Markets

The US and China are reportedly close to finalising parts of a trade deal

The US and China are close to finalising sections of a phase-one trade deal, a US trade representative said Friday, according to CNBC. US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke with China’s Vice Premier Liu He on Friday, according to the USTR. US stock indexes soared […]
The US and China are reportedly close to finalising parts of a trade deal
Markets

‘If this tariff takes effect, we are out of business’: Small companies warn of widespread layoffs and shutdowns if Trump doesn’t back down from a trade war with China

The Trump administration is expected to enact tariffs on an additional $US200 billion worth of Chinese imports to the US. Some companies say they will have to immediately lay off employees to absorb the cost. Others warn they may have to shut down completely. Win Cramer, the chief executive of […]
‘If this tariff takes effect, we are out of business’: Small companies warn of widespread layoffs and shutdowns if Trump doesn’t back down from a trade war with China
Markets

The full statement from the USTR on the new tariffs on Chinese imports

The trade war between the US and China has escalated again with America announcing additional tariffs on Chinese imports just moments ago. “As a result of China’s retaliation [the introduction of tariffs on $US34 billion worth of US imports] and failure to change its practices, the President has ordered the […]
The full statement from the USTR on the new tariffs on Chinese imports