Trade war

U.S. 01/14/20, 04:47

President Donald Trump’s administration has removed the label of currency manipulator for China as the two economic powers are due to sign the Phase One trade deal after 18 months of fierce negotiations. The Treasury Department released its decision in the semiannual Report on Macroeconomic and Foreign Exchange Policies of Major ...

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 ...

U.S. 09/17/19, 14:07

U.S. farmers suffering from the trade war with China have received $4.07 billion of the latest round of government trade aid as of Monday, Sept. 16, the U.S. Department of Agriculture (USDA) confirmed in an email to Reuters. USDA Communications Director Michawn Rich said the department has received more than 302,000 ...

Business 09/12/19, 14:06

Mexico could begin to benefit if the United States and China decide to continue the trade war, because it has a strengthened industrial fabric in the field of manufacturing and numerous trade agreements. Mexico has emerged as a manufacturing center "with free-trade agreements that offer guaranteed access to more than 50 ...

Business 09/08/19, 14:08

The United States remains the largest single market for China’s exports in the first eight months of 2019, the latest data shows. China’s General Administration of Customs on Sunday released data showing its total imports and exports with the United States valued at $47.7 billion in August, bringing the combined value ...

Business 08/31/19, 12:08

President Donald Trump has reaffirmed that new tariffs on Chinese goods are still set to take effect on Sunday, Sept. 1, after a number of companies have called to put back the schedule, CNBC reported. Speaking to reporters before departing the White House on Friday evening, Aug. 30, President Trump said ...

Business 08/26/19, 14:10

Chinese Deputy Prime Minister Liu He, who has led the so-called trade war talks with the United States, said on August 26 that his country will resolve the crisis in a calm manner. "We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose ...

U.S. 08/26/19, 03:57

The trade war between the U.S. and China may impact Americans somewhat, but according to South Carolina GOP Sen. Lindsey Graham, it is necessary to facilitate change with the Chinese communist regime. “How do you get China to change without creating some pain on them and us? I don’t know,” ...

Politics 08/25/19, 10:56

The White House has clarified that President Donald Trump meant he should have raised tariffs on China even higher when he said on Sunday, Aug. 25 that he had second thoughts about scaling up the trade fight against Beijing. “The president was asked if he had ‘any second thoughts on escalating ...

Politics 08/24/19, 15:33

President Donald Trump on Friday, Aug. 23, asserted his measures are going to win China after Beijing has been hitting the U.S. economy for long time. "We’re having a little spat with China, and we’ll win it. We put a lot of tariffs on China today, as you know.  They put ...

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 ...

Politics 08/23/19, 19:04

President Donald Trump continued his trade fight with China on Friday, Aug. 23, raising retaliatory tariffs and ordering American companies to consider alternatives to doing business there. Trump said he would be raising planned tariffs on $300 billion in Chinese goods from 10% to 15%. The Office of the U.S. Trade ...

Politics 08/23/19, 13:54

President Donald Trump in a series of tweets on Friday, Aug. 23, ordered all U.S. companies with operations in China to begin looking for alternatives in response to retaliatory tariffs from Beijing. The president started by tweeting, "Our Country has lost, stupidly, Trillions of Dollars with China over many years. They ...

Politics 08/23/19, 13:43

China took a retaliatory measures against the United States on Friday, Aug. 23, by announcing a new round of tariffs on $75 billion of U.S. goods. In a response, President Donald Trump talked tough on Beijing. China's Finance Ministry said in a statement that tariffs of 10 percent and 5 percent ...

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 ...

Politics 08/18/19, 13:21

White House trade adviser Peter Navarro asserted on Sunday that tariffs on China are not hurting U.S. consumers or farmers, despite reports to the contrary from researchers. "We're in a situation where consumers have not been hurt, China is bearing the entire burden," Navarro said on CNN's "State of the Union."  "You put ...

U.S. 08/09/19, 16:31

President Donald Trump spoke to White House reporters on Friday before leaving for his annual August vacation at his lush New Jersey golf club. Despite being tested on different fronts, the president was optimistic, indicating he is on top of matters at home and abroad. However, the trade dispute with China ...

World 08/09/19, 14:26

President Donald Trump on Friday said he was not ready to make a trade deal with China, and a planned September talk between White House officials and Beijing could be called off. “We are talking to China. We are not ready to make a deal, but we’ll see what happens,” Trump ...

Business 08/05/19, 14:21

President Donald Trump blasted China on Monday, Aug. 5, accusing Beijing of “currency manipulation” and “major violation” after it devalued the yuan below the psychological level of 7 units per U.S. dollar for the first time in more than a decade. "China dropped the price of their currency to an almost ...

Business 08/05/19, 10:43

The Central Bank of China, under the control of the Chinese Communist regime, devalued the yuan below the psychological level of 7 units per U.S. dollar on Monday, Aug. 5.  This is the first time that the Chinese currency has weakened below this level since 2008, during the global economic crisis, ...