The United States Trade Representative's (USTR) office has reportedly prepared a template intended for use in trade negotiations that sets common terms for the talks, according to the Wall Street Journal, citing people familiar with the plans.The broad categories for negotiation are tariffs and quotas, non-tariff barriers to trade, digital trade, rules of origin for products, economic security and other commercial issues, said people familiar with a draft document outlining the negotiating terms. However, they added that the document is subject to change as the administration of United States President Donald Trump gets more information.The US plans to negotiate with 18 of its major trade partners over the next two months, with six partners planned to come for talks...
United States President Donald Trump told reporters on board Air Force One on Friday that he would like to "open China" for selling American products and stressed achieving that would be a "big win."However, Trump remained very cautious about that prospect, noting he may not even ask Beijing for such a thing as he thinks the Chinese "don't want it open." He then expressed a hint of optimism, pointing out his tariffs could make Beijing change its position.Trump added he will not drop tariffs on China unless they "give us something."
Bank of England's Monetary Policy Committee member Megan Greene stated on Friday that central bank officials have "no idea" what US tariffs will look like "when the dust settles.""We are not sure if weakness in the UK economy is caused by demand or supply ... We are more worried about supply and really weak productivity growth," she added. "We should see some trade diversion coming from China."The official also mentioned worries regarding the effects of governmental budget modifications and suggested that European Union fiscal policies could potentially "be a tailwind" for the UK.
United States President Donald Trump announced on Friday that his country is nearing a tariff agreement with Japan.Trump revealed that Washington and Tokyo are "very close" to a deal. "We have a lot of things going on, and I think in the end we'll end up with many good deals," the leader told the...
United States President Donald Trump claimed in an interview with Time magazine published on Friday that he has made 200 deals since he imposed trade tariffs. He did not provide any details, saying that they will be announced over the next three to four weeks and then "we’ll be finished."Trump...
United States President Donald Trump said he would consider it a "total victory" if the US still imposed tariffs on imports of up to 50% in a year's time. He claimed the US "will be making a fortune" and that companies would not relocate their production to the US if there were no tariffs. "We're taking...
China is not engaged in any consultations or negotiations on tariffs with the United States, a Chinese Foreign Ministry spokesperson said on Friday, contradicting US President Donald Trump's claims about a bilateral meeting yesterday. The spokesperson did not confirm a report alleging that China...
The Chinese authorities have "quietly" pulled back retaliatory tariffs on certain semiconductors produced in the United States, CNN reported on Friday, citing three import agencies in Shenzhen.According to the agencies, they were informed about the exemptions late on Thursday. The decision hasn't...
Hong Kong Chief Executive John Lee (pictured) said on Friday that tariffs recently imposed by the United States could lead to a "global economic downturn."At the same time, Lee stressed the "long-term positive trajectory of China’s economy is unstoppable," as reported by the Global Times....
United States President Donald Trump stated on Thursday that Washington is going to just "at one point set prices" for tariff deals with other countries."They either negotiate a deal or we set a deal that we think is fair," the leader noted, and underscored that there is no country that does not...
US President Donald Trump indicated on Thursday that Norway could "pay more" when responding to questions about potential reductions in the proposed 15% US tariff on the Nordic country."Well they have a big fund, $2 trillion and they don't have any debt. So, I think they will be probably...
German Finance Minister Joerg Kukies said on Thursday that he is "optimistic" about the United States and the European Union being able to "resolve differences" when it comes to trade and tariffs.Speaking to CNBC, Kukies noted that zero-for-zero tariffs would be the "preferred outcome" and added...
United States President Donald Trump said on Thursday that discussions on trade between Washington and Beijing took place "this morning" despite China saying that no negotiations have taken place yet.Trump didn't provide any further details about the meeting to which he was referring. In...
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