President Donald Trump's latest tariff hikes on Chinese goods took effect Friday and Beijing said it would retaliate, escalating a battle over China's technology ambitions and other trade strains.
U.S. and Chinese negotiators are to resume trade talks Thursday, just hours before the United States is set to raise tariffs on Chinese imports.
The announcement suggests President Xi Jinping's government is putting its desire to end a conflict that has battered Chinese exporters ahead of the political need to look tough in the face of U.S. pressure.
Accusing Beijing of "reneging" on commitments it made in earlier talks, the nation's top trade negotiator said Monday that the Trump administration will increase tariffs on $200 billion in Chinese goods.
President Trump's comments, delivered on Twitter, came as a Chinese delegation was scheduled to resume talks in Washington, D.C., on Wednesday aimed at resolving a trade war that has shaken investors and cast gloom over the world economy.
The next round of China-U.S. trade talks will get under way in Beijing this week with significant issues still unresolved but with enforcement mechanisms nearly in place, U.S. Treasury Secretary Steven Mnuchin said.
The commission's analysis is expected to kick off a contentious congressional debate on the regional trade pact designed to replace the 25-year-old North American Free Trade Agreement.
The former Indiana governor will arrive early Thursday afternoon aboard Air Force Two at Indianapolis International Airport.
The U.S. and China opened a ninth round of talks Wednesday with optimism that the parties would narrow the areas of disagreement further this week.
The president’s comments dim hopes that round-the-clock trade negotiations between the world’s two biggest economies could lead to them removing the roughly $360 billion in tariffs they’ve imposed on each other’s imports.
Berry Global Group CEO Tom Salmon, already coming off a string of acquisitions, is making the company’s biggest purchase amid a rapidly consolidating market for plastic packaging.
Holcomb will be accompanied by Indiana Secretary of Commerce Jim Schellinger, Indiana Economic Development Corp. directors John Thompson and Mark Neal and IEDC staff.
U.S. and Chinese negotiators met through the weekend as they seek to resolve a trade war that's rattled financial markets.
Hundreds of companies have received permission to import millions of tons of steel without paying tariffs. Two subsidiaries of Japanese companies, both in the suburbs of Indianapolis, had vastly different experiences with the waiver requests.
A coalition of more than 200 trade associations spanning agriculture, manufacturing, retail, technology, oil and even liquor will begin a new two-pronged attack next week to try to end the policies they see as damaging.
President Donald Trump also said a final deal probably won't be finalized until he and Chinese President Xi Jinping meet again. Trump did not say when such a meeting would happen.
China and the United States concluded three days of talks Wednesday with a cautious sense of optimism that the world’s two biggest economies might be able to reach a deal that ends their bruising trade war.
The Trump administration expressed optimism it can reach a “reasonable” trade deal with China as negotiations began in Beijing.
China sounded a positive note ahead of talks with U.S. trade officials this week on a sprawling trade dispute, but the two sides face lengthy wrangling over technology and their future relationship.
The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness.
