Business > U.S.

China denies offering $200 bln package to slash trade gap

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China dropped its anti-dumping probe into imports of U.S. sorghum on Friday, beating a hasty retreat from a dispute that wreaked chaos across the global grain market. But as Ciara Lee reports, it has denied reports that it had offered a package to slash the U.S. trade deficit by up to $200 billion.
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The Finance 202: U.S. businesses worry Trump may strike bad deal with China

4 days ago   |   By

The president seems fixated on the trade deficit.
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Toyota to use GAC branding as it rolls into China's EV market

4 days ago   |   By

Toyota Motor Corp is taking an unprecedented route to meet China's stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company's distinctive triple-oval logo. Adam Jourdan explains.
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China Said to Offer President Trump a $200 Billion Cut in U.S. Trade Deficit

4 days ago   |   By

China has offered President Donald Trump a $200 billion reduction in its annual trade surplus with the U.S. by increasing imports of American products and other steps, said a Trump administration official.
China made the offer during talks in Washington this week as Chinese Vice Premier Liu He visited to try to resolve a trade dispute, the official said, speaking on condition of anonymity. Liu met with Trump Thursday afternoon at the White House. The official didn't describe the U.S. response.
U.S. officials conveyed the president's goal for a fair trading relationship with China and the...
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China Tactics, CBS Control, PayPal and iZettle: CEO Daily for May 18, 2018

4 days ago   |   By

Good morning.
As I reported earlier this week , fears of a trade war with China are one of the greatest economic threats that Fortune 500 CEOs see on the horizon these days. But here's an interesting tidbit from our survey: a majority of those CEOs actually support Trump's tough tactics with the Chinese.
Words matter in a case like this, so let me tell you the precise question we asked:
Which of the following better represents your view of the administration's trade initiative toward China, even if neither is perfectly right:
1. I favor the Trump administration's trade action with China...
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Small Business Owner Fears U.S.-China Trade War Will Destroy Her Company

Small Business Owner Fears U.S.-China Trade War Will Destroy Her Company

4 days ago   |   By

Mary Buchzeiger's auto parts company may be fighting for its life if it doesn't get relief from Trump's proposed tariffs. "They're attacks on U.S. companies that are using Chinese goods," she says.
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Futures point to higher open amid US-China trade talks

4 days ago   |   By

U.S. stock index futures pointed to higher open on Friday morning, as investors continued to monitor developments in U.S.-China trade negotiations.
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California Winemakers Nervous About U.S.-China Trade Talks

California Winemakers Nervous About U.S.-China Trade Talks

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China is one of the top exports for U.S. wine, but last month in retaliation to U.S. tariffs on steel and aluminum, China imposed a tariff on U.S. wine, and other food and agricultural exports.
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China denies it has offered a $200 billion package to slash U.S. trade gap

4 days ago   |   By

BEIJING - China denied on Friday that it had offered a package to slash the U.S. trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into U.S. sorghum imports in a conciliatory gesture as top negotiators meet in Washington.
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A Trump Official Said China Offered a $200 Billion Cut to its U.S. Trade Surplus. China's Not So Sure

4 days ago   |   By

China cast doubt on reports that it had offered to reduce its annual trade surplus with the U.S. by $200 billion through increased imports of American products.
The offer was made during talks in Washington this week as Vice Premier Liu He visited to try to resolve a trade dispute, according to a Trump administration official who spoke on condition of anonymity. On Friday, two posts on Chinese state social media disputed the report, and a foreign ministry official said no such offer had been made, to his knowledge.
In a sign that the Chinese government is seeking a conciliatory stance, on...
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