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December 11, 2019
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Reuters - Business

Massachusetts hand-dryer maker gets helping hand from U.S.-China trade war

Reuters
EAST LONGMEADOW, Mass. (Reuters) – The U.S.-China trade war is creating something William Gagnon once thought impossible – a 100% American-made bathroom hand dryer. Excel Dryer vice president of marketing and key accounts, Bill Gagnon, works at the factory in East Longmeadow, Massachusetts, U.S., October 25, 2019. REUTERS/Tim Aeppel Gagnon’s...
Reuters - Business

Focus squarely on Trump as Dec 15 tariffs loom in US-China trade war

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China. FILE PHOTO: Customers shop during Black Friday sales at a...
Reuters - Business

Trump’s Dec. 15 China tariffs threaten a long list of Christmas favorites

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China. FILE PHOTO: Customers shop during Black Friday sales at a...
Reuters - Business

Trump will have final say on U.S.-China trade deal: White House trade adviser

Reuters
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) – U.S. President Donald Trump will be the one...
Reuters - Business

Pelosi: revised USMCA pact much improved from initial Trump version

Reuters
U.S. House Speaker Nancy Pelosi (D-CA) speaks during a news conference on the USMCA trade agreement on Capitol Hill in Washington, U.S., December 10, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – The revised United States Mexico Canada trade agreement reached between House Democrats and the White House improves U.S. President Donald...
Reuters - Business

White House adviser Kushner says ‘making pretty good progress’ on USMCA

Reuters
FILE PHOTO: Senior advisor Jared Kushner attends a meeting between China’s Vice Premier Liu He and U.S. President Donald Trump in the Oval Office at the White House after two days of trade negotiations in Washington, U.S., October 11, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – White House adviser Jared Kushner...
Reuters - Business

Mexico says ‘good progress’ on trade deal although work remains

Reuters
WASHINGTON (Reuters) – Negotiators working to close a new North American trade deal have made “good progress” but many elements are not yet resolved, Mexico’s deputy foreign minister said on Friday. FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus Seade, reacts during the delivery of the United States-Mexico-Canada...
Reuters - Business

Trump will make final call on China tariffs, likes direction of talks: Kudlow

Reuters
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...
Reuters - Business

Trump says trade talks with China going ‘very well’

Reuters
U.S. President Donald Trump attends the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Toby Melville WATFORD, England (Reuters) – U.S. President Donald Trump said on Wednesday that trade talks with China were going “very well,” sounding more positive than on Tuesday when he said a trade deal might...
Reuters - Business

Jared Kushner, Trump’s son-in-law, takes bigger role in China trade talks

Reuters
WASHINGTON (Reuters) – President Donald Trump’s son-in-law Jared Kushner has added another role to his long list of White House duties – U.S.-China trade negotiator – as Washington and Beijing try to reach an initial agreement to avoid new U.S. tariffs on Dec. 15. FILE PHOTO: White House senor adviser...
Reuters - Business

China capex growth hits three-year low as weak economy, trade war drag

Reuters
BENGALURU/SHANGHAI (Reuters) – Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed. FILE PHOTO: A man walks on the bund in...
Reuters - Business

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

Reuters
(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...
Reuters - Business

U.S. solar industry to lose 62,000 jobs due to Trump tariffs – study

Reuters
(Reuters) – The U.S. solar industry is losing out on the creation of around 62,000 jobs and $19 billion in investment thanks to Trump administration tariffs on imported panels imposed nearly two years ago, according to a report published on Tuesday. Amonix’s CPV solar panel cells are seen next to...
Reuters - Business

U.S. says sees no reason to reduce tariffs in EU aircraft subsidy case

Reuters
FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau WASHINGTON (Reuters) – The U.S. Trade Representative’s office on Monday said it saw no basis in Monday’s World Trade Organization report that would justify reducing...
CBS US News

U.S. warns of tariffs of up to 100% on $2.4 billion in French imports

CBS News
The Trump administration is proposing tariffs on up to $2.4 billion worth of French imports — from Roquefort cheese to sparkling wine to handbags — in retaliation for France’s tax on American tech giants like Google, Amazon and Facebook. The Office of the U.S. Trade Representative said France’s new “digital services...
Reuters - Business

U.S. may increase tariffs after WTO rejects EU claims over Airbus

Reuters
PARIS/BRUSSELS (Reuters) – The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus (AIR.PA), prompting the United States to say it could increase retaliatory tariffs on a wider range of European goods. Christian Scherer, Airbus Chief Commercial Officer, speaks during a...
Reuters - Business

U.S. proposes 100% tariffs on French Champagne, cheese, handbags over digital tax

Reuters
FILE PHOTO: An employee serves a glass of Champagne during the traditional wine harvest at the Champagne house Deutz in Ay, France, September 22, 2016. REUTERS/Benoit Tessier/File Photo WASHINGTON (Reuters) – The U.S. government on Monday said it may slap punitive duties of up to 100% on $2.4 billion in...
Reuters - Business

U.S. vows 100% tariffs on $2.4 billion of French products over digital services tax

Reuters
FILE PHOTO: A cyclist passes the U.S. and French flags flying over the Eisenhower Executive Office Building, which houses a majority of offices for White House staff, in Washington February 10, 2014. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – The U.S. government on Monday said it could slap additional duties of up...
CBS US News

What’s behind President Trump’s latest tariff threats

CBS News
President Donald Trump said Monday via Twitter that the U.S. will reinstate tariffs on steel and aluminum imported from Brazil and Argentina, opening a new battlefront in the global trade war. Here are five things to know about the president’s move: 1. It may really be about the U.S.-China trade...

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