Home Tags Trade
Trump has sought to emphasize that claim since reports said that many aspects of the arrangement had been reached before the US threatened tariffs.
Negotiations to defuse the yearlong tariff dispute are set to continue, but the US and China remain far apart on key issues.
US-China trade talks could get off to a rocky start this week as the two sides remain far apart on key issues
The two sides have struggled to see eye to eye on how to enforce structural changes in the second-largest economy.
Nintendo is moving production of its hit Nintendo Switch game console to Vietnam amid trade tensions between China and the US
Nintendo's hit game console, the Nintendo Switch, is produced in China. But now, Nintendo is moving at least part of its production to Vietnam.
A major American steelmaker has lost 70% of its market value since Trump slapped steep tariffs on the metal last year
US Steel, a titan of the metal industry, has lost $5.5 billion in market value and idled two furnaces since Trump announced the move in March 2018.
The trade deficit jumped after talks between Washington and Beijing broke down in early May, leading Trump to hike tariffs on China.
The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all rose throughout the session. Energy badly lagged the market as oil prices plunged.
Oil prices were lower following the move by OPEC, a signal that growth concerns have overwhelmed expectations for lower supply.
The move raised tensions with a major trade partner just days after reaching a temporary ceasefire with China.
US manufacturers are flashing more warning signs all the time — and experts are getting increasingly worried about a possible recession
Manufacturing activity accounts for about 12% of gross domestic product but holds deep ties to other key sections of the economy.