Tag: Trade deal

Saturday, January 18th 2020 - 08:46 UTC
IMF warns that the US/China accord is a “trade truce, and not the same as trade peace”

The United States and China still have a long way to go to resolve their trade disputes although the partial deal signed this week is a step forward, IMF chief Kristalina Georgieva said on Friday. “Trade truce is not the same as trade peace,” she said.
Saturday, January 18th 2020 - 08:43 UTC
Wall Street at record highs on housing data and hopes of a global rebound

Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Friday, January 17th 2020 - 17:34 UTC
Chinese media warned not to “nitpick” the US/Beijing Phase 1 trade deal

Chinese state media on Thursday warned against any “nitpicking” as Beijing portrayed the Phase 1 trade deal with United States and its new commitments to massive purchases of US goods as a boon for China's economy.
Friday, January 17th 2020 - 10:29 UTC
Wall Street stocks at fresh records after approval of North American trade pact

Wall Street stocks surged to fresh records on Thursday after the US Senate approved a new North American trade pact, adding to the momentum from the US-China trade deal. All three major indices finished at all-time highs, with the Dow Jones Industrial Average up 267.42 points (0.92%) at 29,297.64.
Thursday, January 16th 2020 - 08:54 UTC
World stocks at record high after US and China sign a deal to defuse the trade war

World stocks inched to a record high on Thursday after the United States and China signed a deal to defuse their 18-month trade war, which has weighed on global economic growth and hampered investments.
Wednesday, January 15th 2020 - 09:05 UTC
US-China sign Phase One of trade deal, but some tariffs to remain until completion of Phase Two

The United States will maintain tariffs on Chinese goods until the completion of a second phase of a United States-China trade agreement, US Treasury Secretary Steven Mnuchin said on Tuesday, a day before the two sides are to sign an interim deal.
Tuesday, January 14th 2020 - 09:50 UTC
Money markets react to US decision reversing China as a currency manipulator

The Yen plumbed an eight-month low while the Yuan climbed to its highest level since July on Tuesday after the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.
Monday, January 13th 2020 - 08:42 UTC
All ready to sign US/China Phase 1 trade deal, following lengthy translation process

China's commitments in the Phase 1 trade deal with the United States were not changed during a lengthy translation process and will be released this week as the document is signed in Washington, US Treasury Secretary Steven Mnuchin said on Sunday.
Thursday, January 9th 2020 - 09:55 UTC
UK and EU will remain the “best of friends”, but it is impossible to reach a trade deal by the end of 2020, EC president

UK and the EU will remain the “best of friends” but they will “not be as close as before” after Brexit, the new European Commission president has said. Speaking ahead of talks with the PM, Ursula von der Leyen warned it would be “impossible” to reach a comprehensive trade deal by the end of 2020.
Thursday, January 2nd 2020 - 08:52 UTC
US/China Phase One trade deal to be signed 15 January at the White House

A partial new US-China trade agreement will be signed in the middle of next month, US President Donald Trump said, announcing that he will also then travel to China for continued talks.