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China to request U.S. to remove tariffs in exchange for farm purchases
Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products. However, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports according to people who briefed on the talks.
U.S. Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin, and Chinese Vice Premier Liu He will speak by telephone on Friday in their latest attempt to calm a near 16-month trade war that had roiled financial markets and slowed economic growth.
The two sides are said to be working on a text for a “phase 1” trade agreement announced by U.S. President Donald Trump on Oct. 11 in order for him to sign it with China’s President Xi Jinping next month at a summit in Chile.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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