• White House backpedals, No deal in place to roll back auto tariffs with China

    11 days ago - By ETF Daily News

    From Paul A. Eisenstein : Carmakers were initially buoyed by the claim of an “incredible” trade deal emerging from Trump's dinner Sunday with Chinese President Xi Jinping.
    The White House has now backpedaled, acknowledging there was no deal in place to roll back automotive tariffs.
    The Chinese had levied a tariff of 25 percent and was set to roll the penalty back to just 15 percent.
    What looked earlier this week like a resolution to the costly automotive tariff war with China has proven to be little more than a presidential boast.
    The tit-for-tat trade war with China has been proving...
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  • The Latest: Trump optimistic despite haze around China trade

    The Latest: Trump optimistic despite haze around China trade

    11 days ago - By Chron

    BEIJING - The latest on China-U.S. trade developments :
    9:37 a.m.
    President Donald Trump is expressing optimism that China will to push forward with a cease fire on trade as tensions between Washington and Beijing escalates.
    Trump tweeted early Wednesday that Beijing is sending "very strong signals" about a new trade framework since returning from talks over the weekend in Buenos Aires.
    China's Commerce Ministry did say on its website that it would begin "implementing specific issues on which consensus has been reached," but the vague statement included no details.
    Global markets did not...
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  • Trump urges OPEC not to reduce oil outputs

    11 days ago - By Reuters

    U.S. President Donald Trump on Wednesday called on the Organization of the Petroleum Exporting Countries and its allies not to cut oil production next year, saying it would trigger higher oil prices worldwide.
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  • Morning News: December 5, 2018

    11 days ago - By Crossing Wall Street

    Dow Tumbles Nearly 800 Points as Trade Jitters Return
    Bank Stocks Were Bruised the Worst in the Sell-Off. Here's Why.
    China Swings Into Action on Trade as ‘Tariff Man' Trump Ups Pressure
    The U.S. Yield Curve Inversion Is a Happy Sign for Some
    Trade Pledge Slows Stock Sell-Off; Pound Advances
    Takeda Wins Shareholder Approval for Its Shire Megadeal
    New York City Just Became the First US City to Set a Minimum Wage for Uber and Lyft Drivers
    Kroger to Sell Groceries in Walgreens Stores
    Slowing Cigarette Sales Push Altria to Explore Other Opportunities
    In AT&T Merger Appeal, U.S. Has a Message...
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  • China confident on U.S. trade pact, Trump cites Xi's 'strong signals'

    11 days ago - By Reuters

    China expressed confidence on Wednesday that it can reach a trade deal with the United States, a sentiment echoed by U.S. President Donald Trump a day after he warned of more tariffs if the two sides could not resolve their differences.
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  • Stocks tank as ‘Tariff Man' sows confusion over U.S.-China trade

    11 days ago - By Washington Post

    President Trump's renewed threats of more tariff pain in the absence of a deal with Beijing helped send stocks plummeting Tuesday.
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  • Trump says he believes China's Xi is sincere on trade

    11 days ago - By Reuters

    U.S. President Donald Trump on Wednesday said he believed Chinese President Xi Jinping was being sincere at their meeting on trade and that Beijing had been sending "strong signals" since then.
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