Sorted by date Results 76 - 100 of 155
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, and looted trade secrets about robotic cars from Apple. The alleged victims of that crime spree are individual American companies, whose cases lie behind the Trump administration's core complaint in the high-level U.S.-China trade talks going on in Washington: That Beijing systematically steals A...
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 agreement. The news followed two days of negotiations in Washington aimed at resolving a trade war that has rattled financial markets and threatened global economic growth. "We're making a lot of progress," Trump told reporters at the White House. "I think there's a very good chance that a deal can be m...
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 said Thursday that December retail sales fell 1.2 percent from November. They were up 2.3 percent from December 2017. Total retail sales for 2018 rose 5 percent from the previous year. Excluding gasoline station sales, which swing widely as pump prices rise and fall, retail sales dropped 0.9 percent i...
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 negotiators. Trump said he expects to meet with his Chinese counterpart, Xi Jinping, to try to reach a final resolution to the six-month trade standoff. "If we come to an agreement, there is a lot of work that has to be done," U.S. Trade Representative Robert Lighthizer told reporters, summarizing wha...
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 T-Mobile robot, the U.S. says, and looted trade secrets about robotic cars from Apple. The alleged victims of that crime spree are individual American companies, whose cases lie behind the Trump administration's core complaint in the high-level U.S.-China trade talks going on in Washington: That Beijing s...
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 seem stacked against any substantive resolution this week to the standoff between the world's two biggest economies. Perhaps the best that might be hoped for, analysts say, is for the two sides to agree to keep talking. The differences between Beijing and Washington are vast. The United States is e...
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, Switzerland. As a dizzying array of heads of state - from Poland to Colombia to Rwanda - addressed the political and business tycoons, the question of global cooperation emerged as a dividing line. The leaders of Japan and Germany — countries that have flourished on trade since their devastation under national...
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. jobs. In California's San Joaquin Valley, the CEO of a company that makes precision parts for the biomedical and chip making fields jokes bitterly that he's running "a nonprofit" and might have to cut jobs. And west of Detroit, a metal stamping company that supplies the auto industry is losing bus...
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 indications of whether progress was made on resolving a dispute over Chinese technology policies that has the world's two biggest economies embroiled in a bruising trade war. The three-day talks that started Monday were the first face-to-face meetings since Trump and his Chinese counterpart, Xi J...
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 hundreds of billions of each other's goods — and the threat of more to come — have heightened anxiety on each side of the Pacific. The longer their trade war lasts, the longer companies and consumers will feel the pain of higher-priced imports and exports. Their conflict is occurring against the backd...
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 of a top Chinese tech executive on behalf of the United States. Canada is caught between two super powers and taking the punishment — and its ally to the south has been conspicuously absent in coming to its aid. "We've never been this alone," historian Robert Bothwell said. "We don't have any ser...
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 arrest of a top Chinese technology executive at the request of the United States has set off a diplomatic furor with Beijing. And the way the countries have acted in the controversy draws a clear distinction between their political and legal systems — at a time when the United States, Canada and other ad...
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 obliterated the distinction, saying he'd wade into the case if it would help produce a trade agreement with China. China has already detained a former Canadian diplomat in what appears to be retaliation for Canada's arrest of Meng Wanzhou, the chief financial officer of telecommunications giant Huawei. On W...
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 financial officer heightened skepticism about the trade truce that Presidents Donald Trump and Xi Jinping reached last weekend in Buenos Aires, Argentina. On Thursday, U.S. stock markets tumbled on fears that the 90-day cease-fire won't last, before regaining most of their losses by the close of trading. B...
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 President Donald Trump and Chinese leader Xi Jinping at the Group of 20 summit in Buenos Aires. Trump agreed to hold off on plans to raise tariffs Jan. 1 on $200 billion in Chinese goods. The Chinese agreed to buy a "not yet agreed upon, but very substantial amount of agricultural, energy, industrial" and o...
WASHINGTON (AP) — President Donald Trump spent more than a year browbeating the leaders of Canada and Mexico into agreeing to a rewrite of North American trade rules. And on Friday, leaders of those two nations are set to sign the pact at the Group of 20 summit in Buenos Aires, Argentina. Now, Trump faces what could prove a more formidable foe: His own Congress. Emboldened by their takeover of the House starting next year, many Democrats say they want the new agreement to strengthen its protections for American workers from low-wage Mexican c...
WASHINGTON (AP) — President Donald Trump is hailing a revised North American trade deal as if nothing existed before it. The pact with Mexico and Canada stands as a "model agreement that changes the trade landscape forever," he said at a signing ceremony with the other leaders Friday in Buenos Aires, Argentina. But fundamental change happened under the deal's predecessor, the North American Free Trade Agreement. The new one brings largely incremental change, with a few significant advances for the auto industry, and it has a new name, the U...
WASHINGTON (AP) — Three days before a U.S.-China summit, the top U.S. trade official is blasting Beijing for imposing "egregious" taxes on American-made cars. In a statement Wednesday, U.S. Trade Rep. Robert Lighthizer complained that China slaps 40 percent tariffs on U.S. auto imports — more than the 15 percent tariffs it imposes on other countries and the 27.5 percent U.S. tax on Chinese auto imports. Lighthizer said the president had directed him to "examine all available tools to equalize the tariffs applied to automobiles." The sta...
WASHINGTON (AP) — President Donald Trump expressed confidence he can reach a deal to end a burgeoning trade war with China, saying he will meet his Chinese counterpart at the Group of 20 meetings in Argentina in about a month. "I think we'll make a deal with China, and I think it will be a very fair deal for everybody," Trump said Friday at the White House before leaving for political rallies in West Virginia and Indiana. Trump said he will have dinner with President Xi Jinping of China at the Nov. 30-Dec. 1 summit of industrial and emerging m...
STOCKHOLM (AP) — Just a day after a United Nations panel called for urgent action on climate change, the Nobel Prize in economics was awarded Monday to one American researcher for his work on the economics of a warming planet and to another whose study of innovation raises hopes that people can do something about it. The Royal Swedish Academy of Sciences awarded the $1 million prize Monday to William Nordhaus of Yale University and to Paul Romer of New York University. Nordhaus, 77, who has been called "the father of climate-change economics,"...
WASHINGTON (AP) — The Trump administration has muscled Canada into joining a revamped North American trade deal, sealed a pact with South Korea and coaxed a reluctant Japan into agreeing to one-on-one trade talks. All in the past two weeks. To President Donald Trump and his allies, the results vindicate his drive to upend traditional trade policy and deploy import taxes — real and threatened — as a cudgel to bully concessions out of America's trading partners. "Without tariffs," Trump bold declared Monday after his team announced that Canad...
WASHINGTON (AP) — The path to peace in a trade war between the United States and China is getting harder to find as the world's two biggest economies pile ever more taxes on each other's products. The United States is scheduled to slap tariffs on $200 billion in Chinese imports Monday, adding to the more than $50 billion worth that already face U.S. import taxes. China has vowed to counterpunch with tariffs on $60 billion in U.S. goods. President Donald Trump is ready to up the ante, threatening to tax just about everything China ships to t...
WASHINGTON (AP) — Ports are closing. Farmers are moving hogs to high ground. Dealers are parking cars in service bays for refuge. And up to 3 million energy customers in North and South Carolina could lose power for weeks. Across the Carolinas, Virginia and Georgia, businesses are bracing for the economic damage Hurricane Florence is expected to inflict on the area. Industries like tourism and agriculture will likely suffer, and the losses won't be easily or quickly overcome. Once it makes landfall, Florence is expected to lash coastal c...
WASHINGTON (AP) — Canada's minister of foreign affairs is scheduled to hold talks in Washington on Tuesday in hopes of reaching a trade agreement with the United States, an urgent response after President Donald Trump announced a deal with Mexico on Monday that left out Canada. The official, Chrystia Freeland, is facing a tight deadline to keep the three nations that formed the North American Free Trade Agreement 24 years ago together in a trade pact. The deal unveiled Monday by Trump — whose administration set a Friday deadline — raised sever...
WASHINGTON (AP) — The United States and China are resuming trade talks, raising hopes for a way out of an intensifying dispute between the world's two largest economies. White House economic adviser Larry Kudlow told reporters Thursday that the U.S. team will be led by David Malpass, U.S. Treasury under secretary for international affairs. Earlier, China said it would send a delegation led by a deputy commerce minister. This meeting would be the first between senior U.S. and Chinese officials since June 3 talks in Beijing ended with no s...
