Facing a March deadline, talks aimed at ending a trade war between China and the U.S. are underway, with the world’s two biggest economies expressing optimism over the potential for progress but neither indicating its stance has changed.
Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression.
The resumption of soybean sales to China this week is encouraging to American farmers who have seen the value of their crop plummet amid a trade war with the world’s second-largest economy, but producers see it only as a small step and say they need more federal aid.
The Trump administration is celebrating the 90-day truce it reached in its trade war with China as a significant breakthrough despite scant details, a hazy timetable and widespread skepticism that Beijing will yield to U.S. demands anytime soon.
The truce in the trade dispute between the U.S. and China should boost rattled financial markets, at least through the year’s end, experts say. But the stock market’s recent wild gyrations likely will persist as the two countries strain to reach a permanent accord.
Sitting in his office beside photos of grandchildren decked in Philadelphia Flyers jerseys, Christopher Scott shakes his head. Another email has come in from another supplier. It wants to raise prices to cover the cost of President Donald Trump’s tariffs.
From Ford to Walmart to Procter & Gamble, a growing number of iconic American companies are warning that President Donald Trump’s tariffs on U.S. imports are raising their costs and prices.
Taking center stage at the United Nations, President Donald Trump on Wednesday accused China of trying to interfere in the upcoming U.S. congressional elections because it opposes his tough trade policies.
China and the United States imposed new tariff hikes on each other’s goods Monday and Beijing accused Washington of bullying, giving no sign of compromise in an intensifying battle over technology that is weighing on global economic growth.
The U.S.-China trade war escalated further Tuesday, with China announcing retaliatory tax increases on $60 billion worth of U.S. imports, including coffee, honey and industrial chemicals.