If implemented, tit-for-tat tariffs would ripple through the world’s two largest economies, as evidenced by Tuesday’s falling stock markets, and the damage could spread.
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Posted inBusiness, Local & State, News
China’s threatened tariff on lobster from U.S. has Maine’s industry on edge
It could put lobstermen at a price disadvantage of as much as 45% in their biggest overseas market, threatening a drop-off in sales that would ripple across the state’s economy.
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Posted inBusiness, Nation & World
U.S. deal with China’s ZTE includes $1 billion fine
But critics question Trump’s decision to relax the punishment on the Chinese telecom company.
Posted inBusiness, Nation & World, Politics
U.S. renews threats of retaliation against China for unfair trade practices
Analysts say the moves could be part negotiating strategy and part appeasement aimed at congressional critics of Trump’s deal allowing Chinese telecom giant ZTE Corp. to stay in business.
Posted inOp-eds, Opinion
Commentary: Trump’s decision on Chinese telecom giant ZTE undermines U.S. credibility
It suggests that sanctions can be circumvented if foreign powers threaten the president’s political interests.
Posted inBusiness, Nation & World
Trump push to rescue Chinese company flouts warnings on threat to national security
Intelligence officials fear ZTE’s phones and other devices and giving it access to U.S. telecom networks could be used as surveillance tools against Americans.
Posted inBusiness, Nation & World
U.S.-China trade dispute begins to take toll on both sides
More talks aimed at resolving the conflict are planned for next week in Washington.
Posted inBusiness, Politics
U.S. trade visit to China could delay import tariffs
The underlying frictions between the world’s two largest economies will take much longer to resolve.
Posted inBusiness, Nation & World
China files trade complaint over Trump’s steel, aluminum tariffs
Beijing is seeking tariff talks with the U.S. and, if that fails, it could request a ruling from a panel of trade experts who would decide whether the tariffs violate international rules.
Posted inBusiness, Nation & World
China’s president warns against ‘Cold War mentality’ amid trade skirmish
In an economic forum speech, Xi Jinping pledges market openness and takes a veiled swipe at Trump’s ‘America First’ policies.