trading partners

BEIJING | China gets US tariff delay but movement on tech unclear

BEIJING — Buy more U.S. exports? Done. Tinker with technology tactics that irk Washington and other trading partners? Maybe. But scrap those plans, seen by Beijing as a path to prosperity and influence? Probably never. The agreement by President Donald Trump and his Chinese counterpart Xi Jinping on a cease fire on tariffs postpones the … Continue reading BEIJING | China gets US tariff delay but movement on tech unclear

US stocks sharply higher on US-China trade truce; oil surges

U.S. stocks surged in early trading Monday after the U.S. and China agreed to a 90-day truce in their escalating trade dispute, sending the Dow Jones Industrial Average up 300 points. Technology companies led the rally, which followed gains in overseas markets as investors welcomed news of the trade pact, which was struck over dinner … Continue reading US stocks sharply higher on US-China trade truce; oil surges

SINGAPORE | Shares climb in Europe, Asia on Trump-Xi tariffs truce

SINGAPORE  — Shares surged Monday in Europe and Asia after the U.S. and China reached a 90-day truce in a trade dispute that has dampened global growth and rattled investors worldwide. KEEPING SCORE: Germany’s DAX climbed 2.5 percent to 11,542.49 and France’s CAC 40 was up 2 percent at 5,101.80. Britain’s FTSE 100 added 2.2 … Continue reading SINGAPORE | Shares climb in Europe, Asia on Trump-Xi tariffs truce

BEIJING | China says talks with US on trade battle have resumed

BEIJING — Washington and Beijing have resumed talks over their spiraling trade dispute ahead of a meeting between Presidents Xi Jinping and Donald Trump, China’s Commerce Ministry said Thursday. The two sides are “maintaining close contact” following a Nov. 1 phone call between Xi and Trump, said ministry spokesman Gao Feng. He gave no details … Continue reading BEIJING | China says talks with US on trade battle have resumed

WASHINGTON | US trade gap grew to $54 billion in September

WASHINGTON — Record imports expanded the U.S. trade deficit for the fourth straight month in September, as the politically sensitive trade deficit in goods with China hit a record. The Commerce Department said Friday that the gap between what America sells and what it buys abroad climbed to $54 billion, up 1.3 percent from $53.3 … Continue reading WASHINGTON | US trade gap grew to $54 billion in September

WASHINGTON | Fed seems poised to raise rates for a 3rd time this year

WASHINGTON — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government spending, could weaken next … Continue reading WASHINGTON | Fed seems poised to raise rates for a 3rd time this year

Slide in banks, energy firms weighs on US stock indexes

Stocks drifted mostly lower in late-afternoon trading on Wall Street Thursday, on track to add to the market’s modest losses a day earlier. A slide in banks and energy companies offset solid gains for the technology sector. Homebuilders also declined following new data showing sales of new U.S. homes slumped in July. KEEPING SCORE: The … Continue reading Slide in banks, energy firms weighs on US stock indexes

WASHINGTON | Mnuchin expresses optimism trade standoffs can be resolved

WASHINGTON | April 22, 2018 (AP)(STL.News) The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion. But U.S. Treasury Secretary Steven Mnuchin expressed cautious optimism Saturday that countries could settle their differences without a trade war. Mnuchin met during … Continue reading WASHINGTON | Mnuchin expresses optimism trade standoffs can be resolved