Mexican Media Brands
No Progress on U.S.-China Trade Pact
U.S. and Chinese negotiators ended another round of high-level trade talks in Washington, D.C., on Friday with no discernable progress in ending the trade war between the two countries.
#economics
Share
U.S. and Chinese negotiators ended another round of high-level trade talks in Washington, D.C., on Friday with no discernable progress in ending the trade war between the two countries.
Reports suggest neither side had new concessions to offer. Earlier in the day President Donald Trump tweeted that there is “no need to rush” a deal, even as his administration hiked tariffs on $200 billion worth of Chinese goods to 25% from 10%.
U.S. Treasury Secretary Steve Mnuchin described today’s talks “constructive.” China Vice Premier Liu He told reporters the meetings went “fairly well.” The Chinese negotiating team left for home this afternoon.
RELATED CONTENT
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.