A new report shows the “dramatic reversal” of a five-year trend as US companies commanded a considerably larger share of manufacturing in 2019 than the 14 Asian exporters that were tracked for the study. According to the seventh annual Reshoring Index report by global manufacturing consulting firm Kearney, Chinese exporters suffered the greatest losses.
The European Union will only offer Britain unique access to its vast single market if the U.K. agrees to stick to the bloc’s standards, European Commission President Ursula von der Leyen said Tuesday, dismissing British Prime Minister Boris Johnson’s idea of brokering a loose trade deal with the EU.
The Trump administration is reportedly considering a novel source of leverage against the European Union in seeking a trade deal: ‘carousel’ retaliation, meaning tariffs applied to a shifting set of products.
China cut tariffs on $75 billion of U.S. imports including soybeans, pork and auto parts Thursday in a trade truce with Washington while Beijing struggles with a costly virus outbreak.
The U.S. trade deficit fell for the first time in six years in 2019 as President Donald Trump hammered China with import taxes.
President Donald Trump told reporters on the sidelines of the World Economic Forum in Switzerland that if an expected trade deal with the European Union falls through, he would press ahead with tariffs on European cars.
Iran accused European governments Thursday of sacrificing a troubled 2015 nuclear deal to avoid trade reprisals from US President Donald Trump, who has spent nearly two years trying to scupper the agreement.
China will boost spending on U.S. products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved.
The U.S.-China trade war is set to enter a new, quieter phase on Wednesday as U.S. President Donald Trump and Chinese Vice Premier Liu He sign an initial trade deal that aims to vastly increase Chinese purchases of U.S. manufactured products, agricultural goods, energy, and services.
President Donald Trump said Tuesday that the US and China would hold a formal ceremony to ink an interim trade agreement to defuse a tit-for-tat dispute between the two sides.
When President Trump ended the 24-year-old World Trade Organization (WTO) dispute resolution court by refusing to name two replacement judges, the move has launched a new era of fair trade.
The so-called Phase One trade deal between Washington and Beijing has been ‘absolutely completed,’ a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement.
The Trump administration announced Sunday that it would drop its plans to impose tariffs on $160 billion of Chinese goods in exchange for Chinese investment in American farming as part of the promised trade deal between the two nations.
The White House has agreed to suspend some tariffs on Chinese goods and reduce others in return for Beijing’s pledge to hike purchases of U.S. farm products in 2020, sources said on Thursday, taking a step towards de-escalating the trade war between the world’s two biggest economies.
President Donald Trump signed off on a so-called phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of consumer goods from the Asian nation, according to people familiar with the matter.
The unexpected drop in China’s exports in November shows one reason why the nation wants to agree on a phase one trade deal – U.S. tariffs are hurting China’s exports at a time when global demand is already weak.
Japan’s Parliament on Wednesday approved a trade deal that was agreed upon by President Donald Trump and Japanese Prime Minister Shinzo Abe earlier this year.
France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.
The United States proposed retaliatory tariffs against France on Monday for its new digital services tax, which has targeted American technology giants like Amazon and Facebook.
The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.