Articles written by paul wiseman
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US-China issues of dispute remain vast despite trade truce
WASHINGTON (AP) — The Trump administration and China declared a temporary truce Friday in their 15-month trade war. Yet the grievances that led them to impose tariffs on hundreds of billions of dollars of each other's goods remain largely u...
AP FACT CHECK: Trump's fact-challenged week over impeachment
WASHINGTON (AP) — Facing an impeachment inquiry, President Donald Trump is turning to a familiar playbook to defend himself: attacking his investigators , blasting the inquiry as illegal and deriding the process as all-but-rigged. Many facts are g...
Friendly fire: In trade fights, Trump targets US allies, too
WASHINGTON (AP) — President Donald Trump has risked turmoil in the financial markets and damage to the U.S. economy in waging his trade war with China, America's top strategic rival. But Trump hasn't exactly gone easy on America's friends, either. F...
'They're on,' Trump says of tariffs set to kick in on Sunday
WASHINGTON (AP) — Expect a direct hit on many U.S. consumers from President Donald Trump's latest round of tariffs on Chinese imports. He had no intention of pulling back on import taxes set to kick in Sunday. "They're on. They're on," the p...
As global economic picture dims, solutions seem out of reach
WASHINGTON (AP) — As global leaders gather on two continents to take account of a darkening economic outlook, this is the picture they face: Factories are slumping, many businesses are paralyzed, global growth is sputtering and the world's two m...
Trump raises tariffs on Chinese goods as trade war escalates
WASHINGTON (AP) — President Donald Trump angrily escalated his trade fight with China on Friday, raising retaliatory tariffs and ordering American companies to consider alternatives to doing business there. He also blamed Jerome Powell, the man he ap...
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 Bei...
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 r...
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 D...
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 s...
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 d...
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 m...
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 c...
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 t...
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 s...
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, y...
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 tari...
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 a...
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 r...
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" t...
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 a...
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 a...
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 w...
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 F...
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 e...
