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Overall, the U.S. trade deficit of all goods and services fell last year by almost 19%, the largest drop since 2009, as Americans bought less foreign oil and fewer China-made phones, toys and ...
Legislation to revoke China’s Permanent Normal Trade Relations was introduced Thursday by a bipartisan pair of House lawmakers, building on a Republican effort last year to repeal Beijing’s ...
SINGAPORE/HONG KONG (Reuters) -The governor of Texas ordered state agencies to stop investing in China and sell assets there as soon as possible, citing financial and security risks, a sign of ...
Canadian energy exports, including natural gas, hydroelectric power, and uranium, [4] were made subject to a ten percent tariff; Peter Navarro, Trump's trade advisor, stated that the lower rate was to "minimize any disruptive effects". [5] The order contains a clause that will increase tariffs if Canada, China, or Mexico retaliate. [6]
Chinese leader Xi Jinping with former U.S. President Joe Biden at the 17th G20 in Bali, November 2022.. The relationship between the People's Republic of China (PRC) and the United States of America (USA) has been complex and at times tense since the establishment of the PRC and the retreat of the government of the Republic of China to Taiwan in 1949.
The Trade Act of 1974 required the trade status of PRC be reviewed annually. On May 15, 2000, Representative William Reynolds Archer, a Republican from Texas, introduced H.R. 4444 to make the trade status of China permanent, saying that the bill was a top priority for the rest of the year and it was vital to the U.S. agriculture market to have access to a market that accounts for one-fifth of ...
The State of Texas is taking action against China that some are worried could trigger a trade war with the superpower. Texas Rep. Gene Wu raises concerns about state's potential trade war with ...
The mixed data underline how challenging it will be for China's leaders to mount a durable economic recovery heading into 2025, when trade relations with China's biggest export market could worsen ...