The United States and China cooled their trade war, announcing a ‘Phase one’ agreement that reduces some US tariffs in exchange for what US officials said would be a big jump in Chinese purchases of American farm products and other goods.
Expectations for a US-Chinese trade truce rose Friday, though Beijing accused Washington of unfairly attacking its economy and said a settlement to their costly, 17-month-old conflict must be “mutually beneficial.”
China has once again warned the US that tariffs must be cut if Beijing and Washington are to reach an interim agreement on trade, amid growing uncertainty on when even a phase-one agreement can be reached.
President Donald Trump said a trade agreement with China might have to wait until after the U.S. presidential election in November 2020, denting hopes of a resolution soon to a dispute that has weighed on the world economy.
Beijing and Washington have made “substantial progress” towards a partial trade deal, China's top trade negotiator said Saturday, in his first comments since talks with US president Donald Trump last week.
India is pressing ahead with talks to join a China-led free trade pact, officials said on Thursday, despite the fears of some domestic producers that the country would be flooded with cheaper Chinese imports.
US President Donald Trump says his administration has a "very good chance" of making a trade deal with China, and insisted there were no links between the trade talks and his request for Beijing to investigate Democratic presidential candidate Joe Biden.
A long-anticipated trade deal between Iran and the Eurasian Economic Union (EAEU) will officially take effect on October 27, according to reports and remarks by a senior Iranian minister of government.
US President Donald Trump said on Monday he was optimistic that a final trade deal could be reached with China and that he would hold a summit to sign any pact, but cautioned an agreement may still not happen.