President Joe Biden on Wednesday will call on his trade representative to more than triple some tariffs on steel and aluminum products from China, as part of a series of moves meant to help cushion American manufacturers from a surge of low-cost imports.
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China has sharply ramped up its production of cheap electric vehicles, solar panels, and batteries just as the Biden administration has pushed through legislation supporting many of those same industries in the United States.
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The Trump administration is inflicting even more damage on Chinese businesses — including smartphone maker Xiaomi — with just days to go before President-elect Joe Biden takes office.
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A growing number of American economists are bullish about growth in the coming year.
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For the past two years, the US has been locked in international trade disputes – frequently called trade wars – with several countries. There’s now been a thaw in some of these disputes with the recent conclusion of new trade deals with Canada, Mexico, and China. The question for North Carolina is, will these deals help our state economy?
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France will delay its tax on the digital business of big tech firms like Google and Faceook in exchange for the United States’s promise to hold off retaliatory sanctions – a deal that could avert a broader trade dispute.
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The United States and China reached a trade deal Wednesday that eases tensions between the world’s two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect American trade secrets.
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The Chinese yuan strengthened Tuesday to its highest level in more than five months as the United States removed China from its currency manipulator list.
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President Donald Trump was supposed to sign a partial trade deal with Chinese President Xi Jinping next week, but negotiations over the final text have reached a rough patch, according to people familiar with the matter.
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