Trump administration officials have not made any new plans to send a team to China for face-to-face trade talks, but negotiators have made progress, White House trade adviser Clete Willems said at an event on Friday… “We’re talking to them (Chinese officials) every day, but no one’s got any trip plans,” Willems told reporters on the sidelines of a Georgetown Law School trade event in Washington. When asked about the prospect for future face-to-face meetings, Willems said “Maybe. But there are no plans right now.”
Trade War China
U.S. and Chinese officials are set to begin trade negotiations on Monday in the hope of reaching a deal during a 90-day truce between President Donald Trump and his counterpart Xi Jinping
U.S. and Chinese officials are set to begin trade negotiations on Monday. Here are seven issues that will be key to making headway
Activity in China’s manufacturing sector contracted for the first time in more than two years in the month of December
The Chinese National Bureau of Statistics said on Monday official manufacturing Purchasing Managers’ Index (PMI) was 49.4 — lower than the 49.9 analysts expected in a Reuters poll. The December reading was the weakest since February 2016.
Total U.S. agricultural export shipments to China for the first 10 months of 2018 fell by 42 percent from a year earlier to about $8.3 billion, according to the U.S. Department of Agriculture.
President Donald Trump’s administration said Saturday it will temporarily hold off on a new round of tariffs aimed at China
The announcement came after Trump and Chinese President Xi Jinping met for more than two hours over a steak dinner at the G-20 summit in Argentina
China is the largest foreign holder of US Treasuries but its purchases have flatlined in recent years, raising concerns that the declining demand could weigh on US government bond prices and push interest rates higher.
StockMarketNews.Today – The U.S. this year has already imposed tariffs on $250 billion in trade with China. Ten percent tariffs on $200 billion in imports that took effect in September are due to increase to 25 percent on Jan. 1. Trump has also threatened to impose tariffs on the remaining goods imports from China, which last year were worth $550 billion.
Many American companies view China as their major growth market, but tariffs have dried up cross-investment.
StockMarketNews.Today – The U.S. president believes that American business will take up slack with local production, but capital investment is showing no signs of ramping up in anticipation of greater local demand. This makes sense because capital spending plans take years to execute and even longer to pay off in profits.
The easy money may be over. U.S. Company earnings growth is slowing after a bumper start to the year
StockMarketNews.Today – While earnings growth is still high at 22 percent so far this quarter, the amount by which S&P 500 index companies are beating analyst estimates is nearly half of what it was during the first quarter, according to Refinitiv data.
The Chinese economy slowed to a growth rate of 6.5% in the third quarter, a bit lower than expected and the weakest pace of growth since the global meltdown year of 2009.
StockMarketNews.Today – GDP growth hit a robust annual rate of 4.2% in the second quarter, temporarily legitimizing Trump’s promise to push GDP growth to 3% or higher.
StockMarketNews.Today – The Labor Department said on Friday import prices rose 0.5 percent last month. That was the largest increase since May and followed a revised 0.4 percent decrease in August. Import prices were previously reported to have fallen 0.6 percent in August. Economists polled by Reuters had forecast import prices rising 0.2 percent in September.
China’s vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States.
StockMaretNews.Today – September exports rose 14.5 percent from a year earlier, the fastest pace since February, the customs data showed. That was well above August’s 9.8 percent and a Reuters poll forecast of 8.9 percent.