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Hopes Rise that Lifting Tariffs Could Allow US-China Accord

By JOE McDONALD and CHRISTOPHER RUGABER AP Business WritersBEIJING (AP) — The prospects for a preliminary breakthrough in the U.S.-China trade war improved Thursday after the two sides agreed to reduce some punitive tariffs on each other’s goods, though the full extent of the rollback wasn’t clear. A Chinese spokesman announced the development Thursday as […]

By JOE McDONALD and CHRISTOPHER RUGABER AP Business WritersBEIJING (AP) — The prospects for a preliminary breakthrough in the U.S.-China trade war improved Thursday after the two sides agreed to reduce some punitive tariffs on each other's goods, though the full extent of the rollback wasn't clear. A Chinese spokesman...

China Says Beijing, US to Lift Tariff Hikes as Talks Advance

By JOE McDONALD AP Business WriterBEIJING (AP) — Beijing and Washington have agreed to reduce some punitive tariffs on each other’s goods as talks on ending their trade war progress, a Chinese spokesman said Thursday, removing a possible stumbling block to a settlement. The agreement came during talks aimed at working out details of a […]

By JOE McDONALD AP Business WriterBEIJING (AP) — Beijing and Washington have agreed to reduce some punitive tariffs on each other's goods as talks on ending their trade war progress, a Chinese spokesman said Thursday, removing a possible stumbling block to a settlement. The agreement came during talks aimed at...

US Trade Deficit Falls to $52.5B in September

By MARTIN CRUTSINGER AP Economics WriterWASHINGTON (AP) — The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum. The Commerce Department said Tuesday that the September gap between what America buys from abroad and what it […]

By MARTIN CRUTSINGER AP Economics WriterWASHINGTON (AP) — The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum. The Commerce Department said Tuesday that the September gap between what America buys...

At Trade Show, Xi Pledges Steps to Open Chinese Markets

By DAKE KANG and JOE McDONALD Associated PressSHANGHAI (AP) — President Xi Jinping promised more gradual market-opening steps at the start of an import fair Tuesday but no initiatives on technology policy and other irritants that sparked a tariff war with Washington. The second China International Import Expo showcases the country’s vast import market of […]

By DAKE KANG and JOE McDONALD Associated PressSHANGHAI (AP) — President Xi Jinping promised more gradual market-opening steps at the start of an import fair Tuesday but no initiatives on technology policy and other irritants that sparked a tariff war with Washington. The second China International Import Expo showcases the...

US Sells Business Engagement With Asia as Trade War Drags on

By ELAINE KURTENBACH AP Business WriterNONTHABURI, Thailand (AP) — U.S. Commerce Secretary Wilbur Ross and a raft of other American officials are showcasing the commitment of U.S. businesses to Asia with a gathering on the sidelines of a regional summit that President Donald Trump opted to skip. Ross told a gathering of about 1,000 people […]

By ELAINE KURTENBACH AP Business WriterNONTHABURI, Thailand (AP) — U.S. Commerce Secretary Wilbur Ross and a raft of other American officials are showcasing the commitment of U.S. businesses to Asia with a gathering on the sidelines of a regional summit that President Donald Trump opted to skip. Ross told a...

U.S. Travel Industry to Chinese Tourists: What Trade War?

By BANI SAPRA AP Business Writer WASHINGTON (AP) — Washington, D.C., has dangled hotel discounts tied to the Chinese Lunar New Year. Arizona has promoted its outdoor attractions to draw visitors during another popular Chinese holiday. San Francisco has expanded its social media presence on Chinese apps to market year-round travel to millennial tourists. Across […]

By BANI SAPRA AP Business Writer WASHINGTON (AP) — Washington, D.C., has dangled hotel discounts tied to the Chinese Lunar New Year. Arizona has promoted its outdoor attractions to draw visitors during another popular Chinese holiday. San Francisco has expanded its social media presence on Chinese apps to market year-round...

Trade War Causes Drop in Foreign Sales for NE Ohio Companies

YOUNGSTOWN, Ohio – A third of companies in northeastern Ohio have seen their foreign sales drop as a result of the trade war between the United States and China, according to a survey by Youngstown State University. The university’s Export Assistance Network surveyed 52 companies in 10 counties and found that 33% of companies saw […]

YOUNGSTOWN, Ohio – A third of companies in northeastern Ohio have seen their foreign sales drop as a result of the trade war between the United States and China, according to a survey by Youngstown State University. The university’s Export Assistance Network surveyed 52 companies in 10 counties and found...

China’s Economic Slowdown Deepens, Weighing on Global Growth

By JOE McDONALD AP Business Writer BEIJING (AP) — China’s economic growth sank to a new multi-decade low in the latest quarter as a trade war with Washington deepened a slump that is weighing on the global economy. Growth in the world’s second-largest economy slipped to 6% in the three months ending in September, down […]

By JOE McDONALD AP Business Writer BEIJING (AP) — China's economic growth sank to a new multi-decade low in the latest quarter as a trade war with Washington deepened a slump that is weighing on the global economy. Growth in the world's second-largest economy slipped to 6% in the three...

IMF Downgrades Outlook for World Economy, Cites Trade Wars

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of widening global conflicts. The IMF’s latest World Economic Outlook released Tuesday foresees a slight rebound in […]

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of widening global conflicts. The IMF's latest World Economic Outlook released Tuesday...

China Tempers Hopes about US Tariff Truce

By JOE McDONALD AP Business Write BEIJING (AP) — A truce in a U.S.-Chinese tariff war and Beijing’s promises to open more of its state-dominated economy are raising hopes among investors. But Beijing has tempered expectations, while companies express frustration over the halting pace of market-opening moves. The China Daily, an English-language newspaper aimed at […]

By JOE McDONALD AP Business Write BEIJING (AP) — A truce in a U.S.-Chinese tariff war and Beijing's promises to open more of its state-dominated economy are raising hopes among investors. But Beijing has tempered expectations, while companies express frustration over the halting pace of market-opening moves. The China Daily,...