Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of simmering trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.
President Donald Trump has repeatedly hit out at China for failing to curb the export of illegal fentanyl to the United States. The powerful painkiller is the primary synthetic opioid available in the US, a class of drug that was responsible for almost 32,000 overdose deaths last year.
President Donald Trump has labelled recent protests in Hong Kong as “riots”, adopting the language used by Chinese authorities and suggesting that the United States would stay out of an issue that was “between Hong Kong and China”.
A bipartisan group of US lawmakers on Friday urged the Trump administration to suspend future sales of munitions and crowd-control equipment to Hong Kong police which has been accused of using excessive force against anti-government protesters.
China on Friday vowed to fight back against US President Donald Trump's abrupt decision to slap 10% tariffs on the remaining US$300 billion in Chinese imports, a move that ended a month-long trade truce.
President Donald Trump's threat to impose 10% tariffs on the remaining US$300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, four large retail trade groups warned on Thursday.
President Donald Trump announced on Thursday he will hit China with punitive tariffs on another US$300 billion in goods, escalating the trade war after accusing Beijing of reneging on more promises.
Colombian President Ivan Duque and his Chinese counterpart Xi Jinping Wednesday agreed in Beijing to strengthen bilateral relations as they signed 12 bilateral accords in areas including judicial cooperation, trade, agriculture, education and customs.
U.S. and Chinese negotiators ended a brief round of trade talks on Wednesday with little sign of progress and agreed to meet again in September, prolonging an uneasy truce in a year-long trade war between the world’s two largest economies.
Brazil’s efforts to build better ties with the United States need not worry China, the South American economy top trade partner, because it had never had a problem with China, the Brazilian foreign minister stated. At issue in the past has been how previous Brazilian administrations handled relations with China, Ernesto Araujo said.