OAN NewsroomIt seems to be another round of tit for tat measures between the U.S. and China as Beijing announced it will raise tariffs on $60 billion worth of U.S. imports. The announcement comes just days after President Trump raised tariffs on $200 billion worth of Chinese goods from 10-percent to 25-
OAN NewsroomWhite House Economic Adviser Larry Kudlow touts major progress in the ongoing trade talks with China.
In an interview on Sunday, Kudlow said a sweeping trade agreement with China could be finalized by April.
He added the upcoming agreement is aimed at protecting American jobs in the agricultural and manufacturing sectors by making trade with China fair and reciprocal.
OAN NewsroomPresident Trump is expressing concern over reports North Korea may be rebuilding its nuclear sites.
While speaking at the White House, the president said the U.S. is closely monitoring the situation and he would very disappointed in Kim Jong-un if the reports are true.
President Trump is celebrating the success of the U.S. economy, while other large economies — specifically China — are seeing disappointing figures.
In a tweet Tuesday, the president said the U.S. has a great economic story to tell. He claimed the U.S. has the number one economy in the world by far.
Chinese officials respond to a shift in policy direction at the Defense Department, under Acting Secretary Patrick Shanahan.
China’s Foreign Ministry spokesman, Lu Kang tried to smooth over relations at a press conference Thursday, in response to Shanahan reportedly making efforts to counter Beijing as his top priority.
The official touted the “relatively good communication” between the U.S. and China in recent weeks, but warned the country is not afraid to protect itself when necessary.
China is beginning to buy soybeans from the U.S. again amid the ongoing 90-day truce on trade.
According to the U.S. Soybean Export Council Wednesday, Chinese companies have already ordered about two million tons of American soybeans.
China is threatening to take aggressive action against Canada if the country fails to release Huawei’s CFO from custody and obeys a U.S. extradition request.
“For Canada, if they do not correctly handle this matter there will be serious consequences. You asked, what kind of serious consequences would these be? I can tell you in one sentence – it is totally up to Canada.” — Lu Kang, Chinese Foreign Ministry spokesman
Despite a strong economy, the U.S. trade gap has continued to widen due to a record high number of imports.
Officials are working to resolve differences ahead of upcoming talks between President Trump and his Chinese counterpart Xi Jinping.
On Thursday, a delegation of Republican senators discussed bilateral relations with Chinese Premier Li Keqiang in Beijing.
Tennessee Senator Lamar Alexander told the official the U.S. and China are competitors not adversaries and suggested they can prosper together.
Beijing recently announced it’s in talks with U.S. officials about a possible meeting in Argentina.
At a press conference Tuesday, Chinese Foreign Minister Lu Kang said the country’s president plans to meet President Trump at the G20 summit in Buenos Aires next month.
The proposed talks will focus on striking a deal to resolve trade tensions between the two nations.