Wednesday, January 20th, 2021
Home » Tag Archives: Trade deal with China

Tag Archives: Trade deal with China

What Went Wrong? How Trump Lost His ‘Easy to Win’ Trade War with China

Aerial view of large container port. Cranes.

BLOOMBERG, JANUARY 11, 2021 After shrinking for two straight years in 2015 and 2016, China’s total shipments grew each year after Trump took office. (BLOOMBERG) – U.S. President Donald Trump famously tweeted that “trade wars were good, and easy to win” in 2018 as he began to impose tariffs on about $360 billion of imports from China. Turns out he was wrong on both …

Read More »

U.S. trade deficit grows to $64B, highest in 12 years

Container terminal

PortandTerminal.com, September 4, 2020 Despite bloody trade wars and a renegotiation of NAFTA with Canada and Mexico, America’s trade deficits remain stubbornly high. WASHINGTON – After narrowing in the early months of the year due to coronavirus shutdowns, the gap between what the United States buys from the rest of the world and what it sells widened to its highest level …

Read More »

China Says It Will Speed Up U.S. Farm Purchases After Pompeo Talks in Hawaii

Soybeans being loaded from a funnel onto a ship

BLOOMBERG NEWS, JUNE 19, 2020 China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week. The world’s top soybean importer intends to step up buying of everything from soybeans to corn and ethanol after purchases fell behind due to coronavirus disruptions, said two people …

Read More »

China’s ‘Market Condition’ Caveat on U.S. Agriculture Purchases Adds to Phase 1 Doubts

Inside the White House on Wednesday, Chinese Vice-Premier Liu He and US President Donald Trump took part in the signing ceremony for a trade agreement.

By Karl Plume and Tom Polansek CHICAGO, Jan 15 (Reuters) – China’s pledge to buy U.S. farm goods based on “market conditions” during the Phase 1 trade deal signing ceremony on Wednesday added to doubts among farmers and commodity traders over Beijing’s lingering tariffs on U.S. exports. The agreement, meant to reduce tensions after nearly two years of a tit-for-tat …

Read More »

China’s Vice Premier Liu to sign U.S. trade deal in Washington next week

China’s Vice Premier Liu He flanked by Robert Lighthizer on the left and Steven Mnuchin on the right

Reuters, January 9, 2020 BEIJING (Reuters) – China’s Vice Premier Liu He, head of the country’s negotiation team in Sino-U.S. trade talks, will sign a “Phase 1” deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng, spokesman at the commerce ministry. Negotiating teams from both sides remain in …

Read More »