Latest Trade agreements News

China's trade with US shrinks again in September

Oct. 14, 2019 12:14 AM EDT

BEIJING (AP) — China's trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession. Exports to the United States, China's biggest foreign market, fell 17.8% to $36.5 billion, a deterioration from August's 16% decline,...

Impeachment dominates, but much other work awaits Congress

Oct. 13, 2019 10:48 AM EDT

WASHINGTON (AP) — Impeachment may have leapfrogged to the top of the national agenda, but members of Congress still have their day jobs as legislators, and they're returning to Washington this coming week with mixed hopes of success. It's a volatile, difficult-to-predict time in Washington as lawmakers end...

China, Nepal sign deals for connectivity, security and trade

Oct. 13, 2019 8:07 AM EDT

KATHMANDU, Nepal (AP) — Nepal and China signed 20 agreements on Sunday, including one on a trans-Himalayan railway, as Chinese President Xi Jinping wrapped up a two-day visit to the Himalayan nation. After talks in Kathmandu, Xi and Nepalese Prime Minister K.P. Sharma Oli witnessed the signing of 18...

US-China issues of dispute remain vast despite trade truce

Oct. 11, 2019 8:27 PM EDT

WASHINGTON (AP) — The Trump administration and China declared a temporary truce Friday in their 15-month trade war. Yet the grievances that led them to impose tariffs on hundreds of billions of dollars of each other's goods remain largely unresolved. The administration agreed to suspend a tariff hike on...

Stocks rise on trade progress, S&P 500 notches weekly gain

Oct. 11, 2019 5:20 PM EDT

The S&P 500 finished with its first weekly gain in four weeks Friday as investors welcomed a thaw in the punishing trade war between the U.S. and China. After two days of negotiations in Washington, the U.S. agreed to suspend a planned hike in tariffs on $250 billion of Chinese goods that had been set to kick...

How major US stock indexes fared Friday

Oct. 11, 2019 5:04 PM EDT

Stocks closed sharply higher Friday as the U.S. and China reached a partial deal on trade and said they would continue negotiating. President Donald Trump agreed to suspend an increase in tariffs on $250 billion in Chinese goods due to kick in Oct. 15. In exchange, China agreed to boost purchases of U.S. farm...

Markets Right Now: US stocks jump on trade progress

Oct. 11, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing sharply higher Friday as the U.S. and China reached a partial deal on trade and said they would continue negotiating. President Donald Trump agreed to suspend an increase in tariffs on $250 billion...

Asian shares mostly higher amid renewed trade deal hopes

Oct. 10, 2019 12:09 AM EDT

TOKYO (AP) — Asian shares were mixed Thursday following broad gains on Wall Street as investors pondered mixed reports on the likelihood of progress in resolving the trade war between the U.S. and China. Japan's benchmark Nikkei 225 added 0.3% to 21,509.54 in early trading. Australia's S&P/ASX 200 lost...

Markets Right Now: Stocks notch their first gain of the week

Oct. 9, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly higher on Wall Street, giving the market its first gain this week. Technology companies and banks led the way higher Wednesday. Microsoft rose 1.9% and Citigroup climbed 1.6%. The gains came...

Hopes are dim as US and China resume high-stakes trade talks

Oct. 9, 2019 10:54 AM EDT

WASHINGTON (AP) — President Donald Trump and China's Xi Jinping have plenty of reasons to call off their trade war. Both face weakening economies that would likely further deteriorate if their conflict escalates. Both are up against a formidable adversary that shows no inclination to yield. Both are...