Author: Lucy Fraser

Trade War between the US and China Provisionally Shut Down. The US Treasury Secretary Steve Mnuchin said on Sunday evening on the Fox News channel that the trade war between his country and China is stagnant for the time being. US import duties on Chinese steel have been suspended after both countries have made progress in the trade negotiations held in the past two days, says eWorldNews.   We stop the trade war. We suspend the import duties until we have an agreement on all details, "Mnuchin said. The US further demands that China do more to counter patent violations and subsidies for its manufacturing industry are scaled back. According to the Chinese news agency Xinhua, the countries agree on several issues, but some are not yet. President Donald Trump had previously threatened ...

US Government Contradicts in the Trade Dispute with China. Following an approximation in the trade dispute with China, the US government is sending out different signals about how to proceed, posted by CNN News.   Following an approximation in the trade dispute with China, the US government is sending out different signals about how to proceed. Finance Minister Steven Mnuchin told Fox News that during the ongoing negotiation phase with China, the punitive tariffs for steel and aluminium threatened by Washington are off the table. The US was holding a trade war with China, Mnuchin said. In contrast, US President Donald Trump's economic adviser Larry Kudlow told CBS that tariffs were by no means off the table.