BEIJING— China announced Monday it will cut import taxes on clothing, cosmetics and some other goods by half in a new tactic to spur consumer spending and economic growth. Beijing is in the midst of a marathon effort to reduce reliance on trade and investment to drive economic growth by nurturing domestic consumption. Tariff cuts due to take effect June 1 will be "...» Read More
CNBC's John Harwood provides details of his exclusive interview with President Obama's chief of staff, Bill Daley, on such topics as the newly inked trade deals with Korea, Panama and Columbia; job creation; and the Occupy Wall Street protests.
The September retail numbers show that sales are up 1.1 percent, says Kevin Ferry, Cronus Futures Management; with Mark Vitner, Wells Fargo, and Roger McNamee, Elevation Partners co-founder, who also breakdown import price data.
Congress passed three long-awaited free trade agreements on Wednesday, ending a political standoff that has stretched across two presidencies, the New York Times reports.
China's unhappy, Europe gets a reality check, and Australians are getting jobs - it's time for your FX Fix.
Weighing in on whether the free trade agreement will export jobs overseas, with Rep. Linda Sanchez (D-CA).
William Craft, Deputy Assistant Secretary, Trade Policy and Programs at the U.S. Department of State, discusses the significance of the U.S. - S. Korea FTA.
A proposed free trade agreement with South Korea, which the House and Senate are scheduled to consider this week, would open the American market to a manufacturing powerhouse that has its own high-technology textile industry. The New York Times reports.
The circus in Europe has certainly been absorbing. But while you weren't looking, these strategists say the Japanese yen has gotten cheap.
The direct financial impact of the euro zone debt crisis will be felt in Asia as trading volumes on financial markets fade, just as they have in the west. When markets are as jittery as they are now, it seems geographic diversification counts for little. The FT reports.
The last thing the world needs is a trade war between the two economic super powers.
France and Germany make a promise, and China sends a warning - it's time for your FX Fix.
From aviation to wheat production, a broad cohort of US industry is looking forward to the passage of US trade deals with Colombia and Panama next week.
It must be quite interesting be in Mr. Wen Jiabao’s shoes at the moment. The Premier of the globe’s second largest economy is living in a world that seems to be on the brink of a recession due to sovereign debt crisis in Europe and lack of recovery in the US.
The chairman of the US Federal Reserve has accused China of damaging prospects for a global economic recovery through its deliberate intervention in the currency market to hold down the value of the renminbi. The FT reports.
The guest blogs are carrying some smart currency-related commentaries today. Here's a guide.
Australia may cut rates, China may start a trade war, and the Greek tragedy plays on - time for your FX Fix.
You can profit from China's slowdown if you know where to look. Check out this strategist's idea.
Risk-averse investors have been bailing out of the Australian and New Zealand dollars. Time for bargain hunting, this strategist says.
Fear of another downturn in the world economy lurks behind the smiles and relaxed atmosphere; the Czech Republic is heavily reliant on exports to the euro zone, especially Germany, for its economic growth.
Martin Tlapa, Deputy Minister, Ministry of Industry and Trade of the Czech Republic told CNBC.com in an interview in Prague that the "safe haven" label looks rather scary for a small, open economy that needs a stable exchange rate to function properly.