Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Mexican Economy Secretary Ildefonso Guajardo told CNBC on Tuesday an accusation that the country is being used as a backdoor for Chinese imports into the United States "is not a right one."
Earlier this year, Commerce Secretary Wilbur Ross accused Mexico of taking advantage of NAFTA rules, saying, "Mexico's trade deficit with China is approximately equal to their trade surplus to us. It's not an accident."
"The rules of origin in NAFTA need some tightening," Ross added. "Rules of origin are what let material outside of NAFTA to come in and benefit from all the taxes and tariff reductions within NAFTA."
In an appearance on "Squawk Box," Guajardo said Ross is incorrect, and that no additional actions need to be taken.
"Forty percent of our exports to the U.S. are cars. And when you look at cars, the Chinese content in any type of cars being traded with American is less than 3 percent," he said. "When you analyze the U.S. deficit vis-a-vis China and the Mexican deficit vis-a-vis China, basically we're importing the same things and those are things that have not been produced in North America for the last 25 years."
Guajardo spoke ahead of a series of meetings in Washington on Tuesday between the U.S. and Mexican companies to discuss bilateral cooperation and trade. Guajardo is also expected to see Ross.
Last month, President Donald Trump formally launched his effort to renegotiate NAFTA with Canada and Mexico to try to win better terms for U.S. workers. Guajardo was upbeat about the new talks.
"We feel very positive that there are good planning grounds to get a renewed NAFTA, an improved NAFTA, " he said, adding that the country is prepared for alternatives.