tariffs

U.S. legislation supporting Hong Kong protesters didn’t stop China’s trade chief from making a phone call recently to invite U.S. negotiators to a new round of trade talks.  The Wall Street Journal says U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin were invited to Beijing for more face-to-face trade negotiations.  While it wasn’...

Promised for mid-November, reports this week suggest an agreement and signing of the so-called phase one trade deal with China faces delays until mid-December. However, China maintains that the talks are on track.   A Chinese government spokesperson told reporters this week “China is willing to work with the United States to resolve each other’s core concerns," adding the "external rumor

The U.S. and China are still trying to put the final touches on a limited trade agreement that will involve Chinese purchases of U.S. ag commodities. The question appears to be just how much those purchases will amount to. A CNBC report says the two sides appear to be stuck in a stalemate, even though they announced a tentative agreement a month ago...

President Trump defended his tariff policies during a speech on Tuesday at the Economic Club of New York.  Politico said he denied that his erratic trade policies are causing uncertainty for U.S. businesses.  Trump doubled down, saying the U.S. would “...

Iowa Senator Chuck Grassley is working on reforming Section 232 tariff authority. The chairman of the Senate Finance Committee, says Congress gave away their authority on trade to the White House back during the Kennedy Administration.  Grassley is now looking for legislators to take back some of the power they gave away.  ...

China wants the United States to commit to lifting tariffs to reach a phase one trade agreement. The South China Morning Post reports Beijing needs America to be more responsive to its concerns, if it wants Chinese President Xi Jinping to visit the U...

The head of a government-sponsored trade association in China says Beijing could remove extra tariffs on U.S. farm goods to smooth the way for importers to potentially buy up to $50 billion in products. A Reuters article says Beijing would make that move instead of directing importers to purchase specific amounts of goods...

President Trump has said China will commit to buying up to $50 billion in U.S. agricultural products as part of a Phase One trade agreement between the countries, However, Reuters says that amount is becoming a sticking point in the negotiations...

Despite a lot of back and forth, and some tense moments, it appears the U.S. and China are on track to sign the phase one trade agreement next month.  Earlier this week, President Trump stated the negotiations are running “ahead of schedule.”   ...

The USDA said that private exporters reported the sale of 264,000 tons of U.S. soybeans to China for delivery in the 2019/2020 marketing year. The deal comes as hopes continue for a partial trade deal between the world’s two largest economies. Reut...