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EU trade chief sees possible extension to May 18 deadline for U.S. car tariffs: Newspaper

European Trade Commissioner Cecilia Malmstroem expects U.S. President Donald Trump to delay a May 18 deadline for U.S. tariffs on cars imported from the European union, according to an interview published in the Sueddeutsche newspaper on Monday.

By |2019-05-13T05:55:23-05:00May 13th, 2019|Economy|0 Comments

Trump Increases China Tariffs as Trade Deal Hangs in the Balance

President Trump escalated his trade war with China on Friday morning, raising tariffs on $200 billion worth of Chinese goods and taking steps to tax nearly all of China’s imports as punishment for what he said was Beijing’s attempt to “renegotiate” a trade deal.

By |2019-05-10T06:05:53-05:00May 10th, 2019|Economy|0 Comments

China backtracked on nearly all aspects of U.S. trade deal – Sources

The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world's two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.

By |2019-05-08T06:15:53-05:00May 8th, 2019|Economy|0 Comments