trade

World News

China's Leaders Are Divided Over Trade War With U.S.

5:31pm August 26, 2019

Various government factions want to take different tacks toward the trade war. Some argue for cutting a deal quickly to save the economy, while others call for a war of attrition with President Trump.

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A group representing importers said it was gratified that the Trump administration is lifting the tariffs on Mexican tomatoes. But it cautioned that beefed-up inspections could act as another barrier to free trade.

Tomato Truce: U.S. And Mexico Strike A Deal On Imports

3:49pm August 21, 2019

by Scott Horsley

The U.S. agreed to lift tariffs on imported tomatoes from Mexico. But importers warn that stepped-up inspections could still create bottlenecks, limiting supplies and raising produce prices.

President Trump and China's leader Xi Jinping leave a business leaders event in Beijing in 2017. Relations involving trade and other areas between the two countries have deteriorated.

Big Chill With China Takes Its Toll On Flow Of Money, People And Ideas

12:48pm August 07, 2019

by Emily Feng

As tensions deepen, the flow of tourists, students, researchers and entrepreneurs has slowed between the U.S. and China.

"What really does set this list of products apart from all of the earlier tariffs are it's basically consumer goods," said Chad Bown, a trade analyst at the Peterson Institute for International Economics. "It's clothing, and toys, iPhones."

Get Ready For Higher Prices If New Tariffs Hit Goods From China, Retailers Warn

7:23pm August 02, 2019

by Scott Horsley

Retailers predict rising prices if President Trump goes through with his threat to add new tariffs to Chinese imports. Meanwhile, the White House announced a deal to boost beef exports.

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A container ship sits in a berth at the Port of Oakland in California last year. President Trump announced additional tariffs on imports from China on Thursday.

Trump Ratchets Up U.S.-China Trade War With More Tariffs; Stocks Slide

5:33pm August 01, 2019

by Jim Zarroli

President Trump said the United States will impose a new 10% tariff on $300 billion worth of goods imported from China, saying Beijing had broken some of the promises it made in trade negotiations.

U.S. Treasury Secretary Steven Mnuchin (left) looks on as U.S. Trade Representative Robert Lighthizer speaks with and Chinese Vice Premier Liu He in Shanghai on Wednesday.

No U.S.-China Trade Deal Yet; Talks To Resume In September

10:30am July 31, 2019

by Avie Schneider

The White House called the brief talks in Shanghai this week between top U.S. and Chinese officials "constructive" and said negotiations are expected to pick up again in early September.

France will levy a 3% tax on digital companies that make large profits in the country. French Economy and Finance Minister Bruno Le Maire, who championed the measure, is seen here on Wednesday in Paris.

France Approves Tax On Big Tech, And U.S. Threatens To Retaliate

4:08pm July 11, 2019

by Laurel Wamsley

French officials have been frustrated that digital companies have been able to avoid taxes by establishing their European headquarters in countries that offer corporations low tax rates.

President Trump, shown here with India's Prime Minister Narendra Modi at the Group of 20 meeting in Buenos Aires last November, will be meeting the Indian leader again at the Osaka G-20 on Friday, amid rising trade tensions.

World News

Opinion: Don't Let U.S.-India Trade Differences Escalate Into A Trade War

3:04pm June 27, 2019

by Alyssa Ayres

President Trump will meet with Indian Prime Minister Narendra Modi at the G-20. Trade tensions threaten to overshadow progress in strategic ties, former State Department official Alyssa Ayres writes.

Chinese President Xi Jinping and Russian President Vladimir Putin shake hands during their meeting at the Grand Kremlin Palace on Wednesday in Moscow.

World News

As Relations With U.S. Sour, Xi Describes Putin As 'Best Friend' At Moscow Meeting

11:04am June 06, 2019

by Scott Neuman

The Chinese leader met with his Russian counterpart in the Kremlin on Wednesday. Former rivals Russia and China have drawn closer in recent years.

Trucks are seen heading into the United States from Mexico along the Bridge of the Americas in El Paso, Texas, on Tuesday. U.S. industries say President Trump's threatened tariffs on goods from Mexico raised uncertainty just as they were looking forward t

White House's About-Face On Mexican Trade A 'Gut Punch' To U.S. Businesses

5:13pm June 04, 2019

by Yuki Noguchi

U.S. industries, from grocers to clothing-makers, say President Trump's threatened tariffs on goods from Mexico raise uncertainty. The turmoil comes just as a new trade agreement seemed near.