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October 18, 2019
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CBS US News

US tariffs on European goods come into effect on Airbus planes, wine, cheese whiskey and much more today

CBS News
The U.S. slapped tariffs of up to 25% on European consumer goods including Scotch whiskey, French and Spanish wines and some cheeses on October 18, 2019, in an ongoing trade dispute over subsidies for aircraft maker Airbus. Getty/iStockphoto Washington — The United States imposed tariffs on a record $7.5-billion worth...
CNBC - Real Estate

Bernard Chan says violence ‘has to stop’

CNBC Real Estate
Carrie Lam, Hong Kong’s chief executive, speaks during a news conference in July 2019 in Hong Kong, China. Anthony Kwan | Getty Images News | Getty Images Hong Kong politician and businessman Bernard Chan said that the violence in Hong Kong “has to stop,” as the city prepares itself for...
Reuters - Business

Apple’s Cook meets China regulator after pulling Hong Kong app

Reuters
FILE PHOTO: Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) attends a news conference on the sidelines of the National People’s Congress (NPC) in Beijing, China March 9, 2019. REUTERS/Stringer/File Photo BEIJING (Reuters) – Apple Inc CEO Tim Cook met the chief of China’s market regulator...
Reuters - Business

China’s GDP growth grinds to near 30-year low as tariffs hit production

Reuters
BEIJING (Reuters) – China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support. Workers look at cranes lifting containers onto cargo vessels at a...
Reuters - Business

China third-quarter GDP grows 6%, slowest pace in almost three decades

Reuters
BEIJING (Reuters) – China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in almost three decades, hit by soft factory production amid a bruising Sino-U.S. trade war and lackluster demand at home. Workers look at cranes lifting containers onto cargo vessels at...
Reuters - Business

China market regulator chief met with Apple CEO Tim Cook

Reuters
FILE PHOTO: Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) attends a news conference on the sidelines of the National People’s Congress (NPC) in Beijing, China March 9, 2019. REUTERS/Stringer/File Photo BEIJING (Reuters) – China’s market regulator chief Xiao Yaqing met with Apple Inc’s (AAPL.O) Chief...
Reuters - Business

Emerging markets come off the boil for Nestle and Unilever

Reuters
ZURICH/LONDON (Reuters) – Global consumer goods companies are banking on fast-growing emerging markets to drive their growth, so signs on Thursday that sales have come off the boil in the once-booming economies of China and India could set alarm bells ringing. FILE PHOTO: Unilever headquarters in Rotterdam, Netherlands August 21,...
Reuters - Business

China says it hopes to reach phased trade pact with U.S. as soon as possible

Reuters
BEIJING (Reuters) – China hopes to reach a phased agreement in a protracted trade dispute with the United States and cancel tariffs as soon as possible, the Commerce Ministry said on Thursday, adding that trade wars had no winners. A phased agreement would help restore market confidence and reduce uncertainty,...
Reuters - Business

China says it hopes to reach phased trade pact with U.S. as early as possible

Reuters
BEIJING (Reuters) – China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on canceling tariffs on each others’ goods. A phased agreement would help restore market confidence and reduce uncertainty, Gao Feng,...
Reuters - Business

China says hopes to reach phased trade pact with U.S. as early as possible

Reuters
BEIJING (Reuters) – China’s commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on cancelling tariffs on each others’ goods. FILE PHOTO: China’s Ministry of Commerce spokesperson Gao Feng attends a news conference...
Reuters - Business

Tesla gets approval to start manufacturing in China

Reuters
FILE PHOTO: People visit a Tesla booth during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – Tesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the...
Reuters - Business

China grants Tesla car manufacturing certificate: industry ministry

Reuters
FILE PHOTO: People visit a Tesla booth during the media day for the Shanghai auto show in Shanghai, China April 16, 2019. REUTERS/Aly Song/File Photo SHANGHAI (Reuters) – China’s industry ministry on Thursday said it has added Tesla Inc to a government list of approved automotive manufacturers, granting the manufacturing...
CNBC Business

Phase one deal will help US soybean farmers retake Chinese market share, trade group executive says

CNBC
The trade war has pummeled farmers of the most valuable U.S. crop, as exports to China plummeted 53% in the 2018-2019 marketing year. Source link: Click here for more
Reuters - Business

U.S., Chinese teams working on Phase 1 trade deal text: Mnuchin

Reuters
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 WASHINGTON (Reuters) – U.S. and Chinese trade negotiators are working on nailing down a Phase 1 trade deal text for their presidents to sign...
CBS US News

U.S.-China trade war: Why farmers may be disappointed with the trade deal

CBS News
In announcing a preliminary trade agreement with China last week, President Donald Trump touted the accord as “the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our Country.” Yet questions remain about how great and big the pact ultimately will prove to be for...

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