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Articles written by Paul Wiseman

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IMF contradicts Trump: China hasn't manipulated its currency

WASHINGTON (AP) — The International Monetary Fund sees little evidence that China's central bank has deliberately reduced the value of the nation's currency — a position at odds with the Trump administration's decision this week to accuse...

 

AP FACT CHECK: Trump twists facts on gun control and tariffs

WASHINGTON (AP) — Battling dual crises of gun violence and trade, President Donald Trump is twisting the facts in regards to gun control and exaggerating his case for tariffs against China. Speaking Wednesday, Trump defended his past incendiary...

 

Why a US-China deal that once looked close now seems far off

WASHINGTON (AP) — A deal seemed so close. As recently as May, the Trump administration and China seemed on the verge of resolving their dispute over Beijing's combative trade policies. Then it all collapsed. A cease-fire, declared by Presidents...

 

Trump says he'll put 10% tariffs on remaining China imports

WASHINGTON (AP) — President Donald Trump intensified pressure Thursday on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn't already taxed. The move immediately sent...

 

US presses WTO to stop lenient trade treatment of China

WASHINGTON (AP) — President Donald Trump pressed the World Trade Organization on Friday to stop letting China and other economies receive lenient treatment under global trade rules by calling themselves "developing" countries. In a memo, Trump...

 

Cease-fire in US-China trade war doesn't bridge differences

WASHINGTON (AP) — Once again, Presidents Donald Trump and Xi Jinping have hit the reset button in trade talks between the world's two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial...

 

US blacklists 5 Chinese groups working in supercomputing

WASHINGTON (AP) — The United States is blacklisting five Chinese organizations involved in supercomputing, calling them national security threats and cutting them off from critical U.S. technology. The move Friday by the U.S. Commerce Department...

 

AP FACT CHECK: Trump overstates benefits from Mexico tariffs

DETROIT (AP) — President Donald Trump is overstating the benefits of his threatened tariffs on automobiles and parts imported from Mexico while glossing over the likely harm to American consumers of substantially higher prices for new cars. In...

 

China dangles a potentially harmful new threat in trade war

WASHINGTON (AP) — Facing new trade sanctions and a U.S. clampdown on its top telecommunications company, China issued a pointed reminder Wednesday that it has yet to unleash all its weapons in its trade war with the Trump administration. Chinese...

 

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...

 

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