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Articles written by Paul Wiseman

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Trade impasse: Trump pledges $16B to farmers; markets slump

WASHINGTON (AP) — President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S. and China are far from settling a bitter,...

 

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto...

 

Trump's tariffs on China: What are they? How do they work?

WASHINGTON (AP) — President Donald Trump has heightened tensions with China by escalating his tariffs on $200 billion in Chinese goods from 10% to 25%. As a tool of national policy, tariffs had long been fading into history, a relic of the 19th...

 

Escalation in Trump tariffs looms over US-China trade talks

WASHINGTON (AP) — U.S. and Chinese negotiators met Thursday just hours before the United States was set to raise tariffs on Chinese imports in a dramatic escalation of tensions between the world's two biggest economies. China has threatened to...

 

US-China talks break up after US raises tariffs

WASHINGTON (AP) — Trade talks between the U.S. and China broke up Friday with no agreement, hours after President Donald Trump more than doubled tariffs on $200 billion in Chinese imports. Trump asserted on Twitter that there was "no need to rush"...

 

Can US, China salvage their talks and end trade war?

WASHINGTON (AP) — Heightened trade tensions between the United States and China are spooking financial markets and putting a chill on prospects for the global economy. Chinese officials are heading to Washington to try to salvage negotiations...

 

Commission: New NAFTA would deliver modest economic gains

WASHINGTON (AP) — President Donald Trump's new North America trade agreement would give the U.S. economy only a modest boost, an independent federal agency has found. The International Trade Commission said Thursday that Trump's U.S.-Mexico-Canada...

 

Global finance officials pledge to tackle economic slowdown

WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials...

 

Leading finance officials acknowledge global slowdown

WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the...

 

Trump team and China resume uphill effort to end trade rift

WASHINGTON (AP) — The U.S. and China opened a ninth round of talks Wednesday, aiming to further narrow differences in an ongoing trade war that has deepened uncertainty for businesses and investors and cast a pall over the outlook for the global...

 

From corn to Apple: What's behind the US-China standoff

WASHINGTON (AP) — To hear the Americans tell it, the Chinese have gone on a commercial crime spree, pilfering trade secrets from seed corn to electronic brains behind wind turbines. China has stripped the arm off a T-Mobile robot, the U.S. says,...

 

US and China extend trade talks; Xi-Trump meeting may follow

WASHINGTON (AP) — U.S. and Chinese negotiators agreed Friday to extend high-level trade talks through the weekend, and President Donald Trump said he hoped to meet next month at his Florida resort with President Xi Jinping to try to finalize an...

 

Humbug holidays: US retail sales drop 1.2 pct in December

WASHINGTON (AP) — U.S. retail sales fell in December, posting the biggest drop since September 2009 and delivering more evidence that last year's holiday sales fizzled unexpectedly. Even e-commerce suffered a big setback. The Commerce Department...

 

Trump plans to meet Xi after US-China talks end with no deal

WASHINGTON (AP) — President Donald Trump on Thursday talked up China's commitment to buy more American soybeans. But the tough issues dividing the world's two biggest economies remained unsettled after two days of meetings between U.S. and Chinese...

 

From corn to Apple: The cases behind the US-China standoff

WASHINGTON (AP) — The Trump administration's case against Beijing is blunt: The Chinese have gone on a commercial crime spree, pilfering trade secrets from seed corn to electronic brains behind wind turbines. China has stripped the arm off a...

 

For US-China trade talks, hopes are high, expectations low

WASHINGTON (AP) — U.S. and Chinese negotiators start two days of high-level talks Wednesday aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy. Yet the odds...

 

At Davos, battle lines are drawn over trade and cooperation

DAVOS, Switzerland (AP) — World leaders in favor of international cooperation and free trade struck back Wednesday against the wave of populist nationalism that has featured more prominently than usual at the gathering of elites in Davos, Switzerla...

 

Trade war's wounded: Companies improvise to dodge cost hikes

WASHINGTON (AP) — In Rochester, New York, a maker of furnaces for semiconductor and solar companies is moving its research and development to China to dodge President Donald Trump's import taxes — a move that threatens a handful of its 26 U.S....

 

US-China trade talks wrap up, with outcome unclear

BEIJING (AP) — Uncertainty over the outcome of China-U.S. trade talks cast a pall Thursday over Asian markets as both sides kept mum about what lies ahead. Most Asian markets opened lower after the talks wrapped up the day before without clear...

 

Why slowing economies could prod US and China to reach deal

WASHINGTON (AP) — The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness. The import taxes the two sides have imposed on...

 

Canada caught between 2 powers, feeling alone in the world

TORONTO (AP) — First U.S. President Donald Trump attacked Canada on trade. Then Saudi Arabia punished it for speaking up for human rights. Now China has the country in its cross-hairs, detaining two Canadians in apparent retaliation for the arrest...

 

Detentions raise fears, cast doubt on China's policies

WASHINGTON (AP) — By detaining two Canadians in an apparent act of retaliation, China is looking like the country its harshest critics say it is: one unbound by the laws, rules and procedures that govern other major industrial nations. Canada's arr...

 

Trump comments upend US approach to Huawei, trade talks

WASHINGTON (AP) — The United States and China have taken pains this week to emphasize that their trade talks are entirely separate from the U.S. case against a top Chinese technology executive. But with a few words, President Donald Trump...

 

Why Huawei arrest deepens conflict between US and China

WASHINGTON (AP) — The dramatic arrest of a Chinese telecommunications executive has driven home why it will be so hard for the Trump administration to resolve its deepening conflict with China. In the short run, the arrest of Huawei's chief...

 

US, China reach 90-day ceasefire in their trade dispute

BUENOS AIRES, Argentina (AP) — The United States and China reached a 90-day ceasefire in a trade dispute that has rattled financial markets and threatened world economic growth. The breakthrough came after a dinner meeting Saturday between...

 

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