Bloomberg | November 22, 2019 | International Trade
When Microsoft Corp. co-founder Bill Gates tried to build an experimental nuclear reactor in China, his plan was thwarted by U.S. foreign investment restrictions. At Bloomberg’s New Economy Forum this week, Gates described the scuttled reactor project as “a five-year setback for technology.”
Chinese President Xi Jinping said his nation wants to work toward a phase one trade agreement with the U.S. on the “basis of mutual respect and equality,“ his first comments on a partial deal that he could potentially sign with President Donald Trump.
Bloomberg | November 21, 2019 | International Trade
Bloomberg | November 20, 2019 | International Trade
China has worked to undermine U.S. tariffs on solar equipment and is “exploiting” a loophole that shields some panels from the duties, according to White House trade adviser Peter Navarro.
After almost two years of negotiations and escalations -- and plenty of false dawns -- trade negotiators from the U.S. and China are making progress in key areas even as concerns grow that efforts to nail down the first phase of a broader deal are stalling.
China had a swift and forceful response on Wednesday after the U.S. Senate passed legislation supporting Hong Kong’s pro-democracy protesters, with multiple government agencies threatening some sort of unspecified retaliation.
President Donald Trump is expected to sign legislation passed by Congress supporting Hong Kong protesters, setting up a confrontation with China that could imperil a long-awaited trade deal between the world’s two largest economies.
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