Business > U.S.

China confirms preliminary trade deal with U.S

11 monthes 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

11 monthes 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

11 monthes 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

11 monthes 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  


Away is offering luggage bundles for discounts of up to $125 as part of its...

Away is offering luggage bundles for discounts of up to $125 as part of its first-ever Black Friday sale

Summary List Placement Black Friday 2020 and Cyber Monday 2020 are just around the corner and popular luggage brand Away has early deals already available. Away has only ever... Read more ...

New York Gov. Andrew Cuomo cancels his Thanksgiving plans, but 'don't tell...

New York Gov. Andrew Cuomo cancels his Thanksgiving plans, but 'don't tell his mom - she doesn't know yet'

Summary List Placement New York Gov. Andrew Cuomo will not be having his 89-year-old mother and two of his daughters over for Thanksgiving, according to a senior adviser. On... Read more ...

CEOs Urge Trump To Concede: 'Not A Moment To Waste' In Fighting COVID-19

CEOs Urge Trump To Concede: 'Not A Moment To Waste' In Fighting COVID-19

More than 150 business leaders released a letter calling on Trump to start the transition process given the urgent need to tackle the fallout from the pandemic. Read more ...

GSA announces it will provide Joe Biden with the resources to begin the...

GSA announces it will provide Joe Biden with the resources to begin the presidential transition

Summary List Placement The General Services Administration will provide President-elect Joe Biden with the "resources and services" he needs to begin his transition to the... Read more ...

11 Black Friday deals from cool startups that you can shop before Thanksgiving

11 Black Friday deals from cool startups that you can shop before Thanksgiving

Summary List Placement Black Friday officially begins on November 27, but some of our favorite startups are already offering discounts. For many, these are the only discounts... Read more ...

China just launched a mission to the moon to collect rock samples - the...

China just launched a mission to the moon to collect rock samples - the first time a country will have done so in more than 40 years

Summary List Placement For decades, planetary geologists have studied tiny chunks of lunar rock to unravel the moon's mysteries. The rocks have revealed how old the moon is... Read more ...

Biden supporters rush to defend reported Sec-of-State pick Antony Blinken...

Biden supporters rush to defend reported Sec-of-State pick Antony Blinken, who ‘got rich off corporate consulting'

As Antony Blinken was revealed to be presumed US president-elect Joe Biden's likely pick for secretary of state, a past report detailing the diplomat's business dealings and... Read more ...

Stocks jump as investors cheer AstraZeneca COVID-19 vaccine

Stocks jump as investors cheer AstraZeneca COVID-19 vaccine

US stocks were set to climb Monday as investors cheered a third promising coronavirus vaccine that could help the global economy return to normal. Futures contracts tied to the... Read more ...

Trump's closest business ally just admitted that the president lost the election

Trump's closest business ally just admitted that the president lost the election

Summary List Placement Stephen Schwarzman, the CEO of Blackstone and longtime supporter of President Donald Trump, has said it is "very certain" that Trump lost the... Read more ...

Covid-19 lockdowns have little impact as greenhouse gas concentration...

Covid-19 lockdowns have little impact as greenhouse gas concentration continues to rise - UN agency

The World Meteorological Organization has warned that CO2 concentration in the atmosphere is likely to go up in 2020 despite a reduction in global emissions due to... Read more ...