Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: A China Trade Deal Might Not Change Much DealBook Supported by March 4, 2019 Good Monday morning. (Was this email forwarded to you? Sign up here .) An expected China trade deal lacks teeth The Trump administration is nearing a trade deal with China that would roll back tariffs on both sides of the Pacific, Ana Swanson and Keith Bradsher of the NYT write. What America could get: • The deal would “require Beijing to make big purchases of American agricultural and energy goods and to lower some barriers that prevent American companies from operating in China.” • The potential agreement “would expand markets for American financial services firms and farmers, in part by requiring that China buy large amounts of energy and farm goods, like liquid natural gas and … [Read more...] about DealBook Briefing: A China Trade Deal Might Not Change Much
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Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Could Trump Cave Too Easily on a China Trade Deal? DealBook Supported by Feb. 21, 2019 Good Thursday morning. (Was this email forwarded to you? Sign up here .) Trade talks progress, with fears of overcompromise American and Chinese officials have reportedly begun to hash out documents that could form the basis of a trade deal, but there are growing concerns that leaders of both nations are softening on key demands. More on the progress from Bloomberg, citing an unidentified source: • Several memorandums of understanding “would cover areas including agriculture, non-tariff barriers, services, technology transfer and intellectual property, said the person.” • “The enforcement mechanism remains unclear, but would likely be a threat that tariffs would be reimposed … [Read more...] about DealBook Briefing: Could Trump Cave Too Easily on a China Trade Deal?
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Trump Says U.S. May Delay China Trade Deal Deadline Supported by ByDeborah B. Solomon Feb. 12, 2019 WASHINGTON — President Trump said on Tuesday that he would consider delaying a March 2 deadline to reach a trade deal with China, saying the United States might not impose higher tariffs on Chinese goods if talks with Beijing were going well. “If we’re close to a deal where we think we can make a real deal, I could see myself letting them slide for a little while,” Mr. Trump said during remarks at the Oval Office. Mr. Trump’s comments came as American officials were in Beijing for a week of talks with Chinese officials to try to resolve a trade war that has begun to inflict economic damage on both sides of the Pacific. The two countries are trying to work out significant … [Read more...] about Trump Says U.S. May Delay China Trade Deal Deadline
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Stocks Tumble as China Trade-Deal Concerns Resurface Supported by ByMatt Phillips Jan. 22, 2019 The stock market’s strong start to the year stalled on Tuesday, amid growing pessimism about the prospects for a deal to defuse trade tensions between China and the United States. The S&P 500, which had enjoyed its best start to a year since 1987 through the end of trading on Friday, ended Tuesday down 1.4 percent, the market’s second-worst loss of the year. Stocks slumped from the outset, and the selling worsened through the day after The Financial Times reported that the Trump administration had rejected an offer from China to hold preparatory talks ahead of high-level trade meetings in Washington later this month. Such advance discussions are thought to be an important step toward … [Read more...] about Stocks Tumble as China Trade-Deal Concerns Resurface
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | Pessimism Looms Over Prospect of a Sweeping China Trade Deal Supported by ByAlan Rappeport Jan. 21, 2019 WASHINGTON — As a critical round of talks with China kicks off next week, the Trump administration is increasingly pessimistic that Beijing will make the kind of deep structural changes to its economy that the United States wants as part of a comprehensive trade agreement, according to officials involved with the talks. The United States is now weighing whether large Chinese purchases of American goods and more modest economic changes will be enough for a deal to end a damaging trade war between the two nations and help calm volatile markets. A Chinese delegation led by Liu He, China’s vice premier, will meet with Robert Lighthizer, the Trump administration’s top trade negotiator, … [Read more...] about Pessimism Looms Over Prospect of a Sweeping China Trade Deal