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

G20 finance chiefs cite ‘intensified’ trade row, but don’t call for its resolution

FUKUOKA, Japan (Reuters) – Group of 20 finance leaders said on Sunday that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict. Christine Lagarde, managing director of the International Monetary Fund (IMF), Continue Reading

Hard for Xi, Trump to make progress on trade: former China central bank chief

BEIJING (Reuters) – China’s President Xi Jinping and U.S. President Donald Trump are likely to find it “difficult” to make major progress toward ending their countries’ trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday. Containers are seen Continue Reading

Trump administration announces $16 billion farm aid plan to offset trade war losses

WASHINGTON (Reuters) – The Trump administration on Thursday unveiled a $16 billion farm aid package to offset losses from a 10-month trade war with China and said payment rates to farmers would be determined by where they farm rather than what crops they grow. The package, the bulk of which Continue Reading

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

(Corrects title in 17th paragraph of this May 17 story to say “Chief Financial Officer” Meng Wanzhou, not “Chief Executive Officer”.) By Karen Freifeld (Reuters) – The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it Continue Reading

U.S. and China at impasse over trade, Kudlow says new tariffs will remain

WASHINGTON/BEIJING (Reuters) – The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests. U.S. President Donald Trump, U.S. Secretary of State Mike Continue Reading

Trump says Beijing ‘broke’ trade talk deals, pledges to keep tariffs on Chinese goods

PANAMA CITY, Fla./WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday that China “broke the deal” it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing “stops cheating our workers.” The U.S. Trade Representative’s Continue Reading

Scrapping India’s trade privileges could hit U.S. consumers, senators say

NEW DELHI (Reuters) – A U.S. plan to end preferential duty-free imports of up to $5.6 billion from India could raise costs for American consumers, two U.S. senators have told their country’s trade office, urging a delay in adopting the plan, and seeking more negotiations. FILE PHOTO: A man holds Continue Reading

Overdone? Short EU equities ‘most crowded’ trade for first time

LONDON (Reuters) – Fund managers have named bearish bets in European equities as the “most crowded” trade in Bank of America Merrill Lynch’s survey for the first time in its history, suggesting sentiment for one of the world’s most shunned markets may rise from here. FILE PHOTO: The German share Continue Reading