• Trump and China confirm agreement on ‘phase one’ trade deal

    President Donald Trump says he’s agreed to a “Phase One” deal with China that includes “many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more” — effectively calling a truce in a war that has roiled financial markets and the US and Chinese economies. On Twitter, Trump said some tariffs […]

  • US will delay tariff hike on Chinese-made cell phones, toys

    The top US trade negotiator on Tuesday said that new tariffs on Chinese-made consumer goods including cell phones, toys and video game consoles would be delayed until December 15. The move comes after a phone call between US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and top Chinese negotiator Liu He in which the parties agreed […]

  • Trump aide Kudlow acknowledges U.S. consumers pay for tariffs, not China

    White House economic adviser Larry Kudlow contradicted President Donald Trump on Sunday by acknowledging that U.S. consumers end up paying for the administration’s tariffs on Chinese goods. During an interview with “Fox News Sunday,” Kudlow, who is the director of the National Economic Council, was pressed by anchor Chris Wallace about Trump’s repeated, inaccurate claim that […]

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