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China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods

Reuters
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...
Reuters - Business

Mexico objects to labor enforcement provision in North American trade deal

Reuters
MEXICO CITY (Reuters) – Mexico’s deputy foreign minister, Jesus Seade, said on Saturday he sent a letter to the top U.S. trade official expressing surprise and concern over a labor enforcement provision proposed by a U.S. congressional committee in the new North American trade deal. FILE PHOTO: Mexico’s Deputy Foreign...
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China top diplomat says China-U.S. trade deal good news for all

Reuters
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”,...
Reuters - Business

Factbox: A lot of soy, a little rice – China’s historical U.S. agricultural purchases

Reuters
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
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...
Reuters - Business

Trade deal removes major hurdle for rally in Apple and tech

Reuters
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...
Reuters - Business

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

Reuters
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...
Reuters - Business

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

Reuters
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...
Reuters - Business

Wall Street steady as U.S., China announce trade deal

Reuters
(Reuters) – The S&P 500 and the Dow industrials ended little changed on Friday, hitting record highs in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets. FILE PHOTO: Traders work on the floor of the New York Stock Exchange...
Reuters - Business

China says reached phase one deal with U.S., to cancel Sunday tariffs

Reuters
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...
Reuters - Business

China to buy additional $32 billion in U.S. farm goods over two years, sign deal in January: USTR

Reuters
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...
Reuters - Business

U.S. may impose tariffs on Chinese imports if any disputes: Kudlow

Reuters
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...
Reuters - Business

U.S.-China trade deal swaps tariff rollbacks for farm, energy purchases

Reuters
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...
Reuters - Business

How ethanol plant shutdowns deepen pain for U.S. corn farmers

Reuters
RACCOON TOWNSHIP, Ind./NEW YORK (Reuters) – When the U.S. ethanol industry was booming, Indiana farmer Paul Hodgen made good money selling about a quarter of his crop to a local facility that produced the corn-based fuel. FILE PHOTO: Corn rests on the ground on Hodgen Farm in Roachdale, Indiana, U.S....
Reuters - Business

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

Reuters
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...
Reuters - Business

U.S. business inventories rebound in October

Reuters
WASHINGTON, (Reuters) – U.S. business inventories increased in October, lifted by stocks at retailers, suggesting inventory investment could again contribute to economic growth in the fourth quarter. The Commerce Department said on Friday that business inventories rose 0.2% after slipping 0.1% in September. Inventories are a key component of gross...
Reuters - Business

China delays media briefing on U.S. trade talk

Reuters
FILE PHOTO: Flags of U.S. and China are displayed at American International Chamber of Commerce (AICC)’s booth during China International Fair for Trade in Services in Beijing, China, May 28, 2019. REUTERS/Jason Lee BEIJING (Reuters) – China has postponed a news briefing to give an update on progress in trade...
Reuters - Business

U.S. import prices rebound; underlying trend remains weak

Reuters
WASHINGTON, (Reuters) – U.S. import prices rebounded modestly in November and the underlying trend remained soft, consistent with subdued imported inflation pressures. FILE PHOTO: Shipping containers are pictured at Yusen Terminals (YTI) on Terminal Island at the Port of Los Angeles in Los Angeles, California, U.S., January 30, 2019. REUTERS/Mike...
Reuters - Business

U.S. sets China trade deal terms, sources say, but Beijing mum

Reuters
WASHINGTON/BEIJING (Reuters) – Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing buying more American farm goods, U.S. sources said on Thursday. Beijing’s silence, however, fueled questions over whether the two sides can...

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