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Andy Puzder: Trump’s China trade deal brings US great benefits, fulfills campaign promise

11 hours ago NAMEX Comments Off on Andy Puzder: Trump’s China trade deal brings US great benefits, fulfills campaign promise
Friday’s announcement by President Trump and China that they have reached a Phase One trade deal that includes canceling the imposition of new U.S. tariffs on Chinese products is good news for the American people. It is a huge deal, fulfilling yet another Trump campaign promise and confirming his strategy of using America’s enormous economic Read More

U.S. agency probes 12th Tesla crash tied to possible Autopilot use

14 hours ago NAMEX Comments Off on U.S. agency probes 12th Tesla crash tied to possible Autopilot use
WASHINGTON (Reuters) – The U.S. auto safety agency said on Friday it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut last week. TFILE PHOTO: he company logo is pictured on a Tesla Model Read More

U.S. business inventories rebound in October

17 hours ago NAMEX Comments Off on U.S. business inventories rebound in October
WASHINGTON, (Reuters) – U.S. business inventories increased in October, lifted by stocks at retailers, suggesting inventory investment could again contribute to economic growth in the fourth quarter. The Commerce Department said on Friday that business inventories rose 0.2% after slipping 0.1% in September. Inventories are a key component of gross domestic product. October’s increase was Read More

U.S. retail sales rise slightly, cast shadow on fourth-quarter economic growth

17 hours ago NAMEX Comments Off on U.S. retail sales rise slightly, cast shadow on fourth-quarter economic growth
WASHINGTON (Reuters) – U.S. retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labor market, raising fears of a much faster slowdown in fourth-quarter economic growth than currently anticipated. FILE PHOTO: Shoppers walk through the King of Prussia Mall, United States’ largest retail shopping space, in Read More

China says US to remove tariffs ‘phase by phase’ as it cancels tax hikes on American goods

19 hours ago NAMEX Comments Off on China says US to remove tariffs ‘phase by phase’ as it cancels tax hikes on American goods
Beijing has said that the United States will roll back tariffs on Chinese goods “phase by phase,” and that the Chinese government will cancel its own impending tariffs on American goods, as a trade deal draws nearer. Tariffs on US goods due to take effect on Sunday have been cancelled, China’s Vice Finance Minister Liao Read More

Trump says ‘very large Phase One Deal’ with China agreed

19 hours ago NAMEX Comments Off on Trump says ‘very large Phase One Deal’ with China agreed
The United States and China have reached a “very large” trade deal, President Donald Trump has announced. The accord will see China step up its imports of American products, and could end a two-year trade war. The president claimed that under the agreement, China will make “massive purchases of Agricultural Product, Energy, and Manufactured Goods, Read More

U.S. sets China trade deal terms, sources say, but Beijing mum

21 hours ago NAMEX Comments Off on U.S. sets China trade deal terms, sources say, but Beijing mum
WASHINGTON/BEIJING (Reuters) – Washington has set its terms for a trade deal with China, offering to suspend some tariffs on Chinese goods and cut others in exchange for Beijing’s buying more American farm goods, U.S. sources said on Thursday. Beijing has yet to confirm whether it is on board with the proposal, although officials will Read More

Another year, another record: Russia & China project trade to hit $110bn this year

1 day ago NAMEX Comments Off on Another year, another record: Russia & China project trade to hit $110bn this year
Beijing expects trade turnover with Moscow to surpass $110 billion in 2019, setting a new record for trade volume between the two countries, according to a Chinese Ministry of Commerce (MOC) forecast. From January to November, mutual trade between Russia and China stood at 100.32 billion, which is 3.1 percent more than in the same Read More

UPDATE 1-Delivery Hero to buy S.Korea’s Woowa Brothers for $4 billion

1 day ago NAMEX Comments Off on UPDATE 1-Delivery Hero to buy S.Korea’s Woowa Brothers for $4 billion
SEOUL (Reuters) – German food delivery company Delivery Hero (DHER.DE) has agreed to acquire its South Korean rival Woowa Brothers for $4 billion, Woowa Brothers said in a statement on Friday. Woowa Brothers said the companies will also create a joint venture in Singapore to tap into the booming food delivery market in Asia and Read More

US, China reach phase one trade deal, source says

2 days ago NAMEX Comments Off on US, China reach phase one trade deal, source says
The United States and China have agreed to the terms of a phase one trade deal with China, though the details are still being finalized, a source told FOX Business. Earlier Thursday, President Trump tweeted about the ongoing trade war with China, saying “Getting VERY close to a BIG DEAL with China. They want it, Read More