Hoosier manufacturers feel trade war sting
As the U.S./China trade war drags on, advanced manufacturers in central Indiana are scrambling to determine their best course of action—and there are no easy answers.
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U.S., China exchange goodwill gestures ahead of trade talks
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.
Trump agrees to 2-week delay in China tariff increase
President Donald Trump said the two-week delay in a planned increase in tariffs on some Chinese imports is “a gesture of good will.”
China says trade talks with U.S. to take place in October
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.”
U.S., China plan to have ‘a talk’ on trade, Trump says
President Donald Trump’s comments followed signs from China that it wouldn’t immediately retaliate against the latest U.S. tariff increase and wanted to focus on removing new tariffs, to prevent a further escalation of the trade war.
U.S., Japan agree in principle on trade deal focused on farmers
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.
Trump says serious trade negotiations with China to begin
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.
Trump vows response as China plans tariffs on $75B in U.S. goods
President Donald Trump on Friday called on U.S. companies with operations in China to consider an alternative place to do business after Beijing announced a series of retaliatory tariffs Friday.
Pence keeps up pressure for trade deal with Mexico, Canada
Vice President Mike Pence took his pitch on Wednesday to voters in a congressional swing district in southern New Mexico.
Beijing appeals to U.S. to ‘meet China halfway’ on trade talks
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.
U.S. moves toward agreement on Mexican tomatoes
The U.S. Department of Commerce said the deal with benefit tomato producers across America, including those in Florida, Indiana, Texas and Arizona.
Trump acknowledges China policies could mean U.S. economic pain
President Donald Trump said Tuesday his aggressive China trade policies might mean economic pain for Americans but insisted they’re needed for more important long-term benefits.
Economists survey: 74% expect U.S. recession by end of 2021
The economists surveyed were skeptical about prospects for success of the latest round of U.S.-China trade negotiations. Only 5% predicted that a comprehensive trade deal would result.
U.S. delays China tariffs on some holiday-shopping favorites
By granting a grace period for everyday items such as some phones and toys, the U.S. concession appears designed to avoid any disruption or additional price increases for American consumers heading into the final four months of the year—from back-to-school purchases to Christmas shopping.
Trump calls on Federal Reserve to make ‘substantial’ rate cuts
President Trump said that the Fed’s high level of interest rates in comparison to other countries was keeping the dollar too strong and making it more difficult for U.S. manufacturers to compete.
Markets recover from Monday sell-off after China buttresses its currency
U.S. stocks on Tuesday rebounded from their worst day of the year after Chinese efforts to stabilize the yuan reassured nervous investors that a global currency war had not been declared.
U.S. stocks claw back lost ground as China stabilizes currency
Technology stocks led the gains in a reversal of Monday’s slump, when they bore the brunt of the market sell-off that pushed U.S. indexes 3% lower.
Treasury Department designates China a ‘currency manipulator’
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
Stocks suffer worst drop of the year after China counters tariffs with cheaper currency
Major stock indexes dropped dramatically on Wall Street on Monday, their worst loss of the year, after China countered President Donald Trump’s latest tariff threat by letting its currency weaken to the lowest level in more than 10 years.
U.S. stock indexes slide as China’s currency hits 11-year low
U.S. stocks nosedived in morning trading Monday as China’s currency fell sharply and stoked fears that the trade war between the world’s two largest economies would continue escalating.