President Donald Trump said Friday he'd spoken with his Chinese counterpart about the preliminarily trade deal struck by negotiators earlier this month.
trade and development
US Steel is closing a mill near Detroit, laying off workers and cutting its dividend. The troubled company is trying to reverse operating losses it now forecasts for the fourth quarter.
As 2019 comes to a close, the US economy earns its highest ratings in almost two decades, potentially boosting President Donald Trump in matchups against the Democrats vying to face him in next year's election, according to a new CNN poll conducted by SSRS.
Optimism over a "phase one" trade deal between the United States and China is pushing stocks to record highs in the final days of the year. But Wall Street banks still believe trade is one of the biggest risks for markets in 2020.
The House of Representatives on Thursday passed President Donald Trump's revised North American Free Trade Agreement, with members sending Trump's foremost legislative priority — just a day after the divided chamber took the historic vote to impeach him -- to the Senate.
President Donald Trump says the Chinese will buy $50 billion worth of farm products as part of a phase one deal struck last week, but that would mean China would have to double the amount it bought from US farmers before the trade war started.
The Trump administration took another step Wednesday toward allowing the importation of certain drugs from Canada and other countries.
These days, House Speaker Nancy Pelosi is a cultlike figure among Democrats for going head-to-head with President Donald Trump.
A sales warning from one of the world's biggest consumer goods companies is undermining hopes for a significantly stronger global economy in 2020.
A "phase one" trade deal between the United States and China, announced Friday, has cleared the path for riskier assets to rally through the end of the year.
Asian stocks moved a little bit higher Tuesday.
Top trade negotiators from both the United States and Mexico reaffirmed Monday that the US-Mexico-Canada Agreement, known as USMCA, is a done deal -- despite complaints from Mexico over the weekend about a labor provision included in the bill unveiled by Democrats.
Congressional passage of the United States-Mexico-Canada Agreement (USMCA) trade agreement would be welcome news to the travel and tourism industry.
After a year-and-half of fraught negotiations that has slowed global growth and hurt American farmers and consumers, the United States and China have reached an interim trade deal bypassing an economic calamity -- for now.
China on Sunday called off additional tariffs set to kick in on some US goods as the two countries pull back from a trade war that has roiled financial markets and damaged global economies.
Stocks ended Friday mostly flat after Chinese officials said that a phase one deal had been reached with the United States that would avert an escalation of the trade war and higher tariffs set to kick in on Sunday. President Trump confirmed the news in a series of tweets.
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Facebook's stock took a dive on Thursday following a report that federal regulators may seek to prevent the company from more tightly integrating its social media products.
The Federal Reserve is strongly suggesting that interest rates are unlikely to budge much before the 2020 election.
President Donald Trump has signed off on an initial trade agreement with China that would avoid imminent US tariffs and reduce the rates of existing duties in exchange for a Chinese promise to purchase American farm goods, US officials and others familiar with the agreement said.
US stocks raced to record highs Thursday on news that the United States and China reached a tentative trade deal. Earlier in the day, President Donald Trump said that an agreement was "very close."
President Donald Trump has threatened tariffs on about $160 billion of Chinese-made goods starting this weekend.
The plan unveiled just last week by OPEC and allied oil producers to prop up crude prices could fall flat.
Trade jitters have taken financial markets on a wild ride this year, putting some cracks in the global economy. But stocks still kept hitting record highs.