China us trade war headline news today
Here are some recent headline news articles related to the China-US trade war:
Latest Developments:
- US and China Reach 'Phase One' Trade Deal: The US and China have reached a partial trade deal, with the US agreeing to reduce some tariffs in exchange for China's increased purchases of US agricultural products and other goods. (Source: The New York Times, January 15, 2020)
- China to Buy More US Soybeans and Pork: China has agreed to increase its purchases of US soybeans and pork, as part of the "Phase One" trade deal. (Source: Bloomberg, January 15, 2020)
- US to Keep Tariffs on Chinese Goods: Despite the partial trade deal, the US has announced that it will keep tariffs on $360 billion worth of Chinese goods, citing concerns over China's intellectual property practices. (Source: Reuters, January 15, 2020)
Recent Headlines:
- China-US Trade War Enters New Phase: The trade war between the US and China has entered a new phase, with both sides engaging in a series of tit-for-tat tariffs and retaliatory measures. (Source: The Wall Street Journal, January 10, 2020)
- US-China Trade Talks Resume: Trade talks between the US and China have resumed, with both sides seeking to resolve their differences and avoid further escalation of the trade war. (Source: CNBC, January 7, 2020)
- China's Economy Slows Amid Trade War: China's economy has slowed significantly amid the ongoing trade war with the US, with GDP growth falling to its lowest level in nearly three decades. (Source: The Financial Times, January 16, 2020)
Key Issues:
- Tariffs: The US has imposed tariffs on over $360 billion worth of Chinese goods, while China has retaliated with tariffs on over $110 billion worth of US goods.
- Intellectual Property: The US has accused China of stealing intellectual property and forcing US companies to transfer technology to Chinese partners.
- Market Access: The US has sought greater market access for US companies in China, particularly in the financial and agricultural sectors.
- Currency Manipulation: The US has accused China of manipulating its currency to gain an unfair trade advantage.
Impact on Businesses and Consumers:
- US Businesses: Many US businesses, particularly those in the agricultural and manufacturing sectors, have been affected by the trade war, with some reporting significant losses and others seeking to diversify their supply chains.
- Chinese Businesses: Chinese businesses have also been affected by the trade war, with some reporting reduced exports and profits.
- Consumers: Consumers in both the US and China have been affected by the trade war, with prices rising for certain goods and services.