Technology 

Apple sales should pick up when U.S.-China strike trade deal: Trump adviser

The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS/Arnd Wiegmann WASHINGTON (Reuters) – A sharp drop in Chinese economic growth will hit the profits of U.S. firms but sales by Apple Inc and other American companies should recover once Washington strikes a trade deal with Beijing, a senior White House adviser said on Thursday. “If we have a successful negotiation with China, then Apple’s sales and everybody else’s sales will recover,” White House Chairman of the Council of Economic Advisers Kevin Hassett said…

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US-China trade: Trump touts progress in talks for deal

Media playback is unsupported on your device Media captionWhat are tariffs and how do they affect us? “Big progress” is being made in US-China relations, Donald Trump has said, at the end of a year that has seen both countries apply tit-for-tat tariffs. A trade war erupted earlier this year when Mr Trump complained China was not doing enough to address a trade imbalance between the nations. Earlier this month, both agreed to suspend new tariffs to allow for talks. Mr Trump said he and Chinese President Xi Jinping spoke…

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White House adviser: U.S.-China trade talks, Huawei arrest are separate

White House trade advisor Peter Navarro looks on as U.S. President Donald Trump participates in a roundtable discussion about trade in Duluth, Minnesota, U.S. June 20, 2018. REUTERS/Jonathan Ernst WASHINGTON (Reuters) – White House trade adviser Peter Navarro on Friday said that the U.S. -China trade truce and the recent arrest of a top Huawei Technologies Co Ltd executive “are two separate events,” calling the timing of events a coincidence. Navarro, in an interview on CNN, also said if the United States and China could not come to an agreement…

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G20: Trump and Xi to meet amid US-China trade tensions

Image copyright Reuters Image caption Mr Trump (R) – seen here with wife Melania, Argentine President Mauricio Macri and his wife Juliana Awada – last met Mr Xi last year Donald Trump is to meet China’s President Xi Jinping after the G20 summit in their first talks since a trade war erupted earlier this year. Mr Trump said he hoped they would reach a deal during their dinner in Buenos Aires to defuse trade disagreements and said he believed Beijing wanted this. A Chinese official meanwhile said “consensus is steadily…

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Apec summit ends without statement over US-China division

Image copyright AFP Image caption US VP Pence (3rd right) and China’s Xi did not appear together in Apec leaders pictures An Asian economic summit has ended without a formal leaders’ statement for the first time because of US-China divisions over trade. Papua New Guinea’s President Peter O’Neill said a closing statement for the Asia-Pacific Economic Cooperation (Apec) summit would instead be released in the coming days. The US and China revealed competing visions for the region at the summit. The two countries have been engaged in a tit-for-tat trade…

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Xi Jinping: US-China trade war will produce no winners

Image copyright Reuters Countries which embrace protectionism are “doomed to failure”, China’s Xi Jinping has warned in a veiled swipe at the US’s America First policy. Mr Xi was speaking at the Asia-Pacific Economic Cooperation (Apec) summit, where US-Chinese tensions are likely to be centre stage. US Vice-President Mike Pence later said he was prepared to “more than double” the tariffs imposed on Chinese goods. The two countries have been engaged in a tit-for-tat trade war this year. The White House says its tariffs are a response to China’s “unfair”…

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US-China trade: US set to impose biggest round of tariffs yet

Image copyright Getty Images Image caption The latest raft of trade tariffs mark an escalation in the trade war between the US and China A new round of US tariffs on Chinese goods are due to come into effect, the largest yet in the trade war. The US is due to start imposing tariffs on $200bn (£152bn) worth of Chinese products from 12:01 Beijing time (04:01 GMT), in response to what it says are unfair trading practices by China. China has said it will target $60bn of US goods with…

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Apple CEO says optimistic on U.S.-China trade talks

(Reuters) – Apple Inc Chief Executive Tim Cook, whose products have been spared from new U.S. tariffs imposed on Chinese goods, said on Tuesday he was optimistic that the United States and China will eventually work through their trade differences. FILE PHOTO: Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China, March 26, 2018. REUTERS/Jason Lee/File Photo “I’m optimistic because trade is one of those things where it’s not a zero-sum game,” Cook told ABC News’ “Good…

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News Daily: US-China trade war and Brexit report

If you want to get this briefing by email, sign-up here Image copyright Getty Images US ramps up trade war with China The US’s trade war with China is getting nastier, with Washington placing tariffs on almost 6,000 types of goods, worth $200bn (£150bn). Suitcases, wool, frozen cuts of meat, scallops and toilet paper are among the items affected, in what Donald Trump is calling retaliation for Beijing’s “unfair” policies. China has promised to respond to the tariffs, set at 10% but due to rise to 25% next year unless…

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Qualcomm CEO in the ring alone after U.S.-China spat kills deals

(Reuters) – Qualcomm Inc (QCOM.O) Chief Executive Officer Steven Mollenkopf sought government help to block an acquisition of the U.S. chip maker on fears of China’s technological ascendance, only to see his biggest deal thwarted by China. FILE PHOTO: Steven Mollenkopf, CEO of Qualcomm, attends the Wall Street Journal Digital conference in Laguna Beach, California, U.S. October 17, 2017. REUTERS/Mike Blake/File Photo Now the 49-year-old former electrical engineer is under investor pressure to show that he can go it alone. Several Qualcomm shareholders interviewed by Reuters said they were willing…

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