Art of Trade Deal With China--How Admin Got It Done
Digest more
Commerce Secretary Howard Lutnick said the European Union was tough to deal with, and securing a trade pact with the bloc would likely take longer than most other such deals. The EU "got a little reli
U.S. stocks closed lower as investors assessed little progress on trade talks, after jumping in the morning on a cooler-than-expected inflation reading. The Dow Jones Industrial Average fell 1 point to close at 42,865.77, while the S&P 500 Index lost 16.51 points to settle at 6,022.30. The Nasdaq Composite was down 99.11 points, 0.5%, to 19,615.88
The International Monetary Fund said on Thursday that its next global growth forecast in July will take into account both positive and negative trade developments but declined to predict a tariff-driven GDP downgrade similar to that released by the World Bank this week.
Japanese Prime Minister Shigeru Ishiba said he won’t rush into a trade deal with the US that would hurt the nation’s interests, although he’d welcome any progress made before an expected summit with US President Donald Trump.
President Donald Trump said Wednesday that a limited trade deal with China was “done,” pending his approval and that of Chinese President Xi Jinping.
India's benchmark indexes opened little changed on Thursday as investors assessed the U.S.-China trade deal and escalating tensions in the Middle East. The Nifty 50 was up 0.07% at 25,160.3 and the BSE Sensex rose 0.
US and Canadian officials are exchanging a document outlining potential trade deal terms, CBC News reported on Wednesday, citing anonymous sources, who said the paper is seen as a step toward a new trade pact.