Business, Technology, Logistics

Amazon Is Said to Prepare Closing of Chinese E-Commerce Store

Amazon Chris Ratcliffe/Bloomberg News is preparing to close a Chinese online store that caters to mainland consumers, according to sources familiar with the matter.

Bloomberg News
April 17, 2019
Government, Business, Logistics

As Trade War Simmers, US Soybean Shipments Hit One-Year Low

Soybeans Charlie Neibergall/Associated Press

Shipments of American soybeans are at the lowest level since before the U.S.-China trade war in what could be a worrying sign for growers hoping for the Asian giant to accelerate purchases ahead of a trade deal.

Michael Hirtzer and Dominic Carey | Bloomberg News
April 15, 2019
Government, Business, Logistics

Treasury Secretary Steven Mnuchin Says US Open to Facing Penalties in China Trade Deal

Boat Chris Ratcliffe/Bloomberg News

The United States is open to facing “repercussions” if it doesn’t live up to its commitments in a potential trade deal with China, Treasury Secretary Steven Mnuchin said, in a sign that the two sides are edging closer to an accord.

Andrew Mayeda | Bloomberg News
April 15, 2019
Government, Business

US Hails Progress in China Talks Amid Push to Close the Deal

Liu He, China's vice premier and director of the central leading group of the Chinese Communist Party. Liu He, China's vice premier and director of the central leading group of the Chinese Communist Party. (Al Drago/Bloomberg News)

President Donald Trump’s top economic adviser touted progress in high-level talks with China, but cautioned that a final deal to end the trade war remains elusive as negotiations resumed in Washington.

April 3, 2019
Government, Business, Logistics

China Extends Suspension of Tariffs on US Autos

China Bloomberg News

The Chinese government said it will extend a suspension of retaliatory tariffs on U.S. autos and include the opioid fentanyl in a list of controlled substances, two steps that could generate a positive atmosphere for trade negotiations due to resume this week.

Bloomberg News
April 1, 2019
Government, Business, Logistics

China Touts Progress With US as Both Focus on a Final Deal

China U.S. Trade Representative Robert Lighthizer (left) Chinese Vice Premier Liu He and U.S. Treasury Secretary Steven Mnuchin. (Nicolas Asfouri/Bloomberg News)

Chinese and U.S. negotiators made “new progress” in trade negotiations as both sides discussed the wording of an agreement that’s designed to resolve a bilateral trade dispute, according to Xinhua, Beijing’s official news agency.

Jeffrey Black and Jenny Leonard | Bloomberg News
March 29, 2019
Government, Business, Logistics

January Trade Gap Narrows as Imports From China Plummet

Trade Chris Ratcliffe/Bloomberg News

The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost.

Jeff Kearns | Bloomberg News
March 27, 2019
Government, Business

US Pork Exports to China Could Set Record This Year

Pork Qilai Shen/Bloomberg News

China could increase U.S. pork imports to the highest ever this year as part of its commitment to bolster purchases of American farm goods to resolve the trade war between the countries, according to sources familiar with the situation.

Bloomberg News
March 26, 2019
Government, Business, Logistics

Trump Says China Deal ‘Close’ Ahead of New Talks

China Patrick T. Fallon/Bloomberg News

President Donald Trump said March 22 that a trade deal with China is close as he prepared to send his negotiators to Beijing for a fresh round of talks next week, but U.S. officials downplayed the prospect of a swift conclusion.

Saleha Mohsin and Jennifer Jacobs | Bloomberg News
March 22, 2019
Government, Business, Logistics

China Buys Most US Pork in Two Years as Futures Extend Rally

Pork Daniel Acker/Bloomberg News

China, the world’s largest consumer of pork, made its biggest purchase of the meat from the U.S. in nearly two years as African swine fever reduces hog herds and drives up prices.

Michael Hirtzer | Bloomberg News
March 15, 2019