President Trump has confirmed that a team led by U.S. Treasury Secretary Steve Mnuchin will depart for Beijing “in a few days” to try and work out a deal. China says it welcomes the move. The visit comes as the United States is threatening to impose tariffs on up to $150 billion-worth of Chinese imports.
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Washington and Beijing may be working in the background to find a compromise on trade, but the latest tariffs are already taking their toll on U.S. companies.
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American farmers have carefully grown their relationship with Chinese customers, but for some, trade tensions are souring the fruits of their labor.
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The IMF said technological change played a significant role in dislocating people from the benefits of global trade.
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A united front from Japan and the United States on the DPRK, as their two leaders met for a second day in Florida.
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Trade tensions between the United States and China could also have a big impact on California. About half of the trade between the two countries passes through Los Angeles and Long Beach. These tensions could cause real problems for workers at ports in Southern California. CGTN’s Phil Lavelle reports.
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China announced Tuesday that U.S. Sorghum producers have been dumping their product in the Chinese market at artificially low prices. The ruling comes a day after the U.S. banned U.S. companies from selling parts to Chinese telecommunications giant ZTE.
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The president’s comments come after two weeks of mixed messages on trade from The White House. The administration had proposed tariffs on a total of 150 billion dollars’ worth of Chinese goods.
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The Trump administration has threatened tariffs on 150 billion dollars-worth of Chinese imports.
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“We will make great progress together!” the U.S. president tweeted.
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Washington and Beijing are in the midst of a growing trade dispute. China has pledged to ‘counter-attack with great strength’ if U.S. President Donald Trump levies tariffs on $100 billion more Chinese imports.
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Australian wine makers eye more sales to China as trade tension grows between Beijing and Washington. If China increases tariffs on U.S.-based wine, it could be a boon for Australia’s industry.
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When it comes to solving America’s trade deficit, some economists say it might be wise to look inward instead of blaming Beijing.
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White House officials say Thursday’s surprise order from U.S. President Donald Trump for another list of potential tariffs on $100 billion worth of Chinese imports, was all part of a plan.
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If a trade war sparks between the U.S. and China, the state of Iowa stands to lose more than most. It’s a top agricultural region, leading in corn, soybean and pork production.
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China has warned the U.S. that it’s not afraid to strike back if President Donald Trump imposes an additional $100 billion on Chinese goods.
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Politics, not economics, may be driving the escalating trade dispute between the world’s two largest economies.
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President Trump has asked the U.S. trade representative to consider $100 billion in additional tariffs against China as dispute escalates.
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The Trump administration’s proposed list of Chinese imports facing tariffs includes more than 1,300 products. Among them: electronics, medical equipment and batteries. Experts say the increase will likely be passed on to U.S. consumers raising questions about how they will react to higher prices.
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The United States is mistaken in choosing China as its trade sanction target, Chinese Foreign Minister Wang Yi said Thursday.
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In the midst of talks of a “trade war” between the U.S. and China, is the WTO.
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It’s a tit-for-tat trade dispute between the United States and China. Beijing strikes back at Washington with its own tariffs on U.S. goods. This came just hours after the U.S. unveiled proposals to impose more tariffs on Chinese imports.
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China’s proposed tariffs on U.S. products would be keenly felt in the Midwest region of the United States. It’s one of the most important agricultural areas of the country.
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The proposal will face an official public comment period, including a hearing, the statement said. Following this process, the USTR will issue a final determination on products that will face additional tariffs.
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Find out what U.S. products that are sent to China will face additional tariffs if U.S. plans to tariff more than 1,300 Chinese imports goes forward.
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China on Wednesday unveiled a list of products worth $50 billion imported from the United States that will be subject to higher tariffs, including soy bean, automobiles and chemical products.
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CGTN’s Wang Guan spoke to the Chinese Ambassador to the U.S. Cui Tiankai for an exclusive interview on the U.S. and China’s shifting trade relationship.
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The proposal will face an official public comment period, including a hearing, the statement said. Following this process, the USTR will issue a final determination on products that will face additional tariffs.
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The proposed list covers about 1,300 individual tariffs in aerospace, information and communication technology, robotics, and machinery.
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China has responded to Washington’s tariffs on imports of steel and aluminum with tariffs on 129 US exports worth an estimated $3-billion a year. It could spell the start of a trade war.
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Cui Tiankai, Chinese Ambassador to the U.S. comments on the Sino-U.S. trade conflict and Chinese countermeasures to U.S. tariffs.
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The Customs Tariff Commission of the State Council will now impose a tariff of 15 percent on 120 products imported from the United States, as well as a tariff of 25 percent on eight U.S. imports including pork, according to a statement from the ministry’s website.
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Nearly 60 percent of all U.S. soybeans are exported to China each year. President Trump’s decision to impose tariffs on Chinese imports has left soybean farmers concerned about retaliatory tariffs.
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If there is a trade war between China and the United States, Brazilian soybean exports may get a boost. That’s because China could be looking for potential suppliers like Brazil to replace soybeans from the U-S.
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Local family businesses in the U.S. are concerned over President Trump’s tariffs.
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How much will China suffer from a trade war – Chinese officials insist they’re not worried.
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Upon hearing news that China could slap tariffs on California wines, some expressed concern about a possible trade war with this country’s biggest trading partner.
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This all comes after U.S. President Trump called for a reduction of the trade deficit with China.
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Soybeans are a key industry in the U.S., with more then 50-percent exported to China. But President Trump’s trade tactics have soybean farmers worried about retaliatory tariffs. CGTN’s Dan Williams reports.
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A new twist in the trade dispute between China and the U.S. After days of harsh words, the two sides are now quietly searching for a resolution.
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As fewer and fewer people remain offline, the focus is beginning to shift to new technologies that rely on data collected from the internet.
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As US tariffs on steel and aluminum imports took effect, President Trump announced it has likely reached a deal with South Korea to exempt it from the sanctions.
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China is currently one of California’s biggest importers of wine, but is that going to stay the case?
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Donald Trump’s tariffs on China have raised the prospect of a global trade war. But this kind of complaint was made repeatedly during the 1980s.
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With a stroke of his pen, U.S. President Donald Trump sets up a plan to impose up to $60 billion in tariffs against China.
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The Trump administration has announced what could over $50 billion worth of tariffs on China while also preparing to file new complaints against China at the World Trade Organization, raising concerns of a possible trade war.
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In justifying stiff tariffs levied upon Chinese imports, President Trump and his advisors cite a “$375 billion” trade deficit with the country. But, how these tariffs could affect the economic health of the U.S. involves a lot more than a single number.
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Citing a systemic, state-sponsored system of intellectual property theft, the Trump Administration has begun investigating whether to impose about $60 billion worth of sanctions on China.
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Steel has been a focus of U.S. President Donald Trump’s push for tariffs so let’s take a look at steel by the numbers. According to World Steel – a global trade group, China is the world’s largest producer of steel.
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The bourbon industry has made significant gains over the last few years. But there is a real fear bourbon could become an unwitting pawn in an international trade war.
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