• Trade War Fears Ease as Trump Chooses Less Aggressive Option Against Chinese Tech Firms

    11 monthes ago - By Fortune

    In the latest saga of the back-and-forth trade negotiations between the U.S. and China, president Donald Trump backed away from more aggressive curbs against Chinese investments in U.S. technology firms, temporarily soothing trade war fears.
    In a statement Wednesday, the White House said it would back plans to strengthen an existing process to review foreign investments in U.S. companies. While still likely to keep such investments in check, the move is less aggressive than expected. Previously, it has been reported that the Trump was considering barring many Chinese firms from investing...
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  • China could be turning to a stealth weapon in its trade war with Trump

    China could be turning to a stealth weapon in its trade war with Trump

    11 monthes ago - By Business Insider

    President Donald Trump threatened to label China a currency manipulator throughout his campaign.
    Treasury officials have declined to do so three times under the Trump administration.
    The Chinese yuan on Wednesday slid to its lowest level against the dollar this year.
    The Trump administration has threatened to slap tariffs on nearly all Chinese imports to the US, a move Beijing isn't able to match in duties of its own. Meanwhile the yuan, has weakened to fresh lows, raising questions about whether China could counter trade threats with currency manipulation .
    The yuan hit its lowest level...
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  • Stocks turn higher as trade-war worries ease

    11 monthes ago - By Chron

    NEW YORK - Stocks turned higher Wednesday after fears about an economy-rattling trade war stepped down a notch.
    The Trump administration indicated it's shifting away from a plan to impose limits on Chinese investment in U.S. technology companies and high-tech exports to China. Instead, the administration is calling on Congress to enhance an existing review process.
    Investors took it as a sign of a softer stance after escalating rounds of tough talk between the world's two largest economies, and U.S. stock indexes rose at the opening bell. Earlier, the futures market had indicated U.S...
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