Tag: Customs (Tariff)

Trump’s China Deal Leaves the Global Economy as Uncertain as Ever

WASHINGTON — President Trump’s trade truce with China may have temporarily cooled tensions between the world’s two largest economies. But the damage from Mr. Trump’s aggressive approach to trade policy will continue to weigh on the global economy. The “agreement in principle” with China — which has yet to be finalized — would not roll […]

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What’s Really in the Trade Deal Trump Announced With China

President Trump portrayed the “Phase 1” agreement he announced on Friday with China with typical fanfare, describing the pact as “massive” and “the largest contract” ever signed. “We made a fantastic deal,” Mr. Trump said during remarks on Tuesday at the White House. There are good reasons to be skeptical about those claims. The deal […]

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For Both Trump and Xi, Trade Deal Comes Amid Growing Pressures at Home

BEIJING — The interim trade pact announced Friday between the United States and China came together as both country’s leaders faced mounting political pressures and rising economic worries at home. For months, President Trump has increased pressure on Beijing with higher tariffs on Chinese goods, insisting on a comprehensive trade deal that addressed a long […]

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Trump and China Have a ‘Phase One Deal.’ The World Economy Is Still at Risk.

Financial markets are downright exuberant about the arrival of some trade peace — at least for now — between the United States and China. President Trump boasted Friday afternoon of a “substantial phase one deal,” including Chinese purchases of American agricultural products and an accord on currency policy. The United States is also holding off […]

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Trump to Meet Chinese Envoy Amid Hopes of Trade War Truce

WASHINGTON — President Trump will meet with China’s top trade envoy at the White House Friday afternoon amid growing expectations that the United States could soon announce a trade truce that would help defuse tensions with China. After months of the United States pushing China for a comprehensive trade deal, negotiators now appear to be […]

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Why We Worry About the U.S.-China Trade War

The 18-month trade war between the United States and China represents the single greatest threat to global economic growth today. A failure to bring the trade war to a satisfactory conclusion significantly increases the risk of recession next year in the United States, Europe, Japan and other developed and emerging economies. It would also seriously […]

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U.S. and China May Be Headed for Mini-Deal on Trade This Week

WASHINGTON — The United States and China could announce a limited trade agreement this week that would prevent President Trump’s planned tariff increase from going into effect this month and set rules around how China manages its currency, according to a U.S. Chamber of Commerce official who has been briefed by both negotiating teams. Top […]

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Trump Administration Weighs Economic Escalation Against China

WASHINGTON — Trump administration officials are weighing a range of options that could inflict additional economic pain on China as the United States continues looking for ways to force Beijing to change longstanding practices that have put American companies at a disadvantage. The ideas under consideration would move the White House’s negotiating tool of choice […]

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Trump Green-Lights Some Sales to Huawei

WASHINGTON — The Trump administration plans to soon issue licenses allowing some American companies to supply nonsensitive goods to the Chinese telecom giant Huawei, according to people familiar with the matter, a step that could cool tensions between the United States and China as trade talks resume this week. In a meeting last week, President […]

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Trump’s Trade War Could Put Swiss-Size Dent in Global Economy, I.M.F. Warns

WASHINGTON — The new head of the International Monetary Fund warned on Tuesday that America’s trade war with China could cost the global economy around $700 billion by 2020 — a loss equivalent to the size of Switzerland’s entire economy. In her first speech as managing director, Kristalina Georgieva said the global economy had shifted […]

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Here Comes the Trump Slump

When he isn’t raving about how the deep state is conspiring against him, Donald Trump loves to boast about the economy, claiming to have achieved unprecedented things. As it happens, none of his claims are true. While both G.D.P. and employment have registered solid growth, the Trump economy simply seems to have continued a long […]

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Why Trump Just Made Your Dinner More Expensive

American shoppers may not have paid close attention to a 15-year controversy involving generous subsidies that the European Union provided Airbus, its largest aircraft manufacturer. But that long-running dispute between Europe and the United States is about to turn up at the supermarket. The Trump administration said on Wednesday that, starting Oct. 18, it will […]

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U.S. Can Recoup $7.5 Billion in Airbus Subsidies Case at W.T.O.

WASHINGTON — The World Trade Organization granted the United States permission to impose $7.5 billion of tariffs annually on the European Union as part of a long-running complaint over subsidies given to European plane maker Airbus, clearing the way for the Trump administration to tax European airplanes, wine and other products. The ruling is the […]

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Apple Keeps Making Computer in Texas After Tariff Waivers

SAN FRANCISCO — Apple will make its new Mac Pro computer in Texas after the Trump administration agreed to waive tariffs on some of its Chinese-made parts, the company said on Monday. The United States on Friday granted Apple’s requests for tariff exemptions for 10 Chinese parts in its new $6,000 Mac Pro. The announcement […]

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Despite Tough Talk, U.S.-China Trade Negotiations Continue

SHANGHAI — The combination on Friday of tough words from President Trump and the cancellation of a planned trip by Chinese agriculture officials to two farm states seemed to cast a cloud over prospects for a trade deal and caused a sell-off in New York stock trading. But both sides moved on Saturday to indicate […]

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Trump Calls China a ‘Threat to the World’ as Trade Talks Approach

WASHINGTON — President Trump said on Friday that China was a “threat to the world” and suggested Beijing was eager to make a trade deal because his tariffs were hurting the Chinese economy, coarsening his tone as the two countries prepared to resume negotiations. The Trump administration has closely tied economic policy and national security […]

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Survey Shows Broad Opposition to Trump Trade Policies

Economists and business leaders have been warning for months that President Trump’s trade war could damage the economy. The American public increasingly shares those concerns. Consumers have been a bulwark of support for the economy, remaining confident even as hiring has slowed, the manufacturing sector has slumped and financial markets have grown volatile. But cracks […]

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Trump Races for Trade Deals With Japan and India as China Fight Persists

WASHINGTON — The Trump administration is racing to announce limited trade deals with Japan and India before the end of the month, as President Trump tries to score some wins amid a protracted trade fight with China. The “minideals” are aimed at helping Mr. Trump overcome concerns about his trade approach before the 2020 election […]

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Trump Says U.S. and Japan Have Reached Initial Trade Agreement

WASHINGTON — President Trump said on Monday that his administration had reached an initial trade agreement with Japan and planned to announce a deal in the coming weeks. The trade pact is expected to increase access for American agricultural products like beef and chicken to the Japanese market, providing some relief to farmers who have […]

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China Drops Some U.S. Pork and Soybean Tariffs as Trade Tensions Ease

BEIJING — China will exempt some American soybeans, pork and other agricultural products from additional tariffs, state media reported on Friday, in the latest move by Beijing to ease trade tensions with the United States. China Central Television, the nation’s official broadcaster, did not disclose details. But in a brief report issued late Friday afternoon, […]

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