TV News LIES

Friday, Aug 17th

Last update05:20:13 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...


CBO downgrades economic growth projection for 2018

CBO downgrades projections for 2018The U.S. economy will grow at 3.1 percent in 2018, according to updated projections by the...

Facebook stock drops 19%, loses $120 billion in value after warning that revenue growth will take a hit

Facebook stock plummeets Facebook Inc. is evidently not bulletproof. On Thursday, Facebook FB, -19.04% has lost about $120 billion in...

Apple makes history by becoming first company to reach $1 trillion market value

Apple becomes trillion dollar company Apple, which already held the crown as the most-valuable company on earth, made Wall Street history...

Trump threatens to hit all $505bn of Chinese imports with tariffs

Trump threatens to hit all $505b in Chinese tariffs Donald Trump escalated economic global tensions on Friday, lashing out a range of targets that included...
 
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!