The United States is pressing forward on various trade fronts, with ongoing efforts to close its deal with the European Union (EU), continued monitoring of its agreement with China and persistent negotiations with India. The US trade representative spoke about the progress in US trade deals with other countries in an interview with CNBC. EU…
WASHINGTON (AP) — The stock market was soaring and the sun was shining when President Donald Trump stepped out of the Oval Office on Wednesday afternoon. Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.S. trading partners, and investors were rejoicing after bracing for a global economic…
BANGKOK (AP) — Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, was due to take effect. Japan’s Nikkei 225 index initially lost nearly 4% and markets elsewhere in the region also declined. On Tuesday, the S&P 500 dropped 1.6% after wiping out…
A new proposal to impose substantial fees on US port calls by vessels made in China or linked to Chinese ownership has set up a clash between US lawmakers and representatives from American maritime, export and agriculture sectors in Washington this week. Last month, the US government began drafting a measure to boost domestic ship…
The Trump administration told Mexican officials that they should put their own duties on Chinese imports as part of their efforts to avoid tariffs threatened by President Donald Trump, according to people familiar with the matter. Commerce Secretary Howard Lutnick was among US officials who conveyed that message at a meeting Thursday in Washington with…
Five days into the new administration, the White House announced on Friday that it was conducting a “compliance review” of what it termed the “Economic and Trade Agreement” between China and the United States. A statement by the Office of the US Trade Representative (USTR) said the intent was to determine if China is “acting…