China Cancels Trade Talks With U.S. Amid Escalation of Tariff Threats

China scotched trade talks with the U.S. that were planned for the coming days, according to people briefed on the matter, further dimming prospects for resolving a trade battle between the world’s two largest economies. The decision to pull out of the talks follows the latest escalation in trade tensions. On Monday, President Trump announced…

Continue Reading →

U.S. companies blast Trump China tariff costs

Hundreds of American businesses have testified in hearings hosted by the Office of the U.S. Trade Representative, hoping to shed light on the damaging effect tariffs on Chinese goods will have on the average American consumer. The big picture: From “cradles to coffins,” the 25% tariffs proposed by the Trump administration on $200 billion worth…

Continue Reading →

China pledges retaliation against new Trump tariff threat

The Chinese government’s response to the Trump administration’s new threat to hike a proposed tariff on $200 billion worth of Chinese imports from 10% to 25%. “U.S. pressure and blackmail won’t have an effect. If the United States takes further escalatory steps, China will inevitably take countermeasures and we will resolutely protect our legitimate rights.”…

Continue Reading →

Chinese Economy Starts to Feel Tariff Impact

Updated July 31, 2018 9:02 a.m. ET BEIJING—China’s leadership pledged to ensure economic stability as its trade fight with the U.S. started to pinch growth, signaling that a bigger stimulus could be on the horizon. A Tuesday meeting of the Politburo, whose members are China’s top arbiters of power, highlighted the external challenges faced by…

Continue Reading →

Mexico and Canada Optimistic on Nafta Deal Amid Tariff Tensions

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot”…

Continue Reading →

China Can Hit U.S. Tech Firms Where It Hurts in Tariff Response

Terms of Service Violation Your usage has been flagged as a violation of our terms of service. For inquiries related to this message please contact support. For sales inquiries, please visit http://www.bloomberg.com/professional/request-demo If you believe this to be in error, please confirm below that you are not a robot by clicking “I’m not a robot”…

Continue Reading →

Behind the Flattening Yield Curve: Fed Rate Increases and Tariff Fights

The gap between yields on short- and longer-term Treasurys has narrowed to nearly 11-year lows, a sign investors remain cautious about the outlook for economic growth even as they expect the Federal Reserve to continue raising interest rates. The difference between the yields on two- and 10-year U.S. government notes on Thursday settled at 0.279,…

Continue Reading →

Canada Targets Whiskey, Toilet Paper in Trump Tariff Response

From mustard to motorboats, Canada’s firing back against Donald Trump on its national holiday. Prime Minister Justin Trudeau will mark Canada’s 151st birthday Sunday by imposing tariffs finalized Friday on about C$16.6 billion ($12.6 billion) worth of U.S. imports in response to American levies on Canadian steel and aluminum that went into effect a month…

Continue Reading →