Trump cuts tariffs on China
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BEIJING: China's factory activity shrank for a seventh month in October, an official survey showed on Friday (Oct 31), keeping alive calls for further stimulus to boost domestic demand, with efforts to ship goods abroad merely exporting price wars.
The president said he chose to lower his combined tariff rates on imports of Chinese goods under 50% after talks with Chinese leader Xi Jinping on curtailing fentanyl trafficking.
U.S. President Donald Trump announced new trade measures with China, including scaled-back tariffs, following a meeting with Chinese President Xi Jinping on Thursday.
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LARRY KUDLOW: Trust, but verify when it comes to China
But surely U.S. Trade Rep. Jameson Greer will continue his 301-investigation concerning China’s broken promises over the U.S-China Phase One Trade Deal signed during Mr. Trump’s first term. President Trump calls this meeting a 12 out of 10, which is a pretty high. Hope he’s right. But remember Reagan: Trust but verify.
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Kudlow: Trump's Deals With Australia, Japan, Malaysia, Cambodia, Thailand, and Vietnam Are Cornering China
On FOX News 'Special Report' FOX Business host, Larry Kudlow, discussed the lead up to President Trump meeting with China's Xi Jinping. Kudlow highlighted the trade deals from other Asian nations and the disappointment over China's fentanyl exports and them not halting the trade: LARRY KUDLOW: It's a very important meeting.
President Donald Trump threatens 100% tariffs on Chinese imports after China threatens U.S. rare earth mineral access as meeting with Xi Jinping is off.
Goldman Sachs CEO David Solomon calls past 50 years of China trade policy 'a mistake' as Trump and Xi Jinping hold crucial talks amid escalating tariff tensions.
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Trump's latest China deal is anything but a win
What’s more, whatever Trump’s new deal with China entails, it won’t reverse his administration’s dismantling of American investments in clean energy, supply chain resilience and industrial competitiveness. Instead, China will be left to continue its dominance over the production of the technologies that will define the world’s future.
China is supposed to start by purchasing 12 million metric tons of soybeans from the U.S. between now and January.
Use BBC.com or the new BBC App to listen to BBC podcasts, Radio 4 and the World Service outside the UK. This week John Simpson, in discussion with the BBC’s unparalleled range of experts across the world,