The renminbi fell past the key point of 7 to the U.S. dollar, in a signal that Beijing may be willing to use devaluation as a trade war weapon.
Tag: Customs (Tariff)
China Reacts to Trade Tariffs and Hong Kong Protests by Blaming U.S.
Now the gloves are off, with American and Chinese negotiators making little progress at talks in Shanghai this week.
U.S.-China Trade Talks End With No Deal in Sight
Negotiators left Shanghai on Wednesday with little immediate sign of progress as both sides appear to be settling in for a long economic clash.
After Tariff Threat, Trump Says Guatemala Has Agreed to New Asylum Rules
The administration has signed an agreement with Guatemala to require migrants who travel through that country to seek asylum there instead of in the United States.
China Needs New Places to Sell Its Mountain of Stuff
Faced with severe factory overcapacity at home and tariffs on exports to the U.S., Beijing wants to finish a much-delayed Asian free-trade pact.
Brexit Under Boris Johnson: Deal or No Deal?
Theresa May’s designated successor as prime minister says he is willing to leave the European Union without an agreement, despite dire predictions and opposition in Parliament.
These Companies Wanted Tariffs. How Are They Faring Now?
President Trump’s trade policies have helped American steel, aluminum, lumber, solar and washing-machine businesses, but not as much as they might have hoped.
Global Recession Risks Are Up, and Central Banks Aren’t Ready
The world’s monetary authorities have limited policy space, and it’s unclear whether their backup plans will suffice to bolster growth and inflation.
U.S. Proposes New Tariffs on $4 Billion of E.U. Goods as Trade Dispute Grows
The United States moved to impose levies on more products than previously planned in an escalation of its fight with Europe over government aid for Boeing and Airbus.
E.U. Signs Trade Deal With Vietnam
The deal underscores the European Union’s commitment to free trade in the face of rising trade tensions and protectionism around the world.