Topic: trade-war

France, US move towards temporary truce in trade war

France, US move towards temporary truce in trade war

Liz Alderman, Jim Tankersley and Ana Swanson, The New York Times
Posted at Jan 22 11:41 AM

The apparent détente emerged after Macron and President Donald Trump agreed in a phone call late Sunday to grant more time for negotiations over a global solution to taxing Amazon, Facebook and other digital companies. Read more »

IMF trims global growth estimates for 2020, 2021

IMF trims global growth estimates for 2020, 2021

Agence France-Presse
Posted at Jan 21 01:03 PM

In the latest update to its World Economic Outlook, the IMF cut the global growth estimate for 2020 to 3.3 percent, 0.1 percentage point lower than in the prior report released in October. It lowered the 2021 forecast by 0.2 percentage points, to 3.4 percent.   Read more »

China posts weakest growth in 29 years as trade war bites

China posts weakest growth in 29 years as trade war bites

Stella Qiu and Kevin Yao, Reuters
Posted at Jan 17 11:41 AM

But data also showed the world's second-largest economy ended the year on a firmer note as trade tensions eased, suggesting a raft of growth boosting measures over the past two years may finally be starting to take hold. Read more »

Trump’s next trade fight could be with Europe

Trump’s next trade fight could be with Europe

Ana Swanson and Jack Ewing, The New York Times
Posted at Jan 17 08:51 AM

In remarks in Washington on Thursday morning, Phil Hogan, the new European trade commissioner, gave a frank assessment of an important trading relationship that had grown troubled on many fronts. Read more »

A Maine paper mill's unexpected savior: China

A Maine paper mill's unexpected savior: China

Ellen Barry, The New York Times
Posted at Jan 16 09:37 AM

The most startling thing about Zhang was her promise that Nine Dragons would operate the mill for 100 years, long enough to employ Edwards’ children and grandchildren. Read more »

US-China trade deal: What’s in (and out) the agreement

US-China trade deal: What’s in (and out) the agreement

Peter Eavis and Alan Rappeport, The New York Times
Posted at Jan 16 09:13 AM

The agreement signed Wednesday includes some victories for Trump: China has committed to buy an additional $200 billion of American goods and services by 2021 and crack down on business practices that the Trump administration has criticized. But text of the accord does not provide enough information to determine how it will work in practice. Read more »

World stocks climb new peaks on US-China trade deal

World stocks climb new peaks on US-China trade deal

Herbert Lash, Reuters
Updated as of Jan 16 08:37 AM

US President Donald Trump and Chinese Vice Premier Liu He signed a Phase 1 deal that will roll back some tariffs and see China boost purchases of US goods and services, defusing a prolonged conflict between the world's two largest economies. Read more »

US, China set to sign vital trade truce

US, China set to sign vital trade truce

Heather Scott, Agence France-Presse
Posted at Jan 15 12:38 PM

Although tariffs on hundreds of billions of dollars of two-way trade will remain in place, likely at least until after President Donald Trump faces reelection in November, some of the uncertainty will go away. Read more »

World stocks close out 2019 with robust gains

World stocks close out 2019 with robust gains

Agence France-Presse
Posted at Jan 01 07:41 AM

New York rallied into the close, turning positive for the day and leaving the broad-based S&P 500 and tech-heavy Nasdaq up 29 percent and 35 percent respectively for 2019, the best showings in 6 years. Read more »

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