Despite escalating trade threats between the United States and China, Goldman Sachs CEO Lloyd Blankfein says the two countries will avoid mutually-assured destruction.
Ross says the deal includes a $1 billion penalty against ZTE and a U.S.-chosen compliance team to be embedded at the Chinese telecom giant.
Billionaire Cooperman also says the United States needs a more moderate president than Trump.
"It's not a trade war. We can fix this, but we're going to need the help of our friends," White House economic advisor Larry Kudlow says.
David O'Sullivan, the EU's ambassador to the U.S., said retaliatory tariffs against the U.S. should take effect in the next few weeks.
President Trump is using tariffs to bolster trade leverage — and it's working, says former Office Depot CEO.
The U.S. military could be caught in the crosshairs following President Donald Trump's move to slap tariffs on some of the nation's closest allies.
The U.S. commerce secretary called out the European Union on Wednesday for opposing trade negotiations at a time when China was willing to hold talks.
A U.S. delegation to China negotiating the yawning trade gap between the world's two largest economies is just starting just a long and protracted process with any concrete outcomes unlikely, experts said on Friday.
The tariffs impose penalties of 25 percent on steel imports and 10 percent on aluminum imports.