TV News LIES

Sunday, Feb 16th

Last update10:26:39 PM 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...


There’s a 70% chance of recession in the next six months, new study from MIT and State Street finds

Stock market recession predictedThere’s a 70% chance that a recession will hit in the next six months, according to...

Americans, not Chinese, pay Trump tariffs: NY Fed study

Yusen terminalWhen the Trump administration imposed tariffs on Chinese imports last year, officials insisted China would pay...

Express closing 91 stores as fashion retailer grapples with declining sales

Express closing 91 stores Fashion retailer Express plans to close 91 stores as part of a "fleet rationalization" after a...

Trump can no longer impose 'Section 232' auto tariffs after missing deadline: experts

Auto tariffs can longer can be imposed The U.S. administration may have to find other means if Trump wants to tax European or...
 
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!