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
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
The paper argues that trade disruptions — which the document claims were launched by the United States — negatively affect the world. It claims that the United States is an untrustworthy negotiator and that the Chinese government wants talks that are equal, mutually beneficial and trustworthy.
U.S. media outlets have reported that Beijing backed out from basically all negotiating points during talks with the United States several weeks ago.
At a press conference Sunday, Vice Commerce Minister Wang Shouwen said U.S. actions in the past month are the primary reason for the lack of progress in negotiations.
"During the consultations, China has overcome many difficulties and put forward pragmatic solutions. However, the U.S. has backtracked, and when you give them an inch, they want a yard," Wang said.
Last month, U.S. President Donald Trump announced that tariffs on $200 billion worth of Chinese goods would go up from 10% to 25%. The U.S. has also begun investigating whether $300 billion of other Chinese goods could be subject to tariffs. Finally, the U.S. put Chinese telecom giant Huawei on an list that essentially prevents it from conducting business with U.S. companies.
Wang would not confirm at a press conference Sunday whether Trump and Chinese President Xi Jinping would meet at the G20 meeting at the end of June. Wang said only that China will send representatives to those coming meetings in Japan.
On Friday, China's Commerce Ministry announced it would create a list of what it calls "unreliable entities." State news agency Xinhua subsequently reported that China is investigating Memphis, Tennessee-based FedEx. CNBC confirmed that the shipping giant diverted packages destined for Huawei addresses in Asia.
Wang would not elaborate on details about the unreliable entities list or its implementation, saying such details would be disclosed later.
Wang said Sunday that any foreign companies that act against Chinese law will be subject to Chinese investigations, according to a CNBC translation of his Mandarin-language remarks.
"Nothing is agreed until everything is agreed," Wang said in English, echoing language used by officials on talks between the United Kingdom and European Union over Brexit. He added that both sides need to take a step back and argued that the countries should adhere to the direction agreed upon at the meeting of Trump and Xi in Argentina late last year.
The White House said the U.S. agreed not raise tariffs if a deal with China was reached on its most serious complaints, including China's practice of forcing foreign companies to hand over their technology in exchange for access to China's domestic market — so-called forced technology transfers.
In March, China passed a foreign investment law which it claims will improve intellectual property protection and prevent forced technology transfer. The law is set to take effect next year. Beijing says it has taken steps to allow greater foreign access to its financial and auto industries.
Especially since the latest round of U.S. tariffs, however, Chinese officials have been more vocal in stating they believe that America's primary motive is to prevent China from growing stronger.
Increasingly, officials in Beijing talk of bracing for a dispute that will last decades.
—CNBC's Eunice Yoon contributed to this report.