Edition:
United Kingdom

David Lawder

U.S. considers duties on countries that undervalue currency: Commerce Department

1:02am BST

WASHINGTON The U.S. Commerce Department said on Thursday it was proposing a new rule to impose anti-subsidy duties on products from countries that undervalue their currencies against the dollar, another move that could slap higher tariffs on Chinese products.

Prepare for difficult times, China's Xi urges as trade war simmers

22 May 2019

BEIJING/WASHINGTON China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the U.S.-China trade war took a mounting toll on tech giant Huawei. | Video

USTR sees progress in talks on North American trade deal vote - senators

22 May 2019

WASHINGTON Republican senators said on Tuesday that U.S. Trade Representative Robert Lighthizer was making progress in negotiations with Democrats on passage of a new North American trade deal and the talks were being handled "in good faith."

UPDATE 1-China ready for further U.S. trade talks, ambassador says

22 May 2019

WASHINGTON, May 21 Chinese Ambassador to the United States Cui Tiankai said on Tuesday that Beijing was ready to resume trade talks with Washington, but blamed the U.S. side for frequently "changing its mind" on tentative deals to end U.S.-China trade disputes.

USTR sees progress in talks on N. American trade deal vote -senators

21 May 2019

WASHINGTON, May 21 Republican senators said on Tuesday that U.S. Trade Representative Robert Lighthizer was making progress in negotiations with Democrats on passage of a new North American trade deal and the talks were being handled "in good faith."

Worries of longer, costlier U.S.-China trade war hits markets

21 May 2019

WASHINGTON/BEIJING Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring "extravagant expectations" for a deal to end their dispute. | Video

WRAPUP 3-U.S., China bicker over "extravagant expectations" on trade deal

20 May 2019

BEIJING/WASHINGTON, May 20 China accused the United States on Monday of harbouring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as U.S. action against China's technology giant Huawei began hitting the global tech sector.

Trump says tariffs making companies leave China, a deal can't be '50-50'

20 May 2019

WASHINGTON U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a "50-50" deal. | Video

World News

Why U.S.-Iran tensions could quickly escalate into a crisis

Three years ago, when Iran's military captured 10 U.S. sailors after they mistakenly strayed into Iranian waters, U.S. Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif jumped on the phone in minutes and worked out the sailors' release in hours.