TV News LIES

Saturday, Jul 05th

Last update08:07:49 AM GMT

You are here News Economy China's Xi renews vow to open economy, cut tariffs as U.S. trade row deepens

China's Xi renews vow to open economy, cut tariffs as U.S. trade row deepens

E-mail Print PDF

China's Xi vows to open eonomy, cut tariffsChinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products like cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States.

While much of his pledges were reiterations of previously announced reforms that foreign businesses say are long overdue, Xi’s comments sent stock markets and the U.S. dollar higher on hopes of a compromise that could avert a trade war.

Xi said China will widen market access for foreign investors, addressing a chief complaint of its trading partners and a point of contention for U.S. President Donald Trump’s administration, which has threatened billions of dollars in tariffs on Chinese goods.

More...

 


Most Recent Related Stories...


US dollar has worst first half in more than 50 years amid Trump tariffs

Dollar fallsThe US dollar has had its worst first half-year in more than 50 years, as the...

Federal Reserve holds interest rates, defying Trump’s demand to lower them

rome PowellThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts...

Fed would have cut US interest rates by now if it weren’t for Trump’s tariffs, says Jerome Powell

Jerome Powell Federal Reserve chair Jerome Powell said earlier this morning that the central bank would likely have...

Federal cuts hit farmers and food banks: 'It really hurts'

Food pantrySylvia Tisdale believes in feeding the hungry so much that, at 70 years old, she attempted...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!