Trump administration pushing to rip global supply chains from China: officials

WASHINGTON (Reuters) – The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning. President Donald Trump, who has stepped up recent attacks on Continue Reading

Futures inch lower on worsening China virus concerns, mixed earnings

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 21, 2020. REUTERS/Brendan McDermid (Reuters) – U.S. stock index futures edged lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in Continue Reading

U.S., China agree to semi-annual talks aimed at reforms, resolving disputes: WSJ

FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China, November 9, 2017. REUTERS/Damir Sagolj (Reuters) – The United States and China have agreed to hold semi-annual talks aimed at pushing for reforms Continue Reading

Wall St. set to fall at open as Trump signals delay in China trade deal

(Reuters) – U.S. stocks were set to drop at the open on Tuesday after comments from President Donald Trump sparked fears of a delay in resolving a bruising tariff dispute with China until after the presidential election in November 2020. FILE PHOTO: Traders work on the floor at the New Continue Reading

U.S.-listed China shares, indexers, fall after delisting reports

NEW YORK (Reuters) – Shares of Chinese stocks traded in the United States, along with indexing companies, slumped on Friday after reports the Trump administration was considering delisting Chinese firms from U.S. stock exchanges and limiting U.S. investment in China-based securities. The potential moves, which could dramatically escalate U.S.-China trade Continue Reading

China, U.S. had ‘constructive’ trade talks in Washington: Xinhua

FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo/File Photo BEIJING (Reuters) – China and the United States had “constructive” discussions on trade in Washington, state news agency Xinhua said Continue Reading

Oil soars after Saudi facility attacks, weak China data hits shares

SYDNEY (Reuters) – Oil surged to four-month highs on Monday after weekend attacks on crude facilities in Saudi Arabia sparked supply fears, while shares in Asia extended losses as bleak economic data from China sapped investors’ risk appetite. FILE PHOTO – Passersby are reflected on a stock quotation board outside Continue Reading

Amid U.S. vaping crackdown, Juul enters China with online store openings

SHANGHAI (Reuters) – U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group and JD.com to tap the world’s largest market of smokers. FILE PHOTO: Juul brand vaping pens are seen for Continue Reading

China says U.S., China should make compromises in trade talks

BEIJING (Reuters) – China and the United States should be willing to make compromises in trade talks and not insist only on what each side wants, Chinese Vice Commerce Minister Wang Shouwen said on Monday. FILE PHOTO: Chinese Vice Commerce Minister and Deputy China International Trade Representative Wang Shouwen attends Continue Reading