BEIJING, Dec 13- Senior U.S. and Chinese officials will hold annual trade talks in Beijing next week, China's Foreign Ministry said on Friday, as the world's two largest economies try to iron out an array of long-held tensions.» Read More
Trader Monthly has issued its annual list of the top-earning traders of 2006. Just how much are the biggest earners taking in? Rich Blake, senior editor at Trader Monthly, joined CNBC’s Bill Griffeth on Power Lunch with the first look at the jaw-dropping numbers. In this elite club of traders, each of the top 100 made $50 million or more last year -- and every one of the top five made at least $1 billion in annual compensation.
U.S. trade officials have warned China for more than a year they could take action at the WTO because of piracy concerns.
The Food and Drug Administration doesn’t have the staff to inspect all food imported to the U.S., raising basic health concerns and forcing consumers to take producers' word that it’s safe, a food expert said.
A major trade deal between the U.S. and South Korea received a mixed response as some business leaders and politicians complained it fell short on boosting U.S. auto and agriculture exports.
"Nineteen minutes to spare": A dramatic last-minute victory united America and South Korea Monday, as the two countries arrived at a historic economic agreement. Ambassador Susan Schwab, U.S. trade representative, joined CNBC's Erin Burnett to describe the "ambitious outcome."
A Chinese company targeted by Washington with duties on "unfair" state subsidies said on Monday it would fight the move, which state media and officials said would exacerbate frictions caused by a huge U.S. trade deficit.
With just minutes to spare on Monday, the United States and South Korea agreed the biggest U.S. trade pact for 15 years, officials said.
The action reverses 23 years of U.S. trade policy by treating China, which is classified as a nonmarket economy, in the same way that other U.S. trading partners are treated in disputes involving government subsidies.
On Friday, the U.S. Commerce Department announced it would impose import duties on shipments of Chinese coated paper. The move reverses a 23-year policy of not enacting tariffs on goods from nations deemed to have non-market economies. Perhaps more significantly, the decision signifies China's evolution into a developed global powerhouse -- one which is now expected to "follow the same rules" as the U.S., according to Commerce Secretary Carlos Gutierrez.
Remember the song “One Thing Leads To Another” by The Fixx? An '80s staple on MTV, it could well have been the theme for the day on the Breaking News Desk. One thing led to another, which led to another, which led to another... Domino No. 1: The Commerce Department announces that it would impose sanctions on Chinese paper imports -- the first time in 23 years that duties have been applied to Chinese imports...
Secretary of Commerce Carlos Gutierrez announced Friday that the U.S. would reverse policy and impose duties on Chinese imports, beginning with coated papers. On a week when the U.S. dollar dropped against all major currencies, what does the tariff herald for the second quarter? Two currency experts gave their views to CNBC's Bill Griffeth.
Danish shipping giant A.P. Moller-Maersk's full-year profit fell 22% after freight shipping rates fell and as the government raised its tax rate on oil and gas activities, the company said Wednesday.
Corporate America came to Washington today to meet with President Bush and Congressional leaders. The Business Roundtable is an association of leading American CEOs, heading companies with $4.5 trillion in annual revenues and more than 10 million employees.Before sitting down with the President to talk about U.S. competitiveness, trade expansion and education, three of the Roundtable's most influential leaders sat down with our Sue Herera for a "CNBC Exclusive" interview.
Germany's trade surplus grew more than expected in January after a surprisingly big drop in imports, Federal Statistics Office data showed on Friday.
European Union president Germany vowed on Thursday to push ahead with efforts to get a deal on world trade this year, stressing the need for an agreement was urgent.
Bush, in his annual economic report to Congress, made a fresh pitch for breaking down trade barriers and energizing global trade talks.
Britain's overall trade deficit hit a record high in 2006, according to official data released Friday, partly due to the fact that the nation has become a net importer of oil.
The Bush administration on Friday filed a complaint with the World Trade Organization, accusing China of improperly subsidizing its own firms. "Power Lunch" heard from two experts on international trade, who debated whether the filing was smart, hard-edged economic brinkmanship -- or a savvy political move to mollify Congressional Democrats and others who demand White House action on vanishing U.S. manufacturing jobs.
As we reported earlier, President George W. Bush is in New York today, speaking to Wall Street about a number of the domestic initiatives he emphasized during his State of the Union speech. The president’s remarks showed an awareness of the political reality of a Democratic Congress, but he pushed his own agenda nonetheless. Liz Claman hosted a roundtable reaction on “Morning Call.”
President George W. Bush is speaking on Wall Street today to further promote the economic initiatives he laid out during his State of the Union speech last week. Yesterday, the president visited the Caterpillar headquarters in Peoria, Ill., where he emphasized the importance of free trade rather than the protectionist rhetoric coming from some Democrats.