Business > U.S.

China confirms preliminary trade deal with U.S

1 month ago   |   By Politico

The Chinese government confirmed Friday that it has reached a preliminary trade deal with the U.S., but stopped short of saying it will meet President Donald Trump's demand of increasing purchases of U.S. farm goods to $50 billion annually. "The two sides have agreed to complete as quickly as possible the legal review" working out arrangements for official signing of the agreement, which includes nine sections, Wang Shouwen, Chinese vice minister of Commerce, said during a press conference in Beijing. "The U.S. side will fulfill its commitments of removing tariffs on Chinese products phase...
Read more ...

 

Trump says US, China have reached deal; Sunday tariffs off

Trump says US, China have reached deal; Sunday tariffs off

1 month ago   |   By WGN TV

WASHINGTON - President Donald Trump said Friday that the U.S. has canceled plans to impose new tariffs on $160 billion worth of Chinese imports Sunday as part of a modest interim agreement that de-escalates a 17-month trade war between the world's two biggest economies.
The United States is also reducing existing import taxes on about $112 billion in Chinese goods from 15% to 7.5%
In return, Trump said on Twitter, the Chinese have agreed to “massive” purchases of American farm and manufactured products. He did not specify how big those purchases would be.
Chinese officials said at a...
Read more ...

 

President Trump says US, China have reached trade deal

President Trump says US, China have reached trade deal

1 month ago   |   By WMUR

The president said a new round of tariffs set to take effect on Sunday would be canceled.
Read more ...

 

Trump says US will lower China tariffs as part of interim trade agreement

Trump says US will lower China tariffs as part of interim trade agreement

1 month ago   |   By Business Insider

President Donald Trump confirmed Friday that the US has agreed to lower tariffs against China as part of an interim trade agreement.
China had announced moments earlier that the two sides had reached the text of a so-called phase one deal.
As part of the agreement, Trump said the US would lower the tariff rate on China to 7.5% from 25% and cancel plans to hit virtually all imports from that country on Sunday.
Visit Business Insider's homepage for more stories .
President Donald Trump confirmed Friday that the US has agreed to lower tariffs against China as part of an interim trade...
Read more ...

 


Search by Tags

   U.S.      Donald Trump      World      Economy      Finance      News  


Conor McGregor gave 'Cowboy' Cerrone's grandma a big hug after knocking him...

Conor McGregor gave 'Cowboy' Cerrone's grandma a big hug after knocking him out in just 40 seconds

Conor McGregor dominated in his return to UFC action on Saturday night, knocking out veteran fighter Donald "Cowboy" Cerrone in just 40 seconds. After the fight, McGregor was... Read more ...

Trump brags his strike on Soleimani killed '2 for the price of 1' while...

Trump brags his strike on Soleimani killed '2 for the price of 1' while giving a behind-the-scenes account of the assassination to GOP donors at his Florida resort

President Donald Trump recounted the minutes leading up to the deadly US strike on top Iranian leader Qassem Soleimani during remarks to GOP donors at his Florida resort on... Read more ...

UFC 246 payday figures reveal HUGE GAP between Conor McGregor and rival...

UFC 246 payday figures reveal HUGE GAP between Conor McGregor and rival Donald 'Cowboy' Cerrone

Conor McGregor has boasted that he will make as much as $80 million from his UFC 246 main event with Donald Cerrone on Saturday night, though much of that will come in the form... Read more ...

Warren Buffett's 'most gruesome mistake' was buying Dexter Shoe. Here's the...

Warren Buffett's 'most gruesome mistake' was buying Dexter Shoe. Here's the story of his $9 billion error

Warren Buffett's "most gruesome mistake" was buying Dexter Shoe in 1993, a Maine shoemaker that soon collapsed under pressure from cheap foreign imports. The famed investor... Read more ...

The Trump administration proposed scrapping Michelle Obama's healthy school...

The Trump administration proposed scrapping Michelle Obama's healthy school lunch policy on her birthday

On Friday, Michelle Obama celebrated her 56th birthday. That same day, the USDA announced proposed rules that would roll back one of her signature policies as First Lady... Read more ...

Disneyland's newest 'Star Wars' ride is jaw-droppingly impressive and even...

Disneyland's newest 'Star Wars' ride is jaw-droppingly impressive and even the line to get on it is a blast

The new "Star Wars" Rise of the Resistance theme park ride opens in California's Disneyland on Friday, January 17. Insider previewed the ride, and it's an impressive show of... Read more ...

Big Tech's 'bully' tactics stifle competition, smaller rivals tell Congress

Big Tech's 'bully' tactics stifle competition, smaller rivals tell Congress

Apple, Amazon and Google wield their market dominance to bully smaller tech players with relative impunity, executives from smaller competitors testified on Friday at a... Read more ...

The trailer for 'Little Fires Everywhere' puts Reese Witherspoon and Kerry...

The trailer for 'Little Fires Everywhere' puts Reese Witherspoon and Kerry Washington at the center of a mysterious house fire

Hulu released the official trailer for its new miniseries " Little Fires Everywhere " on Friday, which stars Reese Witherspoon and Kerry Washington . The trailer opens on... Read more ...

Best Buy investigates claims that its CEO was romantically involved with...

Best Buy investigates claims that its CEO was romantically involved with another executive

Best Buy is investigating allegations that CEO Corie Barry was romantically involved with a fellow executive, the company confirmed to Business Insider on Friday. The claims... Read more ...

5 credit cards with welcome bonuses of 50,000 points or more, so you can get...

5 credit cards with welcome bonuses of 50,000 points or more, so you can get a head start on your warm-weather travel plans

Credit card welcome bonuses of 50,000 points or more can get you a free round-trip flight, several hotel nights, or more, depending on how you use them. While most credit card... Read more ...