• U.S. Supreme Court Rejects Environmental Challenge to Trump's Border Wall

    14 days ago - By Fortune

    A legal challenge to President Donald Trump's proposed U.S.-Mexico border wall based on environmental considerations has been rebuffed by the Supreme Court.
    The case arises from a lawsuit brought by three conservation groups, the Center for Biological Diversity, the Animal Legal Defense Fund, and Defenders of Wildlife, claiming the border wall project runs afoul of environmental laws.
    The groups appealed to the Supreme Court after a San Diego District Court judge in February ruled against them.
    On Monday, the high court, without comment, declined to hear the challenge, dealing a blow to...
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  • China made more than $1.2 trillion trade commitments: Mnuchin

    14 days ago - By Reuters

    China has made more than $1.2 trillion in additional trade commitments as part of a deal reached by U.S. President Donald Trump and China's Xi Jinping and Beijing has vowed to take immediate steps on those promises.
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  • FuboTV takes its cord-cutting service overseas

    14 days ago - By Fast Company

    The first U.S. live TV streaming service to hit Europe is also the smallest.
    FuboTV may be an underdog among live TV streaming services , but it's also the first to go international with FuboTV España. For €3.99 per month, the service includes 13 live TV channels, many of which are available over the air. This is, however, the first nationwide over-the-top streaming service in Spain to offer Movistar Series, which broadcasts U.S. content from CBS, The CW, NBC, HBO, Hulu, Netflix, Showtime, and Starz. CEO David Gandler told Reuters that the company picked Spain for its high piracy rates...
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  • Trump and Xi agreement buys time in trade war

    14 days ago - By Chron

    WASHINGTON - The dinner table diplomacy that Presidents Donald Trump and Xi Jinping of China conducted over the weekend produced something as vague as it was valuable: an agreement to keep talking.
    Forged over grilled sirloin at the Group of 20 summit Saturday in Buenos Aires, Argentina, the ceasefire Trump and Xi agreed to Saturday night illustrated that the leaders of the world's two largest economies can at least find some common ground, however tentative and ill-defined it might be. The truce pulled the United States and China back from an escalating trade war that was threatening...
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  • Trade truce with China means big changes in Beijing policy: Trump

    14 days ago - By Reuters

    President Donald Trump and top U.S. officials said on Monday that a trade truce with China will lead to structural changes in Beijing's economic policies, including lower tariffs, lower non-tariff barriers and more market access for U.S. companies.
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  • China vowed to move immediately on new trade commitments: U.S. official

    14 days ago - By Reuters

    China vowed over the weekend to move immediately on new commitments it made to improve trade relations with the United States, a top White House official said on Monday.
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  • The next date to watch in the US-China trade war is Dec. 18, expert says

    14 days ago - By CNBC

    China marks the 40th anniversary of its economic reforms and opening up on Dec. 18 - an occasion Beijing could use to emphasize its commitment to transform its economy, noted Scott Kennedy of the Center for Strategic and International Studies.
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  • Trump Says China Has Agreed To 'Reduce And Remove Tariffs' On American-Made Cars

    Trump Says China Has Agreed To 'Reduce And Remove Tariffs' On American-Made Cars

    14 days ago - By Huffington Post

    The president tweeted the claim following a meeting with Chinese leader Xi Jinping during which the two powers agreed to a trade truce.
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  • The cease-fire of an escalating trade dispute between the U.S. and Chi

    14 days ago - By AG Web

    The cease-fire of an escalating trade dispute between the U.S. and China is igniting hopes of a possible de-escalation drove markets to start of the week, despite retaliatory tariffs still being in place.
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  • Wall Street Cheers Ceasefire in U.S.-China Trade War

    14 days ago - By Fortune

    Investors were ebullient Monday on word that the U.S. and China have agreed to suspend their trade war .
    At 10:40 a.m. ET Monday, the Dow Jones Industrial average had bounded 346 points, a 1.36% gain, though that was down slightly from the 450 surge that came at market open. The S&P 500 was up nearly 33 points , while the Nasdaq index jumped 122 points, a 1.66% increase.
    While the ceasefire in the trade war is a temporary one, investors seem hopeful that the agreement made at the G20 summit will become a permanent armistice.
    Under the terms, the U.S. and China have agreed not to increase...
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  • 'A deferment of disaster': The Trump-Xi detente shows the US and China still have a long way to go to end the trade war

    'A deferment of disaster': The Trump-Xi detente shows the US and China still have a long way to go to end the trade war

    14 days ago - By Business Insider

    US President Donald Trump and Chinese President Xi Jinping agreed to a 90-day delay of any new tariffs at a dinner Saturday.
    It marked the most substantial progress toward ending the US-China trade war.
    The deal was cheered by US business groups and led to a jump in stocks.
    But the two sides remain far apart on a final deal, and there are substantial differences between the Trump administration's and Beijing's outlooks.
    According to analysts, it is unlikely that a broader deal is reached in 90 days, and the possibility for an escalation of the trade war remains.
    The US and China took the...
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  • U.S. and China Talk Up Qualcomm-NXP Merger. There's Just One Problem: The Deal Is Dead

    14 days ago - By Fortune

    One major victim of the U.S.-China trade war was the planned takeover of the Dutch semiconductor-maker NXP by the U.S.'s Qualcomm - it was going to be the industry's biggest-ever merger, but Chinese regulators refused to clear it, and it sank in July when time ran out for regulatory clearance.
    On the weekend the U.S. and China announced an agreement that will ward off an escalation of the trade war over a 90-day period of negotiations. And in its statement about the truce , the White House said China's President Xi Jinping had stated he was “open to approving the previously unapproved...
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  • There's A Truce In The U.S.-China Trade War. What's Been Achieved?

    14 days ago - By NPR

    Steve Inskeep talks to Erin Ennis, senior vice president of the U.S.-China Business Council, about the U.S. and China reaching a temporary truce in the ongoing trade war launched earlier this year.
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  • Investors still don't understand the fundamentals of US/China relations

    Investors still don't understand the fundamentals of US/China relations

    14 days ago - By Tech Crunch

    This weekend, Presidents Donald Trump and Xi Jinping agreed to something of a détente around American tariffs on Chinese goods. Stocks across Asia swooned, for reasons that make no sense to me. Plus, Bloomberg's spy story redux and Berlin airport fun.
    We are experimenting with new content forms at TechCrunch. This is a rough draft of something new - provide your feedback directly to the author if you like or hate something here.
    Chinese stocks swoon over tariff slowdown - but why?
    Trump and Xi agreed to delay the implementation of tariffs for 90 days while China offered to buy more...
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  • Auto stocks are surging after Trump says China will 'reduce and remove tariffs' on US cars

    Auto stocks are surging after Trump says China will 'reduce and remove tariffs' on US cars

    14 days ago - By Business Insider

    Auto stocks rallied Monday after Trump tweeted on Sunday that China will cut and remove tariffs on cars imported from the US.
    The tweet came just after the US and China reached a tentative truce on the trade war.
    So far, Trump has posted tariffs on $250 billion goods of Chinese goods coming into the US. And China has targeted $110 billion worth of US imports.
    Earlier this year, China also raised duties on US auto imports to 40%, and slashed auto import tariffs for the broader market to 15% from 25%.
    Auto stocks are surging Monday after President Donald Trump said on Sunday that China will...
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  • The Dow rallies more than 400 points after Trump and Xi reach trade war cease-fire

    The Dow rallies more than 400 points after Trump and Xi reach trade war cease-fire

    14 days ago - By Business Insider

    Global markets rallied Monday, led by automakers and energy stocks.
    President Donald Trump and Chinese President Xi Jinping reached an agreement to put off plans to more than double the rate on a majority of tariffs against Beijing to 25% on January 1.
    Watch the major US indices trade in real time here.
    Stocks soared Monday after the US and China reached a cease-fire on their trade battle over the weekend, pausing expectations for proposed tariff escalations between the world's largest economies.
    The Dow Jones Industrial Average jumped 1.6%, or more than 400 points. The Nasdaq Composite...
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  • Trump says China to cut tariffs on U.S.-made autos after trade war truce

    14 days ago - By Reuters

    China has agreed to "reduce and remove" tariffs below the 40 percent level that Beijing is currently charging on U.S.-made vehicles, U.S. President Donald Trump said, as a trade war truce between the two countries gathers pace, cheering markets. As Sonia Legg reports, Trump and Chinese President Xi Jinping agreed to hold off on new tariffs during talks in Argentina on Saturday.
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