China and the United States de-escalated their bruising trade war in talks last month (Hector RETAMAL) China’s exports jumped in June, official data showed Monday, beating forecasts in a month when Washington and Beijing agreed a tentative deal to lower swingeing tariffs on each other. Data from the General Administration of Customs said exports rose…
Photo: Michael M. Santiago (Getty Images) Stocks surged into the close Thursday after a wobbly start, with all major indexes ending firmly in the green. The Nasdaq led gains, up 2.74%, while the S&P 500 climbed 2.03% and the Dow added 1.23%. Gold rose nearly 2% as volatility fell sharply, with the VIX down over…
By Yukun Zhang, Jing Xu and Lewis Jackson BEIJING (Reuters) – China called for all “unilateral” U.S. tariffs to be cancelled on Thursday, as signs emerged that the Trump administration may de-escalate its trade war with Beijing. China also clarified it has not held trade talks with Washington despite repeated comments from the U.S. government…
China’s Ministry of Commerce engaged in discussions with Walmart (WMT, Financials) regarding the company’s reported request for price reductions from Chinese suppliers in response to new U.S. tariffs, multiple media outlets reported. Reports from Chinese state media indicate that Walmart reportedly pushed producers of kitchenware and apparel as well as other suppliers to cut prices…