S. trade deficit fell for the first time in six years in 2019 as President Donald Trump hammered China with import taxes.
Trump Says Tariffs on European Cars Are Coming If Trade Deal Falls Through
President Donald Trump told reporters on the sidelines of the World Economic Forum in Switzerland that if an expected trade deal with the European Union falls through, he would press ahead with tariffs on European cars.
US threatens tariffs on Europeans unless Iran nuke deal scrapped
Iran accused European governments Thursday of sacrificing a troubled 2015 nuclear deal to avoid trade reprisals from US President Donald Trump, who has spent nearly two years trying to scupper the agreement.
Doubts linger after U.S. and China sign initial trade deal
China will boost spending on U.S. products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved.
U.S., China set to sign massive purchases deal, easing trade war
The U.S.-China trade war is set to enter a new, quieter phase on Wednesday as U.S. President Donald Trump and Chinese Vice Premier Liu He sign an initial trade deal that aims to vastly increase Chinese purchases of U.S. manufactured products, agricultural goods, energy, and services.
Trump says US and China to hold signing ceremony for phase-one trade deal
President Donald Trump said Tuesday that the US and China would hold a formal ceremony to ink an interim trade agreement to defuse a tit-for-tat dispute between the two sides.
President Trump Ends WTO Dispute Resolution Court, Opens New Era of Fair Trade
When President Trump ended the 24-year-old World Trade Organization (WTO) dispute resolution court by refusing to name two replacement judges, the move has launched a new era of fair trade.
Kudlow: U.S.-China deal ‘absolutely’ done, U.S. exports to China will double
The so-called Phase One trade deal between Washington and Beijing has been ‘absolutely completed,’ a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement.
Trump reaches preliminary trade agreement with China
The Trump administration announced Sunday that it would drop its plans to impose tariffs on $160 billion of Chinese goods in exchange for Chinese investment in American farming as part of the promised trade deal between the two nations.
China to buy $50 billion in U.S. farm products in return for tariff concessions-U.S. sources
The White House has agreed to suspend some tariffs on Chinese goods and reduce others in return for Beijing’s pledge to hike purchases of U.S. farm products in 2020, sources said on Thursday, taking a step towards de-escalating the trade war between the world’s two biggest economies.
Trump Signs Off on Trade Deal With China to Avert 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 of consumer goods from the Asian nation, according to people familiar with the matter.
China’s Unexpected Export Drop Shows Why It Wants a Trade Deal
The unexpected drop in China’s exports in November shows one reason why the nation wants to agree on a phase one trade deal – U.S. tariffs are hurting China’s exports at a time when global demand is already weak.
Trump’s US-Japan trade deal wins Japan parliament approval
Japan’s Parliament on Wednesday approved a trade deal that was agreed upon by President Donald Trump and Japanese Prime Minister Shinzo Abe earlier this year.
France fights back over U.S. tariff threat to champagne, cheese
France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.