Trump, Trade War
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Trump Says U.S. Trade Deal With China Is Done
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The U.S.-China talks on trade resemble arms-control negotiations, with export controls the key weapons. As part of a monthslong feud, the two sides choked off the supply of such exports as rare earths or semiconductor technology in a bid to gain an edge.
U.S. trade negotiations have transitioned from their opening act, with its many twists and turns, into a new, protracted chapter: the Slow Grind. It may be less turbulent than this past spring's drama,
Donald Trump has said the US and China’s deal to restore their trade war truce is “done” after two days of marathon negotiations in London. In a post on his Truth Social network on Wednesday the US president hailed a breakthrough reached in bilateral talks in London late the night before.
The U.S.-China talks on trade resemble arms-control negotiations, with export controls being the key weapons in each side’s arsenal.
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The number of Chinese companies on the Global 2000 has dropped from a peak of 351 in 2022 to 317 this year. Sluggish domestic consumption and the prospect of a U.S.-China trade war is already taking its toll among Chinese companies.
Officials from both sides are meeting on Monday in London, aiming to resolve differences over tariffs and supply chains that have endangered a fragile truce between the countries.
Here are all the tariffs, counter-tariffs, dealmaking, and deal-breaking between the world’s two biggest economies.
FRANKFURT (Reuters) -Coercive trade policies fail to resolve financial imbalances and the risk of mutual economic damage is so great that all sides need to weigh policy adjustments to resolve tensions, European Central Bank President Christine Lagarde said on Wednesday.
Rising geopolitical tensions and shifts in trade policy have increased risks to Ireland’s financial system, the country’s regulator warned.
A casket maker in Magog, Que., is the only one in Canada to make coffins out of steel. The 50 per cent tariff is hurting business.