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The White House has looked for ways to limit investment in China. A former top Treasury aide says it’s ‘a terrible idea.’
White House officials were discussing plans to limit portfolio inflows into China as recently as October, according to an administration official.
Trade doubts emerge after White House adviser says ‘there is no agreement’ to roll back China tariffs
The White House sent conflicting messages on trade talks with China at the end of the week, sowing further uncertainty for businesses and investors.
The US did not issue any public response after China said on Thursday the two sides had agreed to remove tariffs "simultaneously."
Huawei’s billionaire CEO said Trump should meet him in China because he can afford only a paper airplane
Ren Zhengfei has given conflicting statements over whether he'd talk to President Donald Trump after Trump placed Huawei on a trade blacklist.
Dozens of venues for the trade deal meeting are said to be under consideration by the US and China, including in Asia and Europe.
While the White House often asserts that foreign exporters pay tariffs, evidence shows those costs largely fall on domestic business and consumers.
The trade war wiped out billions of dollars in the first half of the year and significantly raised prices for households.
We just got the latest sign of a downturn in US manufacturing — the opposite of what Trump’s trade wars were supposed to accomplish
The manufacturing sector accounts for 11% of gross domestic product but is deeply intertwined with broader parts of the economy.
Administration officials have emphasized that further negotiations would be needed to resolve key economic issues between the two sides.
The unprecedented amount of aid to farmers has raised concerns about misuse of funds and drawn backlash from agricultural groups and lawmakers.