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The U.S. and China remain deadlocked on key issues blocking the path toward a trade agreement, according to multiple reports published on Thursday as representatives for the two countries meet in Beijing.
The trade deal U.S. negotiators are seeking will have some teeth in case China goes back on its trade promises, The New York Times reported.
Citigroup details three scenarios that investors may have to grapple with depending on how the trade talks progress this month.
Stocks rose on Tuesday amid news that U.S. lawmakers had secured a tentative deal on border security funding.
Eunice Yoon reports on the latest efforts by US and Chinese officials to reach a trade deal by March 1.
As Kayla Tausche reports, President Trump is expected to discuss trade at his State of the Union address Tuesday—and to specifically advocate passing the US-Mexico-Canada trade agreement, or the “New NAFTA.”
“Frankly, that shouldn’t be too surprising,” Ross says. “We would like to make a deal but it has to be a deal that will work for both parties.”
China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC.
U.S. stocks with big revenue exposure to China could be big winners if a trade deal comes through, according to HSBC.
As Eunice Yoon reports, the US and China don’t completely trust each other to keep promises on trade.
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.