Tag: International Trade and World Market

China’s Economic Growth Slows as Challenges Mount

SHANGHAI — China’s economic slowdown worsened in the July-to-September period, according to data released on Friday, as the trade war with the United States and a host of other problems leave Beijing struggling to meet its goals. The figures show China continues to grow at its slowest pace in nearly three decades of modern record-keeping. […]

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Brexit Live Updates: E.U. and U.K. Come to an Agreement

Here’s what you need to know: ImagePrime Minister Boris Johnson of Britain, left, and the European Commission president, Jean-Claude Juncker, at a news conference in the European Union’s headquarters in Brussels on Thursday.CreditFrancisco Seco/Associated Press Britain and the E.U. say there is a deal. Britain and the European Union announced on Thursday that an agreement […]

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Brexit Deal Between U.K. and E.U.: Live Updates

Here’s what you need to know: Britain and the E.U. say there is a deal. ImagePrime Minister Boris Johnson of Britain called the draft agreement a “great new deal that takes back control.”CreditAndy Rain/EPA, via Shutterstock Britain and the European Union announced on Thursday that an agreement on the draft text of a Brexit deal […]

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Peter Navarro Invented an Expert for His Books, Based on Himself

Peter Navarro, a top White House trade adviser, has developed a reputation in Washington as a Rasputin-like China hawk who whispers anti-China musings in President Trump’s ear. This week, Washington learned about the mysterious anti-China voice that has long whispered in Mr. Navarro’s ear: Ron Vara. Ron Vara has appeared as a cryptic voice of […]

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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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The China Connection: How One D.E.A. Agent Cracked a Global Fentanyl Ring

Around 3 a.m. on Saturday, Jan. 3, 2015, Laura and Jason Henke awoke with a start at their home in Minot, N.D. Their dog was barking wildly. At the door, in the early morning shadows, they found a police officer and, behind him, a pastor. The officer asked to see Laura’s ID to confirm that […]

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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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How to Invest When the Market Can’t Make Up Its Mind

Stocks have been even more fickle than usual. The main stock indexes are all up this month, and they have had double-digit gains since January. But it has been hard for traders to muster much enthusiasm. Despite the recent rallies, stocks haven’t made substantial net gains since the beginning of last year. For the American […]

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American Basketball vs. Chinese Hardball. Guess Who Won.

BEIJING — Back in the Cold War, the sclerotic Soviet system proved no match for the lure of American soft power: bluejeans, jazz, rock ’n’ roll, Coca-Cola, Hollywood. All became symbols of American freedom and prosperity that no amount of communist prohibitions could stop. Today, China poses a far more formidable yet lucrative challenge for […]

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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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When China Comes for Pooh Bear …

What happens when China’s enforcers come after Winnie-the-Pooh? Will we reluctantly hand over Pooh Bear? Really sorry about this, Winnie, but China’s an important market! Winnie-the-Pooh has been banned in China online and at movie theaters because snarky commentators have suggested that he resembles the portly President Xi Jinping. But these days Xi doesn’t want […]

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Dealing With China Isn’t Worth the Moral Cost

The People’s Republic of China is the largest, most powerful and arguably most brutal totalitarian state in the world. It denies basic human rights to all of its nearly 1.4 billion citizens. There is no freedom of speech, thought, assembly, religion, movement or any semblance of political liberty in China. Under Xi Jinping, “president for […]

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Fed Officials Voice Concern About Slowdown’s Effect on Hiring

WASHINGTON — Several Federal Reserve policymakers, at their most recent meeting, voiced concern that weaker business activity and investment could lead to slower hiring and consumer spending, according to minutes of the meeting published on Wednesday. The Fed cut interest rates for a second time this year at that meeting, in mid-September, after a reduction […]

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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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These Trade Claims Made by Trump? They’re All Wrong

Debating trade issues with President Trump’s anti-trade supporters is a constant game of goal shifting. If you point out that the Trump tariffs are raising revenue for Uncle Sam on the backs of American consumers, they reply that China is hurting the most. If you note that the trade war is the main reason the […]

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