The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
U.S. President Donald Trump's administration said on Monday that China was pursuing a "blame game" in recent public statements and a weekend white paper that misrepresented the trade negotiations between the world's two largest economies.
In a joint statement, the U.S. Trade Representative's (USTR) office and the U.S. Treasury reiterated their view that China's negotiators had "backpedaled" on important elements of a deal that had been largely agreed, including on an enforcement provision.
"Our insistence on detailed and enforceable commitments from the Chinese in no way constitutes a threat to Chinese sovereignty," USTR and the Treasury said. "Rather, the issues discussed are common to trade agreements and are necessary to address the systemic issues that have contributed to persistent and unsustainable trade deficits."
China on Sunday issued a government policy paper on the U.S.-China trade dispute in which it asserted that the United States bore responsibility for setbacks in the talks, citing three instances in which Washington had backtracked on commitments made during the negotiations.
China's Vice Commerce Minister Wang Shouwen, a prominent member of Beijing's negotiating team, said in presenting the paper to the media that it would be impossible for the United States to use "extreme pressure" to force concessions from China.
Acrimonious rhetoric between Beijing and Washington has steadily increased since talks broke down in early May over U.S. accusations that Beijing had backtracked on commitments to codify in law changes to its intellectual property and technology transfer practices to address U.S. demands.
President Donald Trump imposed an increase in tariffs to 25% on a $200 billion list of Chinese goods on May 10, saying that China "broke the deal." His administration later imposed severe sanctions against Huawei Technologies Co, China's premier telecommunications equipment firm.
"The United States is disappointed that the Chinese have chosen in the 'White Paper' issued (on Sunday) and recent public statements to pursue a blame game misrepresenting the nature and history of trade negotiations between the two countries," USTR and Treasury said in the statement.
The agencies, which have taken the lead in negotiations for the U.S. side, said that the impetus for the negotiations was
China's "long history of unfair trade practices," and U.S. negotiating positions have been consistent throughout the talks.
There have been no talks scheduled since the last round ended in May, and it remains unclear whether Trump and Chinese President Xi Jinping will meet when they both attend the G20 leaders summit later this month in Japan.