Donald Trump and Xi Jinping agree a fragile truce at the G20 summit
Treasury Secretary Mnuchin says a trade war has been paused while the nations work on a trade deal.
Donald Trump and Xi Jinping agree a fragile truce at the G20 summit
Pretty much everyone agrees the trade war caused a lot of pain. For the deal to have any real gain, China must hold to its promises to open its markets and stop stealing intellectual property.
The world’s two biggest economies are pulling back from the brink of a trade war after making progress in talks aimed at bringing down America’s massive trade deficit with China.
"Right now, we have agreed to put the tariffs on hold while we try to execute the framework," Mnuchin said Sunday.
The ultimate results of the phase one trade deal between China and the United States — and the trade war that preceded it — have significantly hurt the American economy without solving the underlying economic concerns that the trade war was meant to resolve, write Ryan Hass and Abraham Denmark.
The United States and China are set to resume trade talks next week in an effort to end their ongoing trade war. The two countries have been locked in a trade
Thailand’s central bank left its benchmark interest rate unchanged near a record low, bucking a regional trend as more central banks tighten policy amid a global emerging-market rout.
World leaders gather in France to hold the G7 summit with a full agenda that includes US-China trade war, UK's impending exit from the EU and the consequences of the Amazon fires. The annual gathering of the G7 nations kicked off on Saturday in the French coastal town of Biarritz and set to continue for 3 days. On the other hand, anti-G7 demonstrations were organized in the village of Urrugne and Protesters clashed with police as they tried to break up the rallies by firing tear gas.
China is considering cutting natural gas purchases from the U.S. in its tit-for-tat strategy on trade, according to the South China Morning Post.
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Here's who did what, and when, in President Donald Trump's ongoing trade tussle with China.
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.
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