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January 19, 2020

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Reuters - Business

China, U.S. sign initial trade pact but doubts and tariffs linger

Reuters
by Reuters08
BEIJING/WASHINGTON (Reuters) – China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world......
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Reuters - Business

U.S. and China tiptoe around holes in new trade agreement

Reuters
by Reuters07
WASHINGTON (Reuters) – The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted......
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Reuters - Business

U.S. and China tiptoe around holes in new trade agreement

Reuters
by Reuters08
WASHINGTON (Reuters) – The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted......
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Reuters - Business

Documents to show U.S.-China trade deal fully enforceable: Mnuchin

Reuters
by Reuters05
WASHINGTON (Reuters) – Documents to be released Wednesday will show skeptics that a Phase 1 U.S.-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, U.S. Treasury Secretary Steven Mnuchin said Tuesday. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin speaks about sanctions......
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Reuters - Business

U.S. to maintain tariffs on Chinese goods until Phase 2 deal: Mnuchin

Reuters
by Reuters03
WASHINGTON (Reuters) – The United States will maintain tariffs on Chinese goods until the completion of a second phase of a U.S.-China trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal. FILE PHOTO: U.S. Treasury Secretary Steve......
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Reuters - Business

China to ramp up U.S. buys under trade deal, but skeptics question targets

Reuters
by Reuters03
WASHINGTON (Reuters) – China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, though some U.S. trade experts call it an unrealistic target. Under the trade deal to......
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Reuters - Business

China to ramp up U.S. car, aircraft, energy purchases in trade deal: source

Reuters
by Reuters02
WASHINGTON (Reuters) – China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, a target that could provide a much-needed boost for planemaker Boeing but is being questioned......
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Reuters - Business

Amazon to ramp up counterfeit reporting to law enforcement

Reuters
by Reuters03
FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS/Pascal Rossignol (Reuters) – Amazon.com Inc is planning to give more data on counterfeit goods to law enforcement in a further crackdown on fakes listed on its e-commerce sites, a......
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Reuters - Business

U.S. top trade negotiator praises deal, China remains cautious

Reuters
by Reuters014
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump’s top trade negotiator praised a “phase one” U.S.-China trade deal which is expected to nearly double U.S. exports to China over the next two years, while China remained cautious ahead of the signing of the agreement. U.S. Trade Representative Robert Lighthizer, speaking on......
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Reuters - Business

U.S. exports to China to nearly double in ‘totally done’ trade deal: Lighthizer

Reuters
by Reuters012
WASHINGTON (Reuters) – The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on Sunday. Lighthizer, speaking on CBS’ “Face the Nation”......
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Reuters - Business

U.S.-China trade deal ‘totally done,’ will expand U.S. exports: Lighthizer

Reuters
by Reuters014
WASHINGTON (Reuters) – The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on Sunday. FILE PHOTO: China’s Vice Premier Liu He......
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Reuters - Business

Bristol-Myers wins $752 million in U.S. patent case against Gilead

Reuters
by Reuters013
FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau (Reuters) – Bristol-Myers Squibb Co (BMY.N) on Friday said it won a $752 million jury verdict against Gilead Sciences Inc (GILD.O) in......
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Reuters - Business

High-stakes White House meeting expected Thursday to debate U.S.-China tariffs: sources

Reuters
by Reuters017
WASHINGTON (Reuters) – U.S. President Donald Trump is expected to meet with top trade advisers on Thursday to discuss planned Dec. 15 tariffs on some $160 billion in Chinese goods, three sources familiar with the plans said, as markets braced for potential negative impacts. FILE PHOTO: U.S. President Donald Trump......
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Reuters - Business

Apple has ‘deep concerns’ that ex-employees accused of theft will flee to China

Reuters
by Reuters035
SAN JOSE, California (Reuters) – Apple Inc on Monday told a federal court it has “deep concerns” that two Chinese-born former employees accused of stealing trade secrets from the company will try to flee before their trials if their locations are not monitored. FILE PHOTO: The Apple Inc. logo is......
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Reuters - Business

Proper U.S.-China trade deal more important than timing: Wilbur Ross

Reuters
by Reuters020
(Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said it was more important to get a proper trade agreement with China than to get the deal done by this December or next December – after the 2020 presidential election. Ross told Reuters in an interview that the world’s two......
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Reuters - Business

Trump vague about whether he will veto bills that back Hong Kong protesters

Reuters
by Reuters017
WASHINGTON (Reuters) – U.S. President Donald Trump was vague on Friday about whether he would sign or veto legislation to back protesters in Hong Kong as he tries to strike a trade deal with China, and boasted that he alone had prevented Beijing from crushing the demonstrations with a million......
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Reuters - Business

Apple, Intel file antitrust case against SoftBank-owned firm over patent practices

Reuters
by Reuters018
FILE PHOTO: The Apple Inc. logo is seen hanging at the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) and Intel Corp (INTC.O) on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the......
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Reuters - Business

Trump says he doesn’t think China is ‘stepping up’ in trade talks

Reuters
by Reuters018
FILE PHOTO: U.S. President Donald Trump speaks during a tour of Apple’s Mac Pro manufacturing plant in Austin, Texas, U.S., November 20, 2019. REUTERS/Tom Brenner AUSTIN, Texas (Reuters) – U.S. President Donald Trump said on Wednesday he has not made a trade deal with China yet because Beijing is not......
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