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US, China "Miles And Miles" Away From Resolving Trade War: Official

Friday, January 25, 2019, 7:20 AM

Washington and Beijing are "miles and miles" from resolving their trade war, US Commerce Secretary Wilbur Ross said. A high-level Chinese delegation is due in Washington next-week as both sides work to reach a resolution ahead before March-1, when US duty rates on Chinese imports are due to rise sharply. Trump and Xi Jinping had agreed to a 90-day ceasefire amid rising trade tensions.
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US officials debate lifting tariffs on China to get a trade deal: WSJ

Friday, January 18, 2019, 7:33 AM

US officials are reportedly debating lifting tariffs on Chinese imports to give Beijing a reason to make deeper concessions in ongoing trade talks between two countries. Treasury Secretary Steven Mnuchin proposed lifting all or some of the tariffs, The Wall Street Journal reported, citing people close to the matter. The goal is to push forward trade talks and get China's support for longer-term reform.
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Tariffs have hit confidence, to slow US economy, says Fed's Williams

Friday, December 7, 2018, 9:14 AM

Higher trade tariffs have had a "relatively small" effect on the economy so far but they have hurt confidence and some business investments, which hurts U.S. employment and economic growth, Federal Reserve Bank of New York President John Williams said on Thursday. "That's a negative for jobs in the short run...and a factor that slows the economy relative to what it could be."

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