Trump administration: China no longer designated as currency manipulator

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 ...

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 ...

Mexico: The unforeseen winner in the US-China trade war

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 ...

China, US two-way trade falls nearly 14% in first 8 months amid trade war

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 ...

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 orders American companies to leave China

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 ...

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 ...

Trump adviser Navarro: Chinese tariffs are not hurting US

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 ...

President Trump: China has ‘worst year’ in 35 years

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 ...

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