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December 15, 2019

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Exclusive: China’s BAIC raising Daimler stake to unseat Geely as top shareholder – sources

Reuters
by Reuters01
BEIJING/HONG KONG/FRANKFURT (Reuters) – Daimler’s (DAIGn.DE) main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters. FILE PHOTO:...
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China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods

Reuters
by Reuters03
FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song SHANGHAI (Reuters) – China has suspended the planned additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council’s customs tariff commission said on...
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Mnuchin says trade deal with China to boost global economy

Reuters
by Reuters04
DOHA (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday a “phase one” trade deal between the United States and China was “very good” for global economic growth, and added that the second phase could come in several steps. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin speaks about sanctions...
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U.S. Mnuchin says trade deal with China to boost global economy

Reuters
by Reuters010
DOHA (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday a “phase one” trade deal between the United States and China was “very good” for global economic growth, and added that the second phase could come in several steps. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin speaks about sanctions...
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Details of U.S.-China ‘phase one’ trade deal to come out over weekend: Mnuchin

Reuters
by Reuters014
FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin speaks about sanctions against Turkey at a news briefing at the White House in Washington, U.S., October 11, 2019. REUTERS/Yuri Gripas/File Photo DOHA (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday a factsheet on “phase one” of a trade deal between...
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China top diplomat says China-U.S. trade deal good news for all

Reuters
by Reuters05
Chinese Foreign Minister Wang Yi delivers a speech at an annual symposium on international situation and China’s diplomacy in Beijing, China December 13, 2019. REUTERS/Jason Lee LJUBLJANA (Reuters) – China and the United States’ “phase one” trade agreement is good news for all and will “provide stability in global trade”,...
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Renault offers CEO job to SEAT’s Luca De Meo, says La Vanguardia

Reuters
by Reuters02
FILE PHOTO: SEAT President and CEO Luca de Meo poses during an interview at the SEAT car factory in Martorell, near Barcelona, Spain October 31, 2018. Picture taken October 31, 2018. REUTERS/Albert Gea/File Photo MADRID (Reuters) – French carmaker Renault (RENA.PA) has offered the chairman of Volkswagen’s (VOWG.DE) SEAT brand,...
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Factbox: A lot of soy, a little rice – China’s historical U.S. agricultural purchases

Reuters
by Reuters08
CHICAGO (Reuters) – The U.S. government said on Friday China would buy an additional $32 billion in U.S. farm goods over the next two years as part of an initial trade deal. FILE PHOTO: Soybeans in a field on Hodgen Farm in Roachdale, Indiana, U.S. November 8, 2019. Picture taken...
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USTR files notice suspending Dec. 15 tariffs on Chinese goods

Reuters
by Reuters06
FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song WASHINGTON (Reuters) – The U.S. Trade Representative’s office on Friday filed a Federal Register notice suspending the 15% U.S. tariffs slated to go into effect on Sunday on Chinese goods worth...
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China’s Ant Financial, Vanguard announce China advisory venture

Reuters
by Reuters07
FILE PHOTO: The logo of Ant Financial Services Group, Alibaba’s financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. REUTERS/Shu Zhang SHANGHAI (Reuters) – Chinese fintech company Ant Financial Services [ANTFIN.UL] and U.S. asset management firm The Vanguard Group have established a joint venture...
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Trade deal removes major hurdle for rally in Apple and tech

Reuters
by Reuters06
SAN FRANCISCO (Reuters) – U.S. President Donald Trump’s limited trade deal with China removes a major hurdle for Apple (AAPL.O) and other technology stocks that have already surged this year to record highs. The so-called Phase One deal announced, but still not signed, on Friday suspends the planned imposition of...
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Reuters - Business

What’s in the U.S.-China ‘phase one’ trade deal

Reuters
by Reuters010
WASHINGTON (Reuters) – The United States and China have agreed on the terms of a “phase one” trade deal that reduces some U.S. tariffs on Chinese goods while boosting Chinese purchases of American farm, energy and manufactured goods and addressing some U.S. complaints about intellectual property practices. Following are details...
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Reuters - Business

U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases

Reuters
by Reuters010
WASHINGTON/BEIJING (Reuters) – The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods. Beijing has agreed to...
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Global shares gain, oil rises, but caution lingers on U.S.-China deal

Reuters
by Reuters08
NEW YORK (Reuters) – Global equity markets and oil prices rose on Friday after China and the United States agreed on an initial trade deal that rolls back some U.S. tariffs in exchange for China’s increased purchase of farm goods, coming just ahead of a deadline for a new round...
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China says reached phase one deal with U.S., to cancel Sunday tariffs

Reuters
by Reuters06
BEIJING (Reuters) – China and the United States have agreed on the text of a phase one trade deal, and Beijing has decided to cancel an earlier plan to impose additional tariffs on U.S. imports on Dec. 15, senior Chinese government officials said on Friday. The United States has promised...
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China to buy additional $32 billion in U.S. farm goods over two years, sign deal in January: USTR

Reuters
by Reuters05
WASHINGTON (Reuters) – China has agreed to buy $32 billion of additional U.S. farm products over two years as part of a phase one trade pact, U.S. Trade Representative Robert Lighthizer told reporters on Friday, adding the deal would be signed the first week of January. FILE PHOTO: U.S. Trade...
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U.S. may impose tariffs on Chinese imports if any disputes: Kudlow

Reuters
by Reuters05
FILE PHOTO: U.S. Director of the Economic Council Larry Kudlow speaks during the Wall Street Journal CEO Council, in Washington, U.S., December 10, 2019. REUTERS/Al Drago WASHINGTON (Reuters) – The United States could levy tariffs against China if there are any disputes, White House economic adviser Larry Kudlow said about...
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U.S.-China trade deal swaps tariff rollbacks for farm, energy purchases

Reuters
by Reuters09
WASHINGTON/BEIJING (Reuters) – The United States and China cooled their trade war on Friday, announcing a “Phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of American farm products and other goods. Beijing has agreed to buy $32 billion in additional agricultural goods over the...
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Reuters - Business

The U.S. will phase out China tariffs, Beijing officials say

Reuters
by Reuters07
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 BEIJING/WASHINGTON (Reuters) – The United States has agreed to phase out tariffs on Chinese goods, Chinese officials said at a press conference...
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