Chinese imports

WASHINGTON | Record imports push US trade gap to $55.5 billion in October

WASHINGTON — Record imports in October drove the U.S. trade deficit to the highest level in a decade. The Commerce Department said Thursday that the gap between the United States sells and what it buys from foreign countries hit $55.5 billion in October, the fifth straight increase and highest since October 2008. The politically sensitive … Continue reading WASHINGTON | Record imports push US trade gap to $55.5 billion in October

NEW YORK | Stocks edge higher before trade meeting; oil falls again

NEW YORK— Stocks are edging higher Friday ahead of the highly-anticipating trade meeting between President Donald Trump and President Xi Jinping of China. Investors have long hoped the two will use their meeting at the Group of 20 summit to start resolving the trade dispute between the two countries. Energy companies sank as crude oil … Continue reading NEW YORK | Stocks edge higher before trade meeting; oil falls again

TOKYO | Global stocks higher after wobbly trading on Wall Street

TOKYO — Global shares were mostly higher Wednesday after a wobbly day of trading on Wall Street and uncertainty ahead of the G-20 meeting of world leaders later in the week. KEEPING SCORE: France’s CAC 40 was up 0.4 percent in early trading at 5,004.04, while Germany’s DAX also added 0.4 percent to 11,350.38. Britain’s … Continue reading TOKYO | Global stocks higher after wobbly trading on Wall Street

WASHINGTON | IMF downgrades outlook for world economy to 3.7 pct. growth

WASHINGTON— The International Monetary Fund is downgrading its outlook for the world economy, citing rising interest rates and growing tensions over trade. The IMF said Monday that the global economy will grow 3.7 percent this year, the same as in 2017 but down from the 3.9 percent it was forecasting for 2018 in July. It … Continue reading WASHINGTON | IMF downgrades outlook for world economy to 3.7 pct. growth

NEW YORK | markets Right Now: Stocks open higher, building on gains

NEW YORK — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening higher on Wall Street, building on gains the market made a day earlier. Telecommunications companies rose Friday, led by a gain in AT&T. Major U.S. indexes are still at record highs. The British pound fell after British … Continue reading NEW YORK | markets Right Now: Stocks open higher, building on gains

BEIJING | China looks unlikely to give in after US tariff hike

BEIJING  — China unveiled a slew of changes under mounting pressure from U.S. President Donald Trump over technology. Beijing promised to cut tariffs, open its auto industry and buy American exports. But none of that was what Trump wanted: An end to development policies Washington says are based on theft of know-how and might erode … Continue reading BEIJING | China looks unlikely to give in after US tariff hike

NEW YORK | The Latest: Sec. Ross: Americans won’t feel trade-war sting

NEW YORK — The Latest on the U.S.-China trade war (all times local): 11:55 a.m. U.S. Commerce Secretary Wilbur Ross is downplaying the economic impact of the US-China trade war on consumers. When asked Tuesday morning on CNBC how tariff increases will impact American families, Ross said: “Because it’s spread over thousands and thousands of … Continue reading NEW YORK | The Latest: Sec. Ross: Americans won’t feel trade-war sting

WASHINGTON | Report: Trump going ahead with plans for new China tariffs

WASHINGTON — President Donald Trump is going ahead with plans to announce new tariffs on about $200 billion of Chinese imports, The Wall Street Journal reported Saturday. Both sides were preparing to hold new talks on their tariff dispute. Last week Trump told reporters such a move could come soon. The Journal cited unnamed people … Continue reading WASHINGTON | Report: Trump going ahead with plans for new China tariffs