President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
For decades, the international community has tried to stop North Korea's nuclear weapon and missile development. It has failed.
The pariah state has promised disarmament more than once, only to repeatedly backtrack on its commitments. It has duped multiple U.S. presidential administrations, each of which has passed the North Korea problem onto the next. Now, many fear that pattern is being repeated as Kim Jong Un and President Donald Trump prepare to meet before May.
Two major diplomatic initiatives — in 1994 and the early 2000s — are examples of Pyongyang's spotty history on negotiations.
In 1994, President Bill Clinton's administration and North Korea signed a deal known as the Agreed Framework. Under the terms, Pyongyang committed to freezing its illicit plutonium weapons program in exchange for U.S. construction of light-water nuclear reactors, heavy fuel, normalized relations and formal assurances against the threat or use of nuclear weapons.
But in 2002, the North once again began operating its nuclear facilities.
However, some of the blame may be due to failed commitments from Washington's side. The heavy fuel oil shipments and light-water reactors were delivered only partially or not at all, Leonid Petrov, a Korean studies researcher at the Australian National University, told CNBC earlier this week.
In 2005, multilateral discussions among China, Japan, North Korea, Russia, South Korea and the U.S. — known as the Six-Party Talks — seemed to take a step forward when North Korea pledged to abandon its existing nuclear programs.
North Korea also pledged to return to the Nonproliferation Treaty, which the country said it had decided to leave two years prior — which it had agreed to enter back in the 1980s.
The deal appeared to be a diplomatic win for the U.S. administration of George W. Bush. Then in 2006, Pyongyang launched its first nuclear test.
The Six-Party Talks continued and in 2007, the pariah nation began disabling its Yongbyon nuclear plant.
But that good will didn't last. By the end of 2008, the regime restarted its nuclear program and barred nuclear inspectors, resulting in the country walking out of negotiations in 2009.