EU agrees to start trade talks with Australia, New Zealand

By Philip Blenkinsop BRUSSELS, May 22 : European Union countries cleared the way on Tuesday for the bloc to begin free trade talks with Australia and New Zealand in a drive to forge new alliances as trade tensions with the United States increase. The European Commission, which negotiates on behalf of the 28 EU members, […]

US farmers plow ahead with plantings as China trade war fears ebb

By Tom Polansek CHICAGO, May 22 : US farmers said they would push ahead with plantings planned before U.S.-China trade tensions eased and, now that the two countries have resumed talks, take a wait-and-see approach to President Donald Trump’s promises for more sales to China. Over the weekend, the world’s two largest economies pledged to […]

China relieved, US business ambivalent over easing of trade tensions

By Ben Blanchard, Michael Martina and Susan Heavey BEIJING, May 21 : China’s government on Monday praised a significant cooling of trade tensions with the United States, saying agreement was in both nations’ interests while state media trumpeted what it saw as Beijing’s refusal to surrender to U.S. economic threats. China’s relief, coming after talks […]

China trade truce sparks rise in grain, soy prices

By Nigel Hunt LONDON, May 21 : Chicago grain and oilseed prices were higher on Monday after Washington and Beijing agreed to drop tariff threats, easing fears about demand for U.S. shipments to China. Dealers said gains were tempered by a strong dollar with the U.S currency climbing to a five-month high. The U.S. trade […]

China relieved U.S. trade war is “on hold”; U.S. business ambivalent

By Ben Blanchard and Michael Martina BEIJING, May 21 : China on Monday praised a significant dialling back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China’s refusal to surrender. The cooling of tension elicited mixed […]

U.S., China putting trade war on hold, Treasury’s Mnuchin says

By Lindsay Dunsmuir and Howard Schneider WASHINGTON, May 21 : The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin and U.S. President Donald Trump’s top economic adviser, […]