A Chinese Ministry of Commerce spokesmen announced today that the U.S. and China have agreed to roll back tariffs in phases.
The third and final installment of columnist William Tucker's series on the growing trade war between the United States and China.
If the tariff battle between the United States and China escalates, some airports and seaports will be hit harder than others.
The U.S.-China trade war is ramping up, with threatened tariffs and counter-tariffs. Major U.S. targets have included Chinese tech companies ZTE and Huawei, putting a spotlight on China's plan to become a technology powerhouse.
On Friday, the Trump administration ramped up tariffs on Chinese products, the latest in a series of U.S. potshots against China's trade practices. But there's a deeper trade rift that may have more far-reaching consequences if neither China nor the Trump administration changes course.
NAFTA's mix of interests is an element of the strategic alliance between cultures within the U.S., not just among the U.S., Mexico and Canada.
In keeping with his campaign promise, Donald Trump released a video in which he stated that during his first 100 days in office, he would pull the U.S. out of the controversial Trans-Pacific Partnership (TPP) trade deal.
Leaders of the United States, China and other Group of 20 major economies who meet this weekend say more trade would shore up sluggish global growth but are tightening their own controls on imports.