trade

A deepening trade war between the world's two largest economies is bad news for the oil business.
Getty Images via CNN
May 23, 2019 - 4:15 pm
By Matt Egan, CNN Business (CNN) - - A deepening trade war between the world's two largest economies is bad news for the oil business. US oil prices plummeted nearly 6% to a 10-week low of $57.91 a barrel on Thursday as fears about the US-China trade standoff intensify in global financial markets...
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Shoppers walk by foreign fashion boutiques at the capital city's popular shopping mall in Beijing, Monday, May 13, 2019.
Andy Wong/AP Photo
May 13, 2019 - 8:51 am
BEIJING (AP) — Deepening a trade battle and sending financial markets spinning, China announced Monday it was raising tariffs on $60 billion of U.S. goods in retaliation for the latest hike in U.S. tariffs on its exports. The Finance Ministry said Monday the new penalty duties of 5% to 25% on...
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Larry Kudlow, President Donald Trump's top economic adviser, said Sunday there is a "strong possibility" Trump will meet Chinese President Xi Jinping at the G20 economic summit in Japan.
Nicolas Asfouri/Getty Images via CNN
May 12, 2019 - 12:03 pm
By Sarah Westwood, CNN (CNN) -- Larry Kudlow, President Donald Trump's top economic adviser, said Sunday there is a "strong possibility" Trump will meet Chinese President Xi Jinping at the G20 economic summit in Japan next month and said he expects China to retaliate against the US for its increase...
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A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai Monday, May 6, 2019.
AP Photo
May 06, 2019 - 5:14 pm
By Joe McDonald and Paul Wiseman BEIJING (AP) — By threatening to raise taxes on Chinese imports, President Donald Trump is throwing down a challenge to Beijing: Agree to sweeping changes in China's government-dominated economic model — or suffer the consequences. The unexpected ultimatum,...
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Trump’s new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency finds.
Martin Mejia/AP Photo, File
April 18, 2019 - 6:01 pm
By Paul Wiseman WASHINGTON (AP) — President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency has found. The International Trade Commission said Thursday that Trump's U.S.-Mexico-Canada agreement would lift the U.S...
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President of European Central Bank Mario Draghi waits for the beginning of a press conference following the Governing Council meeting in Frankfurt, Germany, Wednesday, April 10, 2019.
Michael Probst/AP Photo
April 10, 2019 - 11:37 am
By David McHugh, Associated Press FRANKFURT, Germany (AP) — The head of the European Central Bank warned that global friction over trade — such as U.S. threats to impose more tariffs — is holding back the economy and underlined the bank's readiness to deploy more stimulus if needed. Mario Draghi...
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In this Monday, Oct. 15, 2018 file photo, a container ship is loaded at the harbor in Hamburg, Germany.
AP Photo/Martin Meissner, file
April 09, 2019 - 11:45 am
By Carlo Piovano, Associated Press LONDON (AP) — The Trump administration wants to tax $11.2 billion worth of EU goods — from airplanes to Gouda cheese — in a move that some experts say marks another attempt by the administration to use tariffs to reshape global trade in its favor. The import...
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Manny Machado
Gary A. Vasquez/USA Today Sports
February 19, 2019 - 12:55 pm
By Andrew Porter PHILADELPHIA ( WIP Sportsradio ) — Manny Machado has reportedly signed with the Padres. The deal is reportedly worth $300 million over 10 years with an opt out after season No. 5. Interestingly — and surprisingly — Machado has signed before Bryce Harper. The Phillies have been...
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U.S. Treasury Secretary Steven Mnuchin, left, gestures to journalists as he leaves a hotel to attend a new round of high-level trade talks with Chinese officials in Beijing, Thursday, Feb. 14, 2019.
Andy Wong/AP Photo
February 13, 2019 - 9:58 pm
BEIJING (AP) — U.S. and Chinese negotiators began trade talks Thursday that President Donald Trump says will help decide whether he escalates a fight over Beijing's technology ambitions by raising tariffs on $200 billion of imports from China. Businesspeople and economists say the two days of talks...
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US Trade Representative Robert Lighthizer, right, accompanied by Trump Administration officials, meets with Chinese Vice Premier Liu He, left, and other Chinese officials as they begin US-China Trade Talks in the Diplomatic Room of the Eisenhower Executiv
AP Photo/Andrew Harnik
January 31, 2019 - 6:51 pm
WASHINGTON (AP) — President Donald Trump expects to meet with his Chinese counterpart Xi Jinping to try to resolve a six-month trade standoff after U.S. and Chinese negotiators ended two days of talks Thursday without settling the toughest issues that divide the world's two biggest economies. "If...
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