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Washington’s chief trade negotiator on Wednesday said there remained much to do before reaching a new trade agreement with China despite “real progress” so far. After months of negotiating with Beijing, “now we are making real progress,” US Trade Representative Robert Lighthizer said in congressional testimony. However, “Much still needs to be done both before an agreement is reached, and more importantly after it is reached if one is reached.” Citing progress toward a new […]
By Sara HUSSEIN / Dan Martin Agence France Presse NUSA DUA, Indonesia (AFP) — The window of opportunity for safeguarding global growth is “narrowing” as trade disputes deepen and emerging markets face fiscal crisis, the IMF said Saturday, warning countries against worsening things by weaponising currency and interest-rate policies. US Treasury Secretary Steven Mnuchin had downplayed the global concerns expressed at an International Monetary Fund meeting held this week in Bali under the shadow of […]
WASHINGTON, United States (AFP) — US Treasury Secretary Steven Mnuchin warned China on Wednesday against engaging in competitive currency devaluations as the two countries wage a trade war, in comments published in the Financial Times. There are several factors behind the recent fall in the Chinese yuan, or renminbi (RMB), including economic issues in China, Mnuchin he told the newspaper ahead of meetings in Bali, Indonesia of the IMF, World Bank and G20. “As […]
WASHINGTON, United States (AFP) — US Treasury Secretary Steven Mnuchin on Monday denounced media reports detailing plans to impose restrictions on Chinese investment in US companies and on tech exports to China. The reports were widely cited Monday as helping to spark a global stocks selloff, with investors increasingly gloomy about the prospects of de-escalation in the emerging US-China trade war. The White House in late May announced plans to impose steep tariffs on Chinese […]
