President Trump postpones tariffs, China to lift levy on US pork

World 09/13/19, 15:55

President Donald Trump said Thursday his administration is postponing tariff hikes to give China "a two week reprieve" and "in honor of President Xi." In the latest of conciliatory gestures between the United States and China since the start of the tariff war, state-controlled Chinese media on Friday morning announced that ...

China warns of retaliation if US goes ahead with planned tariff hikes

Politics 08/22/19, 17:34

China said it would take retaliatory measures in case the United States goes ahead with planned tariff hikes, calling Washington to “meet each other halfway” to settle trade disputes. During a news briefing on Thursday, Aug. 22, Ministry of Commerce spokesman Gao Feng said new U.S. tariffs would “lead to an ...

Report: More companies in China handing over technology

Business 05/19/19, 22:54

BEIJING (AP) — The number of foreign companies that feel compelled to hand over technology in exchange for Chinese market access — an issue that sparked President Donald Trump’s tariff fight with Beijing — has doubled since two years ago despite official promises to end such pressure, a business group ...

Japan’s economy expanded for 2nd straight quarter

Business 05/19/19, 19:51

The Japanese government says the economy grew at an annual pace of 2.1% in the first quarter, marking the second straight quarter of expansion. The Cabinet Office said Monday seasonally adjusted real gross domestic product, the total value of a nation's goods and services, grew 0.5% in the January-March period from ...

Markets Right Now: Stocks sink as trade war escalates

Business 05/13/19, 08:59

The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are plunging at the open on Wall Street Monday after China announced retaliatory tariffs against goods from the United States. China plans tariff hikes on $60 billion of U.S. imports after the Trump administration on Friday raised tariffs on $200 ...

Shares fall in Asia after no deal in China-US trade talks

Business 05/12/19, 23:40

Shares retreated in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement. The Shanghai Composite index fell 1% to 2,910.04. Japan's Nikkei 225 index lost 0.6% to 21,216.28 and the S&P ASX 200 declined 0.2% to 6,297.40. South Korea's Kospi fell 1.1% to ...

Why tariff war threatens Beijing’s global economic ambitions

China 05/12/19, 10:26

China's intensified tariff war with the Trump administration is threatening Beijing's ambition to transform itself into the dominant player in global technology. The United States is a vital customer and source of technology for Chinese makers of electronics, medical equipment and other high-tech exports — industries that the ruling Communist Party ...

China’s Liu says trade talks with US have not broken down

Politics 05/11/19, 08:13

Chinese Vice Premier Liu He says trade talks with the U.S. have not broken down. Hong Kong's Phoenix TV on Saturday showed Liu telling reporters that the failure to reach an agreement in the tariffs war with the U.S. during meetings in Washington on Thursday and Friday was "a small setback." Liu ...

Markets plunge after Trump threatens new China tariff hike

Business 05/06/19, 01:32

Shares and oil prices have tumbled after President Donald Trump jolted markets with a threat to raise more tariffs on imports from China, spooking investors who had been expecting good news this week on trade. The Shanghai Composite index plunged 6.5% to 2,877.71, and the Hang Seng in Hong Kong sank ...

Asian markets plunge after Trump threatens China tariff hike

Business 05/05/19, 23:36

Shares tumbled in Asia early Monday after President Donald Trump threatened to impose more tariffs on China, spooking investors who had been expecting good news this week on trade. The Shanghai Composite index plunged 5.2% to 2,918.65, and the Hang Seng in Hong Kong sank 3.4% to 29,060.87. The future contract ...

US, China begin new round of tariff war negotiations

Politics 04/30/19, 23:03

American and Chinese trade negotiators have begun more talks aimed at ending a tariff war after Treasury Secretary Steven Mnuchin said U.S. officials might be moving toward a decision on whether to make a deal with Beijing. Wednesday's meeting follows statements by both governments that they were making progress, which has ...

US trade deficit narrows to $49.4 billion in February

Business 04/17/19, 07:35

The U.S. trade deficit fell for the second straight month in February, and the politically sensitive deficit in the trade of goods with China narrowed. The Commerce Department says the gap between the goods and services that the United States sells and what it buys from the rest of the world ...

China exports rise in March, rebounding from slump

Business 04/12/19, 03:37

China's exports rebounded from a slump in March and sales to the United States rose strongly despite President Donald Trump's tariff hikes. Exports rose 14.2% over a year ago to $198.7 billion, a spokesman for the customs agency said Friday, recovering from February's 20.8% contraction. Imports fell 7.6% to $166 billion, ...

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