Trump Says U.S. Trade Deal With China Is Done
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Shipping companies rerouted their ships from China when tariffs were over 100%, and now it will take a while to get them back down.
The U.S.-China talks on trade resemble arms-control negotiations, with export controls the key weapons. As part of a monthslong feud, the two sides choked off the supply of such exports as rare earths or semiconductor technology in a bid to gain an edge.
U.S. trade negotiations have transitioned from their opening act, with its many twists and turns, into a new, protracted chapter: the Slow Grind. It may be less turbulent than this past spring's drama,
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The World Bank says tariffs will hurt global growth, estimating that the trade war will shave almost half a percentage point from world GDP growth this year.
The U.S.-China talks on trade resemble arms-control negotiations, with export controls being the key weapons in each side’s arsenal.
FRANKFURT (Reuters) -Coercive trade policies fail to resolve financial imbalances and the risk of mutual economic damage is so great that all sides need to weigh policy adjustments to resolve tensions, European Central Bank President Christine Lagarde said on Wednesday.
A casket maker in Magog, Que., is the only one in Canada to make coffins out of steel. The 50 per cent tariff is hurting business.
Rising geopolitical tensions and shifts in trade policy have increased risks to Ireland’s financial system, the country’s regulator warned.