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Badenoch blames Biden for missing post-Brexit trade targets
The Business Secretary claims the UK failed to reach post-Brexit pledges when US leadership changed. More »
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282 posts
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China agrees with U.S. to push forward implementation of Phase 1 trade deal
BEIJING (Reuters) – China said on Tuesday it agreed with the United States to continue pushing forward the implementation of the bilateral Phase 1 trade deal reached earlier this year during a call between the two countries’ top trade negotiators. Vice Premier... More »
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British trade minister pledges to fight ‘unfair’ U.S. tariffs – The Telegraph
(Reuters) – British Trade Secretary Liz Truss pledged to fight U.S tariffs on Scotch whisky, calling them “unacceptable and unfair” in an op-ed in the Telegraph on Sunday. “I will fight to consign these unfair tariffs to the bin of history”, she wrote (AIR.PA)... More »
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Japan, New Zealand discuss importance of trade for world economic recovery, economy minister Nishimura says
TOKYO (Reuters) – Japan’s Economy Minister Yasutoshi Nishimura on Monday discussed the importance of free trade for a world economic recovery with New Zealand’s Minister for Trade and Export Growth David Parker, Nishimura said. Parker and Nishimura also talked... More »
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Japan, UK agree to work on swift trade agreement: Japan government statement
TOKYO (Reuters) – Japan and the United Kingdom agreed to start negotiations for a swift agreement on an economic partnership to secure business continuity for both nations, Japan’s foreign ministry said on Tuesday. Foreign Minister Toshimitsu Motegi welcomed i... More »
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Trump ‘not interested’ in reopening U.S.-China trade deal after report of Beijing discontent
BEIJING/WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he opposed renegotiating the U.S.-China “Phase 1” trade deal after a Chinese state-run newspaper reported some government advisers in Beijing were urging fresh talks and possibly invalid... More »
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China announces new tariff waivers for some U.S. imports
BEIJING (Reuters) – China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States. China’s fi... More »
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South Korea’s April 1-20 exports collapse as pandemic paralyses production, demand
SEOUL (Reuters) – South Korean exports plunged nearly 27% in the first 20 days of April as the coronavirus health crisis paralyzed global manufacturing activity and crushed consumer demand. The worst may be yet to come with many of the country’s top trading pa... More »
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White House not considering three-month tariff deferral: Navarro
(Reuters) – The White House’s top trade advisor denied on Tuesday that the Trump administration was considering a three-month deferral of tariff payments on imported goods to ease the pain of the economic shutdown caused by the coronavirus pandemic. Industry g... More »
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WTO gives somber outlook for global trade, sees virus threat
BRUSSELS (Reuters) – Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance could be reduced even further by the new coronavirus. The WTO said that, bas... More »
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Britain doesn’t need anything special from EU trade deal – PM Johnson’s spokesman
LONDON (Reuters) – Britain does not need any special arrangements in its future relationship with the European Union, Prime Minister Boris Johnson’s spokesman said on Monday, adding that it wants a trade agreement similar to other deals the EU has struck. Prim... More »
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China’s U.S. trade deal commitments not changed in translation: Mnuchin
WASHINGTON (Reuters) – China’s commitments in the Phase 1 trade deal with the United States were not changed during a lengthy translation process and will be released this week as the document is signed in Washington, U.S. Treasury Secretary Steven Mnuchin sai... More »
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China’s Vice Premier Liu to sign U.S. trade deal in Washington next week
BEIJING (Reuters) – China’s Vice Premier Liu He, head of the country’s negotiation team in Sino-U.S. trade talks, will sign a “Phase 1” deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng... More »
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Thai November exports drop 7.39% year-on-year, worse than forecast
BANGKOK (Reuters) – Thailand’s customs-cleared exports in November fell 7.39% from a year earlier, after falling 4.54% the previous month, the commerce ministry said on Monday. November’s export numbers came in worse than a Reuters poll forecast for a decrease... More »
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U.S. exports to China to nearly double in ‘totally done’ trade deal: Lighthizer
WASHINGTON (Reuters) – The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on ... More »
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Factbox: How China tariffs on U.S. commodities, energy stand after ‘phase one’ trade deal
BEIJING/SINGAPORE (Reuters) – China and the United States have agreed terms of a “phase one” trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to take effect on Dec. 15. Before Sunday’... More »
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Surging exports lend a fillip to flagging German economy
BERLIN (Reuters) – Germany’s exports rose unexpectedly in October, a morale boost for Europe’s largest economy, which has been teetering on the brink of recession over recent quarters. The 1.2% rise in exports raises hopes that the economy can avoid contractin... More »
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China says hopes it can reach trade agreement with U.S. as soon as possible
BEIJING (Reuters) – China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh U.S. tariffs on Chinese imports are due to kick in at the end of the week. Beijing hopes it can reach ... More »
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House Democrats, USTR nearing deal to pass modified USMCA agreement: WSJ
(Reuters) – House Democrats and U.S. Trade Representative Robert Lighthizer are nearing a deal to pass a revised version of the United States-Mexico-Canada Agreement, the Wall Street Journal reported late on Sunday, citing people familiar with the matter. “We ... More »
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Mexico accepts U.S. steel demand in USMCA trade deal, but with conditions
MEXICO CITY (Reuters) – Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact’s ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday. Mexican law... More »
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Bromance or bad date? Trump, Macron trade barbs over tariffs, NATO
LONDON (Reuters) – They have hosted each other for state visits and dined at the Eiffel Tower, but the once-budding bromance between U.S. President Donald Trump and France’s Emmanuel Macron looks to have turned into a bad date as they traded blows ahead of a N... More »
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U.S.-China trade deal ‘stalled because of Hong Kong legislation’: Axios
(Reuters) – A trade deal between United States and China was now “stalled because of Hong Kong legislation”, news website Axios reported on Sunday, citing a source close to U.S. President Donald Trump’s negotiating team. The deal was stalled also because time ... More »
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No ‘phase two’ U.S.-China deal on the horizon, officials say
WASHINGTON (Reuters) – An ambitious “phase two” trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary “phase one” agreement, according to U.S. and Beijing officials, lawmakers and trade expe... More »
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Still hope for U.S.-China deal this year: U.S. official
HALIFAX, Nova Scotia (Reuters) – United States national security adviser Robert O’Brien said on Saturday that an initial trade agreement with China is still possible by the end of the year, but warned Washington would not turn a blind eye to what happens in Ho... More »
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U.S. may not need to impose auto tariffs this month: Bloomberg, citing Ross
(Reuters) – The United States may not need to impose tariffs on imported vehicles later this month after holding “good conversations” with automakers in the European Union, Japan and Korea, U.S. Commerce Secretary Wilbur Ross said in an interview published on ... More »
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Ross says licenses for U.S companies to sell to Huawei coming ‘shortly’: Bloomberg
(Reuters) – U.S. Commerce Secretary Wilbur Ross said licenses for U.S. companies to sell components to China’s Huawei Technologies Co will come “very shortly,” in an interview with Bloomberg published on Sunday. Ross said the licenses “will be forthcoming very... More »
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Apple asks U.S. to waive tariffs on Chinese-made watches, iPhone parts, AirPods
WASHINGTON (Reuters) – Apple Inc asked the Trump administration to waive tariffs on Chinese-made Apple Watches, iPhone components and other consumer products, according to company filings with the U.S. Trade Representative’s Office. The company on Thursday sou... More »
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Japan’s extended exports slump could push BOJ to ease next week
TOKYO (Reuters) – Japan’s exports contracted for a 10th straight month in September, adding to speculation the central bank could ease monetary policy as soon as next week to support an economy hit by a slowdown in global demand. A bitter Sino-U.S. trade war a... More »
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Fallout from Trump’s trade wars felt by economies around the world
WASHINGTON (Reuters) – The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. Central bank governors and finance ministers traded grim tales of suffering economies at the International Mo... More »
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China’s pork, beef imports surge in September
(This October 13 story has been refiled to change timeframe in paragraph 2 to nine months, not eight months) BEIJING (Reuters) – China’s pork imports in September surged 76% from a year earlier while beef imports came close to a monthly record, as it stocked u... More »
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China September exports, imports in deeper contraction as tariffs take toll
BEIJING (Reuters) – A slide in China’s exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on. Analysts... More »
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Norway reports rare trade deficit amid drop in oil price, gas exports
OSLO (Reuters) – Norway on Tuesday reported it’s first monthly trade deficit in almost two years, a rare event triggered by a sharp fall in its sale of natural gas and a decline in the price of crude oil, the country’s two most important exports. The September... More »
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Where the U.S.-Japan trade deal falls short of Trans-Pacific pact abandoned by Trump
WASHINGTON (Reuters) – U.S. President Donald Trump has called his new trade deal with Japan a “phenomenal” victory for U.S. farmers. But don’t expect America’s Land O’Lakes butter to knock New Zealand’s Anchor or France’s President brands off store shelves in ... More »
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China urges ‘calm and rational’ resolution to U.S.-Sino trade war
BEIJING (Reuters) – China hopes Beijing and Washington will resolve their trade dispute “with a calm and rational attitude”, Vice Commerce Minister Wang Shouwen said on Sunday, ahead of talks in two weeks between the two sides. The United States and China have... More »
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China exempts some U.S. goods from retaliatory tariffs as fresh…
BEIJING (Reuters) – China announced its first batch of tariff exemptions for 16 types of U.S. products, days ahead of a planned meeting between trade negotiators from the two countries to try and de-escalate their bruising tariff row. The exemptions will apply... More »
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China, U.S. kick off new round of tariffs in trade war
BEIJING/WASHINGTON (Reuters) – The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday – including footwear, smart watches and flat-panel televisions – as China began imposing new duties on U.S. crude, the latest escalation in a br... More »
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China starts to impose additional tariffs on some U.S. goods
BEIJING (Reuters) – China on Sunday started to impose additional tariffs on some of the U.S. goods on a $75-billion target list, with effect from 0401 GMT. The extra 5% and 10% tariffs were levied on 1,717 items of a total of 5,078 products originating from th... More »
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Factbox: Next rounds of Trump’s tariffs on Chinese goods to hit…
(Reuters) – U.S. President Donald Trump’s next round of tariffs on Chinese imports is scheduled to take effect starting on Sunday, escalating the trade war between the world’s two largest economies with a big hit to consumer goods. Trump has targeted some $300... More »
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China says it hopes U.S. can create conditions for trade talks
BEIJING (Reuters) – China’s foreign ministry reiterated on Tuesday that it had not heard of any recent telephone call between the United States and China on trade, and said it hopes Washington can stop its wrong actions and create conditions for talks. Ministr... More »
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Japan automakers need not worry about U.S. trade talks outcome: Motegi
TOKYO (Reuters) – Japanese Economy Minister Toshimitsu Motegi said on Tuesday he did not think U.S.-Japan trade talks would result in an outcome that would cause concern for Japanese automakers. Motegi made the remarks to reporters in Tokyo after the United St... More »
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Rising trade tensions revive bets on deep U.S. rate cut
NEW YORK (Reuters) – U.S. interest rates futures rallied on Friday as rising trade tensions between China and the United States revived bets the Federal Reserve may lower key borrowing costs by a bold half-point next month. Earlier Friday, Beijing said it will... More »
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Japan’s exports slip for eighth month, sales to China drop as…
TOKYO (Reuters) – Japan’s exports slipped for an eighth month in July, while manufacturers’ confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-U.S. trade war could tip the economy into re... More »
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Goldman Sachs economists say fears rise that U.S.-China trade war…
(Reuters) – Goldman Sachs Group Inc (GS.N) said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential e... More »
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Lack of G7, IMF support seen dimming impact of U.S. move on China’s…
WASHINGTON (Reuters) – China is unlikely to face serious consequences from the Trump administration’s decision to label it a currency manipulator given the apparent lack of G7 and IMF support for the move, former and current U.S. and G7 officials said. The U.S... More »
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China to push to attract more high-tech manufacturers
BEIJING (Reuters) – China will push to attract more high-tech manufacturers to set up in the world’s No.2 economy, the nation’s commerce ministry said late on Friday, without giving further details. The comment came as the nation’s exports unexpectedly returne... More »
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Beijing says China stepping up U.S. soy imports, yet to show up in…
BEIJING (Reuters) – Chinese state media said on Sunday the United States has shipped several million tonnes of soybeans to China since the two countries’ leaders met in June, although U.S. government data shows that the volume was much less. The U.S.-China tra... More »
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Japan’s Motegi to meet USTR Lighthizer on August 1-2 in Washington
TOKYO (Reuters) – Japanese Economy Minister Toshimitsu Motegi said on Monday he will hold ministerial-level talks with U.S. Trade Representative Robert Lighthizer on Aug. 1 and 2 in Washington D.C. Motegi made the comment at a news conference after a meeting o... More »
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Trump says U.S. could tax French wine in retaliation for digital tax
WASHINGTON/PARIS (Reuters) – U.S. President Donald Trump threatened to tax French wines on Friday in retaliation for France’s recent proposal to levy a tax aimed at big U.S. technology companies. Trump had told French President Emmanuel Macron last week that h... More »
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France urges Trump: ‘Don’t mix digital taxes and wine tariffs’
PARIS (Reuters) – Finance Minister Bruno Le Maire said on Saturday that France would proceed with taxing revenues of big technology firms and urged the United States not to bring trade tariffs into the debate on how to fairly raise levies on digital services. ... More »
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France’s Macron discussed need for broad digital tax deal with…
PARIS (Reuters) – France’s Emmanuel Macron discussed the need for an international agreement on taxing digital service companies with U.S. President Donald Trump in a call on Friday, the French president’s office said. The exchange – which partly centered on I... More »
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No ‘big’ stimulus needed in China unless trade war worsens, says…
DALIAN, China (Reuters) – China’s economy is likely to hit its growth target this year provided a bitter trade dispute with the United States does not worsen, and hence will not need “very big” stimulus measures to prop up growth, a central bank adviser said o... More »
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South Korean trade official says Japan’s export curbs violate WTO…
SEOUL (Reuters) – Japan’s decision to tighten curbs on tech material exports to South Korea violates World Trade Organization rules and Seoul would respond firmly, a senior official at South Korea’s trade ministry said on Monday. “This export control measure b... More »
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Trump says China trade talks ‘back on track,’ new tariffs on hold
OSAKA (Reuters) – The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing. Chi... More »
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White House official: New sales to China’s Huawei to cover only…
WASHINGTON (Reuters) – President Donald Trump’s decision to allow expanded sales of U.S. technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and leave the most sensitive equipment off li... More »
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Rangers acquire D Trouba in trade with Jets
The New York Rangers acquired defenseman Jacob Trouba from the Winnipeg Jets on Monday in exchange for defenseman Neal Pionk and the 20th overall pick in the 2019 NHL draft. Trouba, 25, set career highs in assists (42) and points (50) last season, playing in a... More »
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Bah humbug! Trump’s plan for more China tariffs to hit festive…
WASHINGTON/NEW YORK (Reuters) – This year’s holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports – because that will include tech products, game consoles, toys, cribs, orname... More »
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U.S. firms say China tariffs will raise costs, see few sourcing…
WASHINGTON (Reuters) – A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remai... More »
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Vietnam to crackdown on Chinese goods relabelled to beat U.S. tariffs
HANOI (Reuters) – Vietnam has said it will crackdown on goods of Chinese origin illegally relabelled “Made in Vietnam” by exporters seeking to avoid U.S. President Donald Trump’s tariffs on Chinese imports. Vietnamese customs have found scores of such cases am... More »
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China’s rare earths exports fall in May- shipments usually volatile
BEIJING (Reuters) – Rare earth exports by China, the world’s dominant producer, fell 16% in May from a month earlier amid an increased focus on the raw materials due to the Sino-U.S. trade war, although the drop was in line with usual trading. Exports by China... More »
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China exports grow despite U.S. tariffs, but import slump most in…
BEIJING (Reuters) – China’s exports unexpectedly returned to growth in May despite higher U.S. tariffs, but imports fell the most in nearly three years in a further sign of weak domestic demand that could prompt Beijing to step up stimulus measures. Some analy... More »
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China May crude oil imports drop after April record
SINGAPORE/BEIJING (Reuters) – China’s crude oil imports slipped 8% in May from an all-time peak hit the month before, customs data showed, as the world’s top importer of the commodity curbed shipments from Iran amid tightening U.S. sanctions on that country. C... More »
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China May soybean imports fall on trade war, pig disease
BEIJING (Reuters) – China’s soybean imports fell 24% in May from the same month last year, customs data showed on Monday, as the ongoing Sino-U.S. trade war and deadly African swine fever checked demand. China brought in 7.36 million tonnes of soybeans in May,... More »
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South Korea, UK agree to sign free trade deal ahead of Brexit
SEOUL (Reuters) – South Korea and Britain have agreed in principle to sign a separate free trade deal ahead of Britain’s exit from the European Union in late October, South Korea’s trade ministry said on Monday. The deal would help South Korea minimize trade u... More »
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Trump defends Mexico migration deal and pledges more detail
WASHINGTON (Reuters) – U.S. President Donald Trump defended his administration’s deal with Mexico against criticism that there were no major new commitments to stem a flow of Central American migrants crossing into the United States, and said on Sunday more de... More »
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No expansion yet of U.S.-Mexico asylum program after Trump deal
TIJUANA, Mexico (Reuters) – U.S.-bound asylum seekers are not yet being sent back to additional Mexican border towns to await processing after a deal on Friday called for the program to be immediately extended to the whole border, three Mexican officials said.... More »
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Exclusive: Some big tech firms cut employees’ access to Huawei,…
NEWPORT BEACH, Calif./NEW YORK (Reuters) – Some of the world’s biggest tech companies have told their employees to stop talking about technology and technical standards with counterparts at Huawei Technologies Co Ltd in response to the recent U.S. blacklisting... More »
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White House seeks delay on Huawei ban for contractors
WASHINGTON (Reuters) – The White House Office of Management and Budget has asked the U.S. Congress for more time to phase in a ban on federal contracts with companies that do business with Chinese telecom giant Huawei, part of a defense law passed last year. T... More »
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Mexico holds off Trump’s fire but seen vulnerable to new pressure
MEXICO CITY (Reuters) – Mexico avoided the most extreme immigration concession sought by U.S. President Donald Trump in the deal reached to fend off threatened tariffs, but it is left even weaker than before in the face of potential new pressure from Trump as ... More »
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On Mexico border, Republican business owners oppose Trump’s tariff…
SAN LUIS, Ariz. (Reuters) – A lifelong Republican, Russ Jones supports President Donald Trump and agrees he needs to take action to deal with an immigration crisis on the border with Mexico. Jones also has a customs brokerage business to run, however, and says... More »
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China calls in foreign tech firms after Huawei sales ban: sources
BEIJING (Reuters) – China summoned global technology companies for talks last week following last month’s U.S. ban on selling technology to China’s Huawei Technologies Co Ltd, two people familiar with the matter told Reuters on Sunday. The blacklisting of Huaw... More »
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Mnuchin says Trump could ease up on Huawei if trade talks advance
(Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Sunday that President Donald Trump might ease U.S. restrictions on Huawei if there was progress in the trade row with China – but absent a deal, Washington would maintain tariffs to cut its deficit. “I... More »
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Trump is confident Mexico will enforce new immigration deal
WASHINGTON (Reuters) – U.S. President Donald Trump predicted Mexico would strongly enforce a new deal under which it agreed to expand a controversial asylum program and boost security on its southern border to stem Central American migrants trying to reach the... More »
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Mexican president says he offered friendly relations with Trump in…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Saturday he spoke with U.S. President Donald Trump, offering him friendly ties and a commitment to dialogue, a day after a deal was reached that avoided tariffs on Mexican goods thre... More »
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Trump deal with Mexico a win for ‘hostage-taking’: former WTO chief
MEXICO CITY (Reuters) – The migration deal imposed on Mexico this week by U.S. President Donald Trump under the threat of punitive tariffs was a victory for “hostage-taking” over international rules, a former head of the World Trade Organization (WTO) said on ... More »
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Trump calls off tariffs after Mexico vows to tighten borders
WASHINGTON/MEXICO CITY (Reuters) – The United States and Mexico struck a deal on Friday to avert a tariff war, with Mexico agreeing to rapidly expand a controversial asylum program and deploy security forces to stem the flow of illegal Central American migrant... More »
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Taiwan’s May exports seen shrinking- inflation quickens: Reuters poll
TAIPEI (Reuters) – Taiwan’s exports likely contracted 4.5% in May from a year earlier, logging a seventh straight month of decline, according to a median forecast of 11 analysts polled by Reuters. Taiwan’s April exports had dropped 3.3% from a year earlier, in... More »
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Mexico, U.S. business groups urge Trump to back down on tariff threat
MEXICO CITY (Reuters) – Mexico’s president and the top U.S. business lobbying group called on President Donald Trump to back down from a threat to impose punitive tariffs on Mexican imports, in a dispute over migration that could shock Mexico’s economy. Trump ... More »
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Trump’s Mexican tariffs test limits of U.S. emergency powers: legal…
(Reuters) – U.S. President Donald Trump’s proposal to impose a tariff on all Mexican goods to push Mexico to halt a surge in illegal immigrants is likely to be challenged in court and will test the scope of the president’s emergency powers. Trump dramatically ... More »
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Trump says tariffs making companies leave China, a deal can’t be…
WASHINGTON (Reuters) – U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a “50-50” deal. In an interview... More »
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Year-old Xinhua alert spreads proclaiming U.S.-China trade row…
BEIJING (Reuters) – China’s official Xinhua news agency condemned the spreading of “false news” on Monday after some websites published a year-old alert announcing a ceasefire in the Sino-U.S. trade dispute. The one-line item, originally published on May 20, 2... More »
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U.S. senator convening meetings to warn business, academia of China…
(Reuters) – U.S. Senator Mark Warner said on Sunday that he has been organizing meetings between U.S. intelligence officials and the country’s business and academic communities to urge caution in their relationships with China. “I have been convening meetings ... More »
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Brazil seeks China’s OK for genetically modified sugarcane
BEIJING (Reuters) – Brazil’s agriculture minister will ask Chinese officials on Thursday to greenlight exports to the Asian nation of sugar made from genetically modified (GM) sugarcane, which is expected to be widely used in Brazil in coming years. Minister T... More »
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China says will never surrender to outside pressure as U.S. trade…
BEIJING (Reuters) – China’s foreign ministry said on Monday the country will never surrender to external pressure after Washington renewed its threat to impose tariffs on all Chinese imports in an escalating trade dispute. The trade war between the world’s top... More »
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U.S. agriculture secretary urges Japan to reach trade deal
TOKYO (Reuters) – U.S. Secretary of Agriculture Sonny Perdue urged Japan on Monday to move swiftly to clinch a trade deal with Washington on farm products and other goods, in a way that would treat his country fairly as “premier customer.” “President (Donald) ... More »
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China defiant toward U.S. on trade, Kudlow urges strong enforcement…
WASHINGTON/BEIJING (Reuters) – The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its inte... More »
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Trump says the U.S. is ‘right where we want to be with China’
WASHINGTON (Reuters) – President Donald Trump said on Sunday that the United States is “right where we want to be with China,” adding that Beijing “broke the deal with us” and then sought to renegotiate. “We will be taking in Tens of Billions of Dollars in Tar... More »
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China says it will never surrender to foreign pressure amid trade…
BEIJING (Reuters) – China’s foreign ministry said on Monday the country will never surrender to foreign pressure after Washington renewed its threat to impose tariffs on all Chinese imports in an escalating trade dispute. Foreign ministry spokesman Geng Shuang... More »
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China’s door to talks with U.S. on trade always open: state media
BEIJING (Reuters) – China’s door to talks with the United States about their trade dispute is always open, but China will not yield on important issues of principle, state media said on Sunday. There are no winners in a trade war, and China does not want to fi... More »
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Trump ratchets up pressure on China, threatens tariff hikes
WASHINGTON (Reuters) – President Donald Trump dramatically increased pressure on China on Sunday to reach a trade deal, saying he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon. The move marke... More »
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China says trade delegation is preparing to go to the U.S.
BEIJING (Reuters) – China’s foreign ministry said on Monday a Chinese delegation is preparing to go to United States for trade talks, after U.S. President Donald Trump said he would raise tariffs on $200 billion worth of Chinese goods this week and target hund... More »
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China’s April export growth seen cooling, imports staying weak:…
BEIJING (Reuters) – China is expected to report much slower export growth for April after a strong rebound in March, while imports likely shrank for a fifth straight month but at a milder pace, a Reuters poll showed. If Wednesday’s readings are in line with fo... More »
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China Vice Premier Liu may still travel to U.S. this week: SCMP
BEIJING (Reuters) – China Vice Premier Liu He could still travel to the United States for trade negotiations but shorten his trip or cancel it altogether, South China Morning Post reported on Monday, citing an unnamed source briefed on the latest plans. In an ... More »
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Explainer: Who pays Trump’s tariffs – China and other exporters or…
CHICAGO (Reuters) – U.S. President Donald Trump said on Sunday he would raise tariffs to 25 percent from 10 percent on $200 billion of Chinese goods. The United States has levied tariffs on a total of $250 billion of Chinese imports, global steel and aluminum ... More »
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China considers canceling trade talks with U.S. after Trump vows…
(Reuters) – China is considering canceling trade talks with the United States this week after U.S. President Donald Trump vowed to hike tariffs on China, the Wall street Journal reported on Sunday citing a source. Earlier on Sunday, Trump announced he would hi... More »
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U.S. rejects Tesla bid for tariff exemption for Autopilot ‘brain’
WASHINGTON (Reuters) – U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric vehicles, one of more than 1,000 product denials linked to ... More »
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New round of U.S. tariffs a ‘modest’ hit for euro area: ECB
FRANKFURT (Reuters) – A new round of tariffs between the United States and its main partners would only cause a “modest decrease” in the pace of economic growth in the euro zone, according to research by the European Central Bank. The study simulated a two-way... More »
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To survive trade battles, China manufacturers deploy every weapon…
GUANGZHOU, China (Reuters) – Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers – giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tari... More »
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U.S. intelligence says Huawei funded by Chinese state security: report
(Reuters) – U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West. The CIA accused Huawei of receiving fund... More »
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Exclusive: U.S. waters down demand China ax subsidies in push for…
WASHINGTON/BEIJING (Reuters) – U.S. negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, according to two sources briefed on discussions, marking a retreat on a core U.S. o... More »
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New NAFTA deal ‘in trouble’, bruised by elections, tariff rows
MEXICO CITY/OTTAWA (Reuters) – More than six months after the United States, Mexico and Canada agreed a new deal to govern more than $1 trillion in regional trade, the chances of the countries ratifying the pact this year are receding. The three countries stru... More »
