U.S. and Chinese officials are ‘close to finalizing’ some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.
India and Pakistan exchanged fire across the de facto border of the disputed Kashmir region while blaming the other for instigating the shelling that killed at least nine people.
The United States on Friday imposed a range of punitive tariffs on European goods.
A key measure of consumer spending unexpectedly dropped for the first time in seven months in September, raising concerns about one of the brightest spots in the US economy.
The Washington, DC City Council will consider legislation to fully decriminalize the sex trade in the District of Columbia. A public hearing on the proposed bill is scheduled for Oct. 17.
Russia and Saudi Arabia signed a package of deals valued at $2 billion during President Vladimir Putin’s visit to the kingdom on Monday – just days after the Trump administration announced it would deploy another 3,000 U.S. troops to Saudi Arabia amid high tensions in the Persian Gulf.
China’s trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession.
The U.S. and China have reached a partial trade pause.
Top U.S. and Chinese negotiators wrapped up the first day of trade talks in more than two months on Thursday as business groups expressed optimism the two sides might be able to ease a 15-month trade war and delay a U.S. tariff hike scheduled for next week.
Under a long-term deal sealed by the Obama administration, a Chinese Communist company was set to control the second-busiest container port in the United States. In an unreported Trump administration victory, the Communists are out after a drawn-out national security review forced a unit of China-based COSCO Shipping Holdings Co. (Orient Overseas Container Line—OOCL) to sell the cherished container terminal business, which handles among the largest freight of imports into the U.S.
The United States and Japan signed a limited trade agreement Monday, a deal that would win back benefits American farmers lost when President Donald Trump pulled out of a broader Asia-Pacific pact his first week in office.
The U.S. trade deficit has grown by nearly $1 billion after the Trump administration imposed new tariffs against Chinese products, the Commerce Department said in a report Friday.
The United States on Wednesday said it would slap 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskeys, and cheese from across the continent as punishment for illegal EU aircraft subsidies.
Prime Minister Boris Johnson will on Wednesday unveil his final Brexit offer to the European Union and make clear that if Brussels does not engage with the proposal, Britain will not negotiate further and will leave on Oct. 31.
The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll.
Turkish President Tayyip Erdogan said on Friday it was impossible for Turkey to stop buying oil and natural gas from Iran, despite the threat of U.S. sanctions, and added that trade between the two countries would continue, according to broadcaster NTV.
The European Union is reportedly considering hitting the US with $4 billion worth of new tariffs, potentially deepening one front in a long-running trade dispute between the transatlantic allies.
U.S. President Donald Trump delivered a stinging rebuke to China’s trade practices on Tuesday at the United Nations General Assembly, saying he would not accept a ‘bad deal’ in U.S.-China trade negotiations.
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
U.S. and Indian officials are nearing a trade negotiation breakthrough, according to multiple administration officials and industry insiders familiar with the talks, hoping to unveil at least a preliminary agreement during Indian Prime Minister Narendra Modi’s visit this week.