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The prominence U.S. Trade Representative Robert Lighthizer has in the negotiations could help to determine whether the White House takes a more aggressive or conciliatory approach to China.
Expect a deal between U.S. President Donald Trump and his Chinese counterpart Xi Jinping at the G-20 summit in Argentina, but manage your expectations, says Kirk Hartman, global chief investment officer at Wells Fargo Asset Management.
Tariffs collected in the latest fiscal year ended Sept. 30 rose by less than $7 billion from fiscal 2017, according to the Treasury. That is less than 0.2 percent of the $3.3 trillion the Treasury took in during the latest fiscal year.
The latest move by China’s central bank to cut the amount of reserves held by banks is an indication that authorities in the world’s second-largest economy are getting nervous about a long-drawn trade war with the U.S., experts said.
The U.S. and Mexico are prepared to move ahead alone on a new trade agreement, and Canada may get left behind, a top White House official said Friday.
The U.S. and China fired their latest billion-dollar shots in the escalating trade war this week. One market watcher is ready to declare a winner.
Despite the higher costs related to tariffs, Caterpillar raises its guidance.
To date, the Department of Commerce has approved 220 requests for exclusions of steel and aluminum and denied 175. The remaining tens of thousands are waiting to be processed.
Aditi Roy reports on the impact tariffs, and the threat of new ones, could have on the nation’s busiest port.
After the White House’s latest threat of 10 percent tariffs on $200 billion of Chinese goods, officials in Beijing are looking to “hit back in other ways,” according to a report by the Wall Street Journal.
“There’s no bright line level of the stock market that’s going to change policy,” the Commerce secretary says.
Canada Friday fired the latest round in a widening trade war sparked by President Donald Trump’s tough trade stance that helped him win the 2016 presidential election.
They may have to start passing out neck braces on trading floors if the White House’s contradictions on trade policies continue much longer. Investors are getting whiplash from watching the back-and-forth happening among Trump administration officials who can’t seem to agree on a trade policy. Monday’s action featured a series of mixed messages about President …
Even as growth ramps up to what could be the fastest rate since before the financial crisis, economists are worried that a trade war could tip the U.S. into a significant slowdown or even a recession. Fears over a GDP pullback comes as President Donald Trump threatens another more severe round of tariffs aimed both at China and the European Union.
As China and the U.S. near a trade war, both nations bring different weapons to the table. For the U.S., it’s direct tariffs on the plethora of goods it imports, while for China the calculus is a little different.