(Reuters) – Ahead of fresh high-level trade talks this week, China is not conceding to U.S. demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions. U.S. Trade Representative Robert ... More »
TOKYO (Reuters) – Japan’s exports fell for a third month in February in a sign of growing strain on the trade-reliant economy, suggesting the central bank might be forced to offer more stimulus eventually to temper the effects of slowing external demand and tr... More »
BERLIN (Reuters) – A plunge in car production drove an unexpected drop in German industrial output in January as the engine room of Europe’s largest economy, which narrowly avoided recession last year, stuttered amid trade friction and unease about Brexit. Ind... More »
JAKARTA (Reuters) – Indonesia and Australia on Monday signed an economic partnership agreement aimed at stepping up trade and investment between them in areas ranging from cattle to education and cars to wheat. Though neighbors, the two countries are not top t... More »
WASHINGTON (Reuters) – The United States and China appear close to a deal that would roll back U.S. tariffs on at least $200 billion worth of Chinese goods, as Beijing makes pledges on structural economic changes and eliminates retaliatory tariffs on U.S. good... More »
FRANKFURT (Reuters) – Germany’s car industry is to invest nearly 60 billion euros ($68 billion) over the next three years on electric cars and automated driving, the head of the VDA car industry association said ahead of the Geneva motor show. “We will invest ... More »
FRANKFURT (Reuters) – The European Central Bank has downplayed a global slowdown for months, but it will finally take a tentative step next week to prop up the euro zone economy, signaling fresh stimulus to keep banks lending. With a global trade war already b... More »
(Reuters) – U.S.-based bicycle manufacturer Kent International has found a way around President Donald Trump’s tariffs – by shifting production out of China. Like almost all U.S. bike makers, Kent has long relied on low-cost Chinese labor and parts, but Trump’... More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he may soon sign a deal to end a trade war with Chinese President Xi Jinping if their countries can bridge remaining differences, saying negotiators were “very, very close” to a deal. Markets ra... More »
BEIJING (Reuters) – A top U.S. business lobby in China said on Tuesday that a majority of its member companies favored the United States retaining tariffs on Chinese goods while Washington and Beijing try to hammer out a deal to end a months-long trade war. Th... More »
SHANGHAI (Reuters) – Chinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced “step-by-step” progress. Xi made the comments at a m... More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he may extend a March 1 deadline for reaching a trade deal with China while keeping current tariffs in place, adding that the negotiations are “very complicated.” “There is a possibility that I ... More »
WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are in Beijing this week as Chinese and American negotiators try to hammer out a trade deal to ease a trade war and avert an increase in U.S. tariffs ... More »
NEW DELHI (Reuters) – India could lose a vital U.S. trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies, people with close knowledge of the matter ... More »
GARY, Indiana (Reuters) – United States Steel Corporation founded Gary, Indiana in 1906 – naming it after co-founder Elbert Henry Gary – and the city’s fortunes have been closely tied to the company ever since. When the firm started losing business to cheap As... More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal. Asked during an event in the Oval Office whether there wou... More »
WASHINGTON (Reuters) – U.S.-China trade talks will reach a pivotal phase this week when Chinese Vice Premier Liu He comes to Washington for negotiations with his U.S. counterparts, U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven ... More »
MOSCOW (Reuters) – Russian Prime Minister Dmitry Medvedev said on Monday that Moscow has never promised Belarus any help over losses incurred due to an overhaul of Russia’s oil tax after Minsk requested compensation. Russia has kept Belarus in its political or... More »
WASHINGTON/BEIJING (Reuters) – U.S. officials expect China’s top trade negotiator may visit Washington this month, signaling that higher-level discussions are likely to follow this week’s talks with mid-level officials in Beijing as the world’s two largest eco... More »
BRUSSELS (Reuters) – European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following U.S. President Donald Trump’s imposition of tariffs on steel and aluminum entering the United States. The vote on Jan. 16... More »
BEIJING (Reuters) – Chinese and U.S. teams ended trade talks in Beijing on Wednesday that lasted longer than expected and officials said details will be released soon, raising hopes an all-out trade war that could badly disrupt the global economy can be avoide... More »
BEIJING (Reuters) – China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world’s two biggest economies after a frosty year marked by tensions and tit-for-... More »
WASHINGTON (Reuters) – The United States and China might not reach a trade deal at the close of a 90-day negotiating window unless Beijing can agree to a profound overhaul of its economic policies, White House trade adviser Peter Navarro said. In an interview ... More »
LUXEMBOURG (Reuters) – The European Union’s top court ruled on Monday that the British government may reverse its decision to leave the bloc without consulting other member states in a decision welcomed by those campaigning to stop Brexit. In an emergency judg... More »
WASHINGTON (Reuters) – Unless U.S.-China trade talks wrap up successfully by March 1, new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a “hard deadline” after a week of seeming confusion among Preside... More »
BEIJING (Reuters) – China’s foreign ministry on Monday said it had never heard of any country having a security problem with Huawei Technologies Co Ltd [HWT.UL], after a top executive of the telecoms giant was arrested in Canada. Ministry spokesman Lu Kang mad... More »
(Reuters) – U.S. chipmaker Qualcomm Inc (QCOM.O) rejected a suggestion by the White House that its collapsed $44 billion acquisition of Dutch peer NXP Semiconductors (NXPI.O) could be revived, saying the deal had been terminated as the deadline had expired. Qu... More »
OTTAWA (Reuters) – Canada takes U.S. President Donald Trump’s comments about pulling out of NAFTA seriously and has no indication when the White House might act, Finance Minister Bill Morneau said on Monday. Morneau, speaking to a New York event arranged by Po... More »
WASHINGTON (Reuters) – U.S. President Donald Trump has appointed U.S. Trade Representative Robert Lighthizer to oversee a new round of trade talks with China aimed at defusing longstanding trade tensions and heading off a wider trade war, a White House officia... More »
WASHINGTON/SHANGHAI (Reuters) – U.S. President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW and Daimler AG who manufacture in the United States for export to the world’s biggest auto market. Shares of Ch... More »
WASHINGTON/BEIJING (Reuters) – President Donald Trump and top U.S. officials said on Monday that a trade truce with China will lead to structural changes in Beijing’s economic policies, including lower tariffs, lower non-tariff barriers and more market access ... More »
BUENOS AIRES (Reuters) – U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, U.S. Agriculture Secretary Sonny Perdue told Reuters on Saturday, warning that the program will not make tariff-hit farmers whol... More »
BRUSSELS (Reuters) – European Commission President Jean-Claude Juncker will not arrive in the United States for talks with U.S. President Donald Trump with a specific trade offer, the Commission said on Monday. Juncker will travel to Washington on Wednesday fo... More »
NEW YORK (Reuters) – A prolonged U.S. trade war with China and Europe would dent global economic growth and force investors to reassess the profitability of U.S. companies, some of the biggest hedge funds and private equity investors in the United States warne... More »
SHANGHAI (Reuters) – Tesla Inc on Tuesday signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with an annual capacity of 500,000 cars, local media reported. The U.S. carmaker signed agreements with the Shanghai mu... More »
BERLIN (Reuters) – The mood among German investors slumped in July to its lowest since August 2012, a survey showed on Tuesday, soured by concerns about escalating trade tensions with the United States. The ZEW research institute said its monthly survey showed... More »
BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first automaker to do so in the world’s top automotive market in response to mounting trade tensions between the countries. The mo... More »
(Reuters) – A stronger-than-expected U.S. job growth in June helped stock index futures on Friday pull back from slight declines that were triggered by United States and China slapping tit-for-tat duties on $34 billion worth of each other’s imports. Nonfarm pa... More »
BEIJING/WASHINGTON (Reuters) – The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies shar... More »
SINGAPORE/NEW YORK (Reuters) – The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies shar... More »
MOSCOW (Reuters) – Russian Prime Minister Dmitry Medvedev has signed a decision imposing extra duties of 25-40 percent on some imports from the United States in response to Washington’s tariff move, the Russian economy ministry said on Friday. The extra duties... More »
LONDON (Reuters) – Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions. Top exporter Saudi Arabia told OPEC it raised oil outp... More »
SHANGHAI/SINGAPORE (Reuters) – Six months of wrangling over trade tariffs with the United States has wiped out about a fifth of China’s stock market value and driven its currency down sharply. But those moves may have just been a downpayment on what is yet to ... More »
DETROIT (Reuters) – U.S. President Donald Trump’s threat to block Chinese investment in U.S. companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and related servi... More »
BRUSSELS (Reuters) – The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on $294 billion of U.S. exports. In a 10-... More »
OSLO (Reuters) – Norway’s REC Silicon (REC.OL), a supplier of silicon materials to the solar industry, said on Monday it would reduce nearly 40 percent of its workforce at one of its two plants in the United States, blaming the ongoing U.S.-China trade war. Th... More »
BERLIN (Reuters) – German Chancellor Angela Merkel said on Thursday that further euro zone reform was needed to nip possible future crises in the bud, after aid programs to some member states had been successful. Addressing parliament before heading to an EU l... More »
(Reuters) – U.S. President Donald Trump on Monday slammed Harley-Davidson Inc (HOG.N) after the motorcycle maker said it would move production for European customers overseas to avoid retaliatory tariffs that could cost it up to $100 million per year. Trump sa... More »
SAN FRANCISCO (Reuters) – U.S. semiconductor stocks slumped on Monday, including deep losses in Intel, Micron Technology and Nvidia, as new measures targeting the technology sector in President Donald Trump’s trade conflict with China triggered a wave of inves... More »
BEIJING (Reuters) – China’s door to talks is open in principle, the country’s Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs. The Unit... More »
WASHINGTON (Reuters) – President Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration’s own making.... More »
GENEVA (Reuters) – Chinese and U.S. envoys sparred at the World Trade Organization on Monday over U.S. President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese... More »
BERLIN (Reuters) – Germany is worried by signs of weakening in the network of multilateral organizations and agreements designed to foster international cooperation, Chancellor Angela Merkel said on Monday. Merkel blamed the fraying of the multilateral order o... More »
GENEVA (Reuters) – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meet... More »
(Reuters) – The Canadian International Trade Tribunal (CITT) said on Monday it has initiated a preliminary dumping inquiry into steel imported from China, South Korea and Vietnam. The tribunal will investigate whether the alleged dumping and subsidizing of “co... More »
BRUSSELS (Reuters) – Europe’s top trade official Cecilia Malmstrom will meet U.S. counterparts Wilbur Ross and Robert Lighthizer in Paris on Wednesday, two days before a temporary reprieve from U.S. steel and aluminum tariffs is due to expire. “A bilateral mee... More »
BEIJING (Reuters) – China does not want trade tensions with the United States, the Chinese Foreign Ministry said on Monday after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement. Ministry spokesman Lu... More »
MEXICO CITY (Reuters) – U.S. Deputy Secretary of State John Sullivan underscored the importance of concluding a new NAFTA trade deal in talks on Sunday with Mexican Foreign Minister Luis Videgaray on the sidelines of the G-20 foreign ministers meeting in Bueno... More »
TOKYO (Reuters) – The United States and Japan will “move rapidly” to get a trade deal under a new framework aimed at intensifying bilateral trade consultations, U.S. ambassador William Hagerty said, keeping pressure on Tokyo to open up protected markets like a... More »
TOKYO (Reuters) – The United States wants China to give a timetable on how it will open up its markets to U.S. exports as the two countries are still “very far apart” on resolving trade frictions, U.S. Ambassador to China Terry Branstad said on Tuesday. Washin... More »
BERLIN (Reuters) – Chancellor Angela Merkel said on Monday that Germany and France agreed on most fundamental issues related to Europe but the two countries sometimes had different emphases on how to proceed with the euro zone. French President Emmanuel Macron... More »
BEIJING (Reuters) – A U.S. trade delegation in China has been having very good conversations, U.S. Treasury Secretary Steven Mnuchin said on Friday, as he heads into the second and likely last day of talks in Beijing. A breakthrough deal to fundamentally chang... More »
NEW DELHI (Reuters) – India would lodge a trade dispute against the United States at the World Trade Organisation if Washington does not grant it exemptions from higher tariffs on steel and aluminum, three government officials involved in trade talks told Reut... More »
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade pract... More »
WASHINGTON (Reuters) – U.S. President Donald Trump accused Russia and China on Monday of devaluing their currencies while the United States raises interest rates. “Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest ra... More »
WASHINGTON/TOKYO (Reuters) – U.S. President Donald Trump said the United States would only join the Trans Pacific Partnership, a multinational trade deal his administration walked away from last year, if it offered “substantially better” terms than those provi... More »
KANE COUNTY, Ill. (Reuters) – Lucas Strom, who runs a century-old family farm in rural Illinois, canceled an order to buy a new $71,000 grain storage bin last month – after the seller raised the price 5 percent in a day. The reason: steel prices jumped right a... More »
(Reuters) – President Donald Trump said late on Thursday he would only consider joining the landmark Trans-Pacific Partnership trade agreement if it were a “substantially better” deal than the one offered to President Barack Obama. “We already have bilateral d... More »
BEIJING (Reuters) – China will remove import tariffs on cancer drugs from May 1, state media reported on Thursday, citing a meeting of the State Council, or cabinet, chaired by Premier Li Keqiang. China will also strengthen intellectual property right protecti... More »
BOAO/BEIJING, China (Reuters) – Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United Sta... More »
SYDNEY/SHANGHAI (Reuters) – Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech that struck a conciliatory tone on the rising trade tensions between China and t... More »
BOAO, China (Reuters) – Singapore Prime Minister Lee Hsien Loong said on Tuesday China’s response to U.S. tariffs has been careful, but both sides should avoid further escalation of tension. Speaking at the Boao Forum for Asia in China, Lee said the consequenc... More »
LONDON (Reuters) – U.S. tariffs on imports have already roiled the aluminum market. U.S. sanctions on Oleg Deripaska and his companies are going to cause even more turmoil, given they encompass Rusal, which produces around 6 percent of the world’s aluminum. De... More »
BEIJING (Reuters) – China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.... More »
WASHINGTON (Reuters) – The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world’s two largest economi... More »
CHICAGO (Reuters) – A U.S. dairy trade export group has partnered with a Chinese university to create a food science research center, hoping to bolster relations and expand dairy exports from the United States into China, the group said in a statement. The U.S... More »
BANGKOK (Reuters) – Thailand aims to seek membership in a landmark Asia-Pacific trade agreement this year, a deputy prime minister said on Thursday. The government has asked the commerce ministry to look into the details on how to join the 11-member Comprehens... More »
PARIS (Reuters) – Germany’s new finance minister said on Friday after talks with his French counterpart that he wanted to be a force for further integration in the euro zone in conservative Chancellor Angela Merkel’s government. Social Democrat Olaf Scholz, wh... More »
FILE PHOTO: South Korean Finance Minister Kim Dong-yeon speaks during his inaugural ceremony in Sejong government complex in Sejong, South Korea, June 15, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea will “deploy all possible means” to respond to U.... More »
Senator Elizabeth Warren (D-MA) questions Alex Azar (not pictured) during a Senate Health, Education, Labor and Pensions Committee hearing on his nomination to be Health and Human Services secretary on Capitol Hill in Washington, U.S., November 29, 2017. REUTE... More »
FILE PHOTO: South Korean Finance Minister Kim Dong-yeon speaks during his inaugural ceremony in Sejong government complex in Sejong, South Korea, June 15, 2017. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s finance minister said on Monday the government ... More »
Korchmar President Mike Korchmar (L) and CEO Michael Korchmar (R) display a bag assembled at the Naples, Florida factory of Korchmar, a family-owned business in Naples, Florida, U.S., February 13, 2018. Picture taken on February 13, 2018. REUTERS/Andy Sullivan... More »
U.S. President Donald Trump listens to reporters as walks with first lady Melania Trump on South Lawn of the White House upon their return to Washington, U.S., from Palm Beach, Florida, March 3, 2018. REUTERS/Yuri Gripas WASHINGTON (Reuters) – A top trade advi... More »
FILE PHOTO: Rep. Kevin Brady (R-TX), Chairman of the House Ways and Means Committee, arrives for a Republican conference meeting at the U.S. Capitol in Washington, U.S., December 20, 2017. REUTERS/Aaron P. Bernstein MEXICO CITY (Reuters) – An influential U.S. ... More »
Britain’s Prime Minister Theresa May talks to Andrew Marr for the Marr Show on BBC television in London, Britain March 2, 2018. Picture taken March 2, 2018. Jeff Overs/BBC/Handout via REUTERS LONDON (Reuters) – British Prime Minister Theresa May told U.S. Pres... More »
U.S. President Donald Trump waves upon his arrival in West Palm Beach, Florida, U.S., March 2, 2018. REUTERS/Kevin Lamarque MEXICO CITY (Reuters) – From a hotel in Mexico City, Ann Wilson, a senior executive at the U.S. Motor and Equipment Manufacturers Associ... More »
Mexico’s chief negotiator Kenneth Smith speaks to journalists at the hotel where the seventh round of NAFTA talks takes place, in Mexico City, Mexico March 2, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – U.S., Mexican and Canadian trade experts leading... More »
WASHINGTON (Reuters) – U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on steel and aluminum imports triggered threats of retaliation from trading partners and a slide in s... More »
U.S. President Donald Trump holds a meeting where he announced that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum at the White House in Washington, U.S., March 1, 2018. REUTERS/Kevin Lamarque WASHINGTO... More »
DETROIT (Reuters) – If U.S. President Donald Trump goes ahead with sweeping tariffs on steel and aluminum imports, it could lower profits for companies making everything from pickup trucks to canned soup, or result in higher prices for consumers. Trump has thr... More »
FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo SEOUL/SYDNEY (Reuters) – U.S. President Donald Trump’s planned tariffs on steel and aluminum will distort ... More »
U.S. Chief Negotiator John Melle smiles at the hotel where the seventh round of NAFTA talks takes place, in Mexico City, Mexico, March 1, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Negotiators trying to rework the NAFTA trade deal on Thursday were hi... More »
Chairman, CEO and President of Nucor John Ferriola and U.S. Steel CEO Dave Burritt flank U.S. President Donald Trump as he announces that the United States will impose tariffs of 25 percent on steel imports and 10 percent on imported aluminum during a meeting ... More »
A partially assembled Chevrolet 2017 Sonic is seen on the assembly line at GM’s Orion Assembly plant in Orion, Michigan, U.S., June13, 2017. REUTERS/Rebecca Cook MELBOURNE (Reuters) – Premiums for aluminum metal in the United States spiked to the highest in al... More »
FILE PHOTO: Steel pipes for sale are displayed at a shop in the Mullae-dong steel product district in Seoul July 13, 2010. REUTERS/Jo Yong-Hak/File Photo HOUSTON/WASHINGTON (Reuters) – The U.S. oil and gas industry on Thursday slammed President Donald Trump’s ... More »
FILE PHOTO: Canadian Foreign Minister Chrystia Freeland gives a speech during a joint news conference with Mexican Foreign Minister Luis Videgaray and U.S. Secretary of State Rex Tillerson in Mexico City, Mexico February 2, 2018. REUTERS/Henry Romero OTTAWA (R... More »
FILE PHOTO: A trader walks the floor of the New York Stock Exchange in New York, U.S., February 6, 2018. REUTERS/Brendan Mcdermid SAN FRANCISCO (Reuters) – The specter of a trade war started by U.S. President Donald Trump rattled Wall Street on Thursday and ex... More »
FILE PHOTO – New Zealand Prime Minister Jacinda Ardern smiles as she answers a question during a media conference in Sydney, Australia, November 5, 2017. REUTERS/David Gray/File photo WELLINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern said on Mon... More »
Anti-Brexit demonstrators wave EU and Union flags outside the Houses of Parliament in London, Britain, January 30, 2018. REUTERS/Toby Melville LONDON (Reuters) – Britain has ruled out any form of customs union with the European Union after Brexit, according to... More »
Workers are seen during the construction of the LG Electronics washing machine plant in Clarksville, Tennessee, U.S. January 18, 2018. Picture taken January 18, 2018. REUTERS/David Lawder CLARKSVILLE, Tenn. (Reuters) – When President Donald Trump’s imposed ste... More »
