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December 12, 2019

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Reuters - Business

Mexico accepts U.S. steel demand in USMCA trade deal, but with conditions

Reuters
by Reuters06
MEXICO CITY (Reuters) – Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact’s ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday. FILE PHOTO: Mexico’s Foreign Minister Marcelo Ebrard speaks during the daily...
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Mexico accepts U.S. steel demand in USMCA, with conditions

Reuters
by Reuters04
FILE PHOTO: Mexico’s Foreign Minister Marcelo Ebrard speaks during the daily news conference at National Palace in Mexico City, Mexico November 12, 2019. REUTERS/Carlos Jasso/File Photo MEXICO CITY (Reuters) – Mexican Foreign Minister Marcelo Ebrard said on Sunday that Mexico would accept a U.S. proposal regulating steel in the United...
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China copper imports hit 13-month high in November on improved factory activity

Reuters
by Reuters06
BEIJING (Reuters) – China’s copper imports rose 12.1% in November from the previous month to their highest in more than a year, as an unexpected improvement in the manufacturing sector drove up demand. FILE PHOTO: A man stands near copper cathodes on a truck at a near Yangshan Deep Water...
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China November iron ore imports down for second month as top miners ship less

Reuters
by Reuters010
BEIJING (Reuters) – China’s iron ore imports fell for a second straight month in November, customs data showed on Sunday, as lower shipments from top miners in Australia and Brazil overshadowed firm demand for the steelmaking ingredient at mills. FILE PHOTO: Piles of imported iron ore are seen at a...
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Trump will make final call on China tariffs, likes direction of talks: Kudlow

Reuters
by Reuters012
WASHINGTON (Reuters) – Top White House economic adviser Larry Kudlow said on Friday that a Dec. 15 deadline is still in place to impose a new round of U.S. tariffs on Chinese consumer goods, but President Donald Trump likes where trade talks with China are going. FILE PHOTO: Director of...
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Pelosi says progress was made on USMCA in meeting with Lighthizer

Reuters
by Reuters010
FILE PHOTO: Speaker of the House Nancy Pelosi (D-CA) speaks during a media briefing ahead of a House vote authorizing an impeachment inquiry into U.S. President Trump on Capitol Hill in Washington, U.S., October 31, 2019. REUTERS/Joshua Roberts/File Photo WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi said on Thursday...
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Pelosi says U.S.-Mexico-Canada trade deal is ‘within range’

Reuters
by Reuters09
FILE PHOTO: Speaker of the House Nancy Pelosi (D-CA) speaks at the unveiling of the congressional portrait of Former House Speaker John Boehner at the U.S. Capitol in Washington, U.S., November 19, 2019. REUTERS/Erin Scott WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi said on Monday that a...
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Take Five: A spanner in the global economic works

Reuters
by Reuters014
(Reuters) – FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 11, 2019. REUTERS/Brendan McDermid 1/TRADE WINDS BUFFET GROWTH Can we have it both ways? For two decades, trade expansion has fueled rapid global economic growth. But with trade volumes...
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Trump says he doesn’t think China is ‘stepping up’ in trade talks

Reuters
by Reuters013
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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Aston Martin launches first SUV, hopeful of a turnaround

Reuters
by Reuters08
Aston Martin DBX, the company’s first sport utility vehicle, is displayed at its global launch ceremony in Beijing, China November 20, 2019. REUTERS/Jason Lee LONDON (Reuters) – Aston Martin, which has seen its share price plunge this year as sales failed to meet expectations after a stock market flotation, launched...
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Global miner BHP taps Australia head Henry as new CEO

Reuters
by Reuters012
MELBOURNE (Reuters) – BHP Group Ltd (BHP.AX) (BHPB.L) on Thursday named its Australian head Mike Henry to succeed Andrew Mackenzie as the miner’s chief executive, shunning calls from some investors for fresh blood from outside the Anglo Australian giant. BHP Chairman Ken MacKenzie and Mike Henry are seen at a...
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Trump bashes Europe for ‘terrible’ trade barriers

Reuters
by Reuters012
NEW YORK (Reuters) – U.S. President Donald Trump on Tuesday renewed his criticism of European Union’s trade policies, saying it has “terrible” barriers that are unfair to U.S. producers. “European Union: very, very difficult,” he told the New York Economic Club. “The barriers they have up are terrible, terrible. In...
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Trump says U.S. close to signing ‘phase one’ trade deal with China

Reuters
by Reuters021
NEW YORK (Reuters) – President Donald Trump on Tuesday said the United States is close to signing a “phase one” trade deal with China, adding in a speech to the Economic Club of New York he will only accept a deal if it is good for his country and U.S....
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White House says tariff could be removed if U.S.-China trade deal reached

Reuters
by Reuters026
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 WASHINGTON (Reuters) – Tariffs could be lifted amid the U.S.-China trade deal if an agreement is reached, a White House spokeswoman said...
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US-China trade accord will require three phases: White House adviser

Reuters
by Reuters014
FILE PHOTO: White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, U.S. March 4, 2019. REUTERS/Leah Millis WASHINGTON (Reuters) – The United States and China are on a...
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China may impose $3.58 billion in annual trade sanctions on U.S.: WTO panel

Reuters
by Reuters016
FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to the Pentagon in Arlington, Virginia, U.S., November 9, 2018. REUTERS/Yuri Gripas ZURICH (Reuters) – A World Trade Organization (WTO) panel said on Friday that China could slap...
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Phase one trade deal with China is in good shape: U.S. Commerce chief

Reuters
by Reuters010
FILE PHOTO: U.S. Commerce Secretary Wilbur Ross meets with Greek Prime Minister Kyriakos Mitsotakis (not pictured) at the Maximos Mansion in Athens, Greece September 5, 2019. REUTERS/Costas Baltas/File Photo WASHINGTON (Reuters) – The initial “phase one” trade pact with China appears to be in good shape and is likely to...
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China September iron ore imports surge to 20-month high on firm demand

Reuters
by Reuters019
BEIJING (Reuters) – China’s iron ore imports rose for a third straight month in September to a 20-month high, according to customs data released on Monday, fueled by firm demand at steel mills and stable shipments from big miners. FILE PHOTO: Piles of imported iron ore are seen at a...
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China September rare earth exports fall nearly 18% from last month

Reuters
by Reuters016
BEIJING (Reuters) – China’s rare earth exports in September fell 17.9% from August, customs data showed on Monday, amid lingering fears that the world’s top producer of the minerals will restrict supply because of its trade row with the United States. China, the world’s largest rare earth exporter, sold 3,571...
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Trump says U.S., China have reached substantial phase-1 trade deal

Reuters
by Reuters018
U.S. President Donald Trump holds a campaign rally in Minneapolis, Minnesota, U.S., October 10, 2019. REUTERS/Leah Millis WASHINGTON (Reuters) – President Donald Trump said on Friday the United States and China had come to a substantial phase-1 trade deal, reaching agreement on intellectual property, financial services and big agricultural purchases....
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