Equity markets have rebounded in recent days as both President Trump and Chinese leader Xi Jinping sought to lower tensions that are clouding the outlook for the world’s biggest economies.
Supreme Court declines to hear challenge to Trump’s steel tariffs
The U.S. Supreme Court declined to question President Donald Trump’s imposition of more than $4 billion in steel tariffs, turning away an appeal that challenged his use of national security as the legal justification for his trade agenda.Read More
U.S. Treasury Secretary Steven Mnuchin said mid-level U.S. and Chinese negotiators will meet next week or the week after. Then a high-level Chinese delegation is likely to travel to Washington, D.C., to meet with Mnuchin and U.S. Trade Representative Robert Lighthizer.
President Donald Trump said the two-week delay in a planned increase in tariffs on some Chinese imports is “a gesture of good will.”
Officials will “conduct conscientious consultations” in mid-September to prepare, the Chinese Commerce Ministry said. It gave no details, but said the two sides want to create “favorable conditions.”
The U.S. and Japan agreed in principle on a trade deal under which Japan will slash tariffs on U.S. beef, pork and other agricultural products while continuing to face levies on its own auto exports.
President Donald Trump said his trade negotiators had received two “very good calls” from China on Sunday. He expressed his optimism about China hours after he sent mixed messages on the tariff war.
Vice President Mike Pence took his pitch on Wednesday to voters in a congressional swing district in southern New Mexico.
Beijing expressed hope that Washington can end a tariff war after President Donald Trump said Americans might need to endure economic pain to achieve longer-term benefits.
Indiana Lt. Gov. Suzanne Crouch is set to be part of a delegation of agriculture and tourism leaders that will head to Mexico to develop economic partnerships and strengthen agricultural ties.
The broad rally came after the world's two biggest economies agreed over the weekend to resume negotiations.
U.S. tariffs will remain in place against Chinese imports while negotiations continue. Additional trade penalties President Trump has threatened against billions worth of other Chinese goods will not take effect for the “time being.”
U.S. officials said President Donald Trump was focused above all on securing real structural reforms in China to address U.S. complaints about intellectual property theft and the widespread use of industrial subsidies among other things.
Financial markets greeted the news with relief Tuesday. The Dow Jones Industrial Average closed 1.4% higher, adding 353 points.
About 320 U.S. company and trade association representatives are set to appear over seven days of hearings starting Monday on President Donald Trump’s latest proposed tariffs on Chinese goods.
Vice President Mike Pence is on a quiet mission to advance the administration’s top legislative priority for the year—the troubled trade deal—and, with it, just maybe hold together a fraying Republican coalition.
President Donald Trump's aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party.
The Department of Homeland Security announced Wednesday that U.S. Border Patrol apprehensions of migrants illegally crossing the border hit the highest level in more than a decade in May: 132,887 apprehensions.
Mexican Foreign Secretary Marcelo Ebrard said immigration, not tariffs, was the main focus at the White House meeting, which included Secretary of State Mike Pompeo, Vice President Mike Pence and other U.S. officials.
Fiat Chrysler abruptly withdrew an offer to merge with French automaker Renault late Wednesday, a shocking reversal of a deal that could have reshaped the global auto industry.
American whiskey producers like Louisville-based Brown-Forman face stiff retaliatory tariffs in the European Union, the industry’s biggest export market, as part of the Trump administration’s trade disputes.