Once again, Presidents Donald Trump and Xi Jinping have hit the reset button in trade talks between the world's two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial markets on edge and cast a cloud over the global economy. But when U.S. and Chinese negotiators sit down to work out details, the same difficult task … [Read more...] about Cease-Fire in US-China Trade War Doesn’t Bridge Differences
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Paul Wiseman and Kevin Freking Associated Press Published 4:18 PM EDT May 10, 2019 Beijing – Trade talks between the U.S. and China broke up Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports. Trump asserted on Twitter that there was “no need to rush” to get a deal between the … [Read more...] about US-China talks break up after US raises tariffs
Seeking better-skilled workers, Cedar Electronics decided last year to return some of its manufacturing to the United States from the Philippines, only to run smack into a worsening U.S.-China trade war. Cedar makes radar and laser detection systems. When it shifted the assembly of those machines to Westchester, Ohio, it provided jobs for 30 people. Yet with President Donald … [Read more...] about US-China Trade War Could Soon Pose a Serious Economic Threat
By imposing tariffs on $200 billion more in Chinese goods starting next week, President Donald Trump has intensified his trade war with Beijing and triggered the likelihood of price increases for many American companies and consumers. Beijing has said it will swiftly retaliate against American exporters — a move that stands to hurt U.S. farmers and other companies that … [Read more...] about US-China Tariffs: What’s Behind Them, Who Stands to Be Hurt?
The United States and China have imposed tariff increases on an additional $16 billion of each other's goods in a new escalation of their battle over Beijing's technology policy. The 25 percent penalty duties took effect Thursday at one minute after midnight, Washington time, or noon in Beijing. The Chinese government criticized the U.S. increase as a violation of World Trade … [Read more...] about US, China Raise Tariffs in New Round of Trade Dispute