China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would escalate tensions between the world’s two largest economies.
The U.S. Department of Agriculture said on Thursday that farmers will receive $14.5 billion in direct payments as part of a $16 billion aid package designed to offset the financial pain from trade disputes with China and other nations.
President Donald Trump is telling Democratic leaders that he believes Congress should first pass a new trade deal with Canada and Mexico before taking up a bill to boost the nation’s infrastructure.
The U.S. has gotten rid of its steel and aluminum tariffs on Mexican and Canadian exports, signaling a rebirth of negotiations for a new free trade deal between the three countries to replace the North American Free Trade Agreement (NAFTA).
China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model.
President Trump promised a deal with China will come “when the time is right” Tuesday, calling the current atmosphere of mistrust between the two countries, which has produced an increase in tariffs on both nations’ goods, “a little squabble.”
The White House took a step Monday toward placing new tariffs on $300 billion of Chinese goods by submitting the proposal for public comment.
China on Monday said it would retaliate against the US by raising the tariff rates on thousands of American products, days after the US expanded duties on Chinese goods as trade negotiations stalled.
President Donald Trump said on Monday that his administration was planning to provide about $15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China in a deepening trade war.
U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets.
Four oil tankers were attacked in the Middle East Sunday, leaving no casualties but significant structural damage to the vessels, and possibly confirming reports on Israeli television Friday that had warned of Iran’s intentions to strike back at Saudi oil assets.
U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war.
Trade talks between the U.S. and China are expected to continue on into Friday despite the Trump administration’s plans to hike tariffs on virtually all Chinese goods to 25% at midnight Thursday. The extension indicates the sides still think they can reach an agreement, even after missing Thursday’s deadline.
President Donald Trump said on Wednesday that China ‘broke the deal’ in trade talks with Washington and would face stiff tariffs if no agreement is reached.
The Archbishop of Canterbury hosted US Secretary of State Mike Pompeo and British Foreign Secretary Jeremy Hunt at a meeting of faith leaders on Wednesday to discuss how Christians can be protected from persecution.
Iranian President Hassan Rouani threatened Wednesday to resume enrichment of uranium if the terms of the 2015 nuclear accord, from which the U.S. withdrew this time last year, were not renegotiated within 60 days among the powers that remain signatories to it.
The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world’s two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks.
U.S. National Security Adviser John Bolton says a carrier strike group led by the USS Abraham Lincoln recently deployed to the Persian Gulf is “in response to a number of troubling and escalatory indications and warnings” from Iran.
The United States’ allies in Europe have criticized its recent decisions to restrict oil trade with Iran and to limit the extension of waivers for nuclear non-proliferation projects.
President Donald Trump’s trade deal with Canada and Mexico have hit roadblocks in Congress, with a key Republican calling for an end to tariffs on the countries while the Democrats demanded stronger worker protection language.