‘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…
In a speech in New York, the US president reiterates that scheduled 15 percent tariffs will be imposed on December 15 if a deal is not reached Interim agreement expected to include a US pledge to scrap tariffs scheduled for December 15 on about US$156 billion worth of Chinese imports US President Donald Trump speaking…
In a statement on 6 August, the People’s Bank of China (PBOC) slammed Washington’s decision to designate China as a “currency manipulator”. China’s yuan has continued its nosedive, weakening to 7.0488 to the US dollar on Wednesday, about 0.4 percent below its level late day yesterday. China’s Central Bank set the opening level for trading…
WASHINGTON — The U.S. is planning a new effort to help the Taiwanese government upgrade its military by allowing Taipei to buy billions of dollars’ worth of weapons systems, possibly including more than 100 tanks — a move that has already drawn criticism from Beijing. Washington is legally obliged under the Taiwan Relations Act of…
Greetings from Tyler, Of the many topics of national and international concern and interest this week, sanctions on Chinese goods, the consequences for farmers and American consumers has been the top story. Much was made of the plummeting stock market early in the week. When the losses were recovered mid-week, it didn’t even rate notice…
After President Donald Trump helped send markets tanking by feeding doubts about his trade deal with China, he stepped in Wednesday to pump up optimism in a series of early-morning tweets. The US President cited “very strong signals” overnight from Beijing, including recognition of a 90-day clock for talks — a key point that had been…
A Benjamin Franklin US 100-dollar banknote and a Chinese 100-yuan banknote depicting late Chinese chairman Mao Zedong are seen in a photo illustration, Jan. 21, 2016. ~Reuters Under pressure from a slowing economy, rising tariffs and skittish investors, China’s government appears to be considering looser controls on the value of the yuan. On Oct. 31,…