Biden’s trade leaders and key advisers at odds over Chinese imports

U.S. 10/30/21, 15:14

The White House's key advisers want to remove tariffs on thousands of products imported from China, but the trade leaders said the Biden administration should not abandon America's previous trade commitments, even those made under former President Donald Trump. National security adviser Jake Sullivan wants the Biden administration to scale back ...

US, Chinese trade negotiators hinting to delay December tariff

U.S. 12/10/19, 21:00

The United States and China have until this Sunday, Dec. 15, to strike a Phase One trade deal. New U.S. tariffs will take effect on Sunday, unless trade negotiators from both countries reach an agreement. On Tuesday, Dec. 10, U.S. and Chinese trade representatives indicated that a unanimous agreement for the ...

United States raised $35 billion in tariffs to China

China 11/05/19, 14:30

The United States has collected more than $35 billion in tariffs on imports from China according to data from the Department of Customs and Border Protection (CBP). President Donald Trump began in 2018 an increase in tariffs on imports from China to try and correct the imbalance affecting several areas of ...

China economy grows at weakest pace in near 30-year, US tariffs bite

Business 10/18/19, 13:07

China’s economic growth dropped to the slowest level in nearly 30 years in the third quarter of 2019 as the tariff tensions with the United States hit its factory production. Reuters citing China’s statistics bureau reported the world’s second largest economy grew 6.0 percent on-year in the July-September period, after expanding ...

Eating President Trump’s tariffs, China has to launch new stimulus

Business 09/07/19, 14:33

China has taken new stimulus measures to fend off an economy suffering the worst year in several decades as it is “eating the tariffs” imposed by President Donald Trump administration. The People’s Bank of China (PBC) said on Friday, Sept. 6, that it would lower the required reserve ratio for financial ...

President Trump: Fed loves watching US manufacturers struggle with exports

Business 08/28/19, 06:11

President Donald Trump continued to keep up pressure on the Federal Reserve (Fed), criticizing the central bank for letting U.S. exporters struggle in a climate of high interest rates and a strong dollar. “The Federal Reserve loves watching our manufacturers struggle with their exports to the benefit of other parts of ...

Sino-US trade war ameliorates, stocks see upsurge

China 08/26/19, 17:55

Following Sunday’s talk between President Donald Trump and Chinese officials, the trade war between the two countries has seemingly reached a turning point after President Trump explored the possibility of a positive future of global economic growth with China. The stock market saw a sharp fall on Friday, Aug. 23, after ...

Trump says US firms ‘hereby ordered’ to quit China

U.S. 08/23/19, 21:09

President Donald Trump declared on Friday Aug. 23 for American companies "to immediately start looking" for alternatives to operating in China, hours after Beijing announced new trade sanctions on $75 billion in U.S. goods. President Trump said due to China's unfair trade practices they were pushing for a deal that ...

President Trump taking on China: “We have no choice but to do it”

U.S. 08/21/19, 04:46

President Trump said on Tuesday, Aug. 20, that he had to take on China during a meeting in the Oval Office with the president of Romania. Asked if his trade war with China could tip the country into recession, Trump brushed off the idea as “irrelevant” and said it was imperative ...

President Trump excludes Bible from Chinese items subject to tariffs

Politics 08/16/19, 10:10

U.S. officials announced Wednesday that Bibles would be excluded from Chinese product categories to which 10% tariffs will apply from Sept. 1 and Dec. 15. According to Reuters, other products were, due to their importance, also excluded from these categories, such as child safety seats, cranes used in ports and construction, ...

End of content

No more pages to load