The US president has said he does not want to speak to his Chinese counterpart Xi Jinping and threatened to sever ties with Beijing, as the standoff between the two countries continues. US President Donald Trump has said he might cut ties with China over its handling of the coronavirus pandemic, indicating further deterioration of…
‘We’re restoring America’s industrial might like never before’ President Trump signed the historic United States-Mexico-Canada Agreement, replacing the Clinton-era North American Free Trade Agreement that he called a “disaster.” The USMCA, which is the biggest trade deal of all-time, covers more than $1.3 trillion of commerce and is the second major trade deal secured by the Trump…
‘It doesn’t get any bigger than this’ President Trump signed a landmark trade agreement with China, heralding a period of detente in a trade war between the world’s two largest economies fueled by decades of complaints that Beijing was manipulating its currency and stealing trade secrets from American firms. The pact, detailed in a 94-page document, is only the initial…
The United States-Mexico-Canada Agreement sailed through the U.S. Senate on Thursday, giving President Trump his second major trade win in as many days. The biggest trade deal of all time, the pact encompasses more than $1.3 trillion of commerce. While winning enough votes to pass in the Republican-led Senate was anticlimactic after months of modifications by the Democratically-controlled House, it…
The Phase 1 deal reached last month is expected to cut tariffs and boost Chinese purchases of US farm, energy and manufactured goods while addressing some disputes over intellectual property. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. (Photo: Reuters) China’s Vice Premier Liu He, head…
KEY POINTS Hong Kong’s government said domestic consumption weakened amid ongoing anti-government protests. It also cited the protracted U.S.-China trade war as another factor, as Hong Kong reported “an enlarged decline” in exports. With no end in sight for either the protests or the U.S.-China trade war, economists said that they believe Hong Kong’s economy…
The U.S. and China have reached a partial trade pause. President Trump, speaking at the White House, said: “We’ve come to a very substantial phase one deal”…adding it will take three to five weeks to get written. The deal includes intellectual property, financial services and $40-$50 billion related to agriculture products. It is unclear what the U.S will give…