Category: Trucking News

Talks end with China warning trade benefits at risk if U.S. imposes tariffs

Talks end with China warning trade benefits at risk if U.S. imposes tariffs

China warned the United States on Sunday that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing. A short statement, carried by the official Xinhua news agency, made no mention of any specific new agreements after U.S. Commerce Secretary Wilbur Ross met Chinese Vice Premier Liu He. It referred instead to a consensus they reached last month in Washington, when China agreed to increase significantly its purchases of U.S. goods and services.


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China warns US trade deals off if tariffs go ahead

China warns US trade deals off if tariffs go ahead

China warned Sunday after another round of talks on a sprawling trade dispute with Washington that any deals they produce "will not take effect" if President Donald Trump's threatened tariff hike on Chinese goods goes ahead. The warning came after delegations led by U.S. Commerce Secretary Wilbur Ross and China's top economic official, Vice Premier Liu He, wrapped up a meeting on Beijing's pledge to narrow its trade surplus. Ross said at the start of the event they had discussed specific American exports China might purchase, but the talks ended with no joint statement and neither side released details.


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American Airlines warns of fare increases if oil remains high

American Airlines warns of fare increases if oil remains high

By Victoria Bryan SYDNEY (Reuters) - American Airlines warned airline passengers may eventually face higher ticket prices if oil prices remain high, prompting carriers to remove seats from the market. Oil prices have risen around 50 percent compared to the levels seen last year and that is putting pressure on airline profits. "If it becomes clear this is the new normal you would see over time less capacity and growth in the industry and therefore higher prices, but I don't think that's going to happen in the near term," CEO Doug Parker told reporters on the sidelines of the annual IATA meeting of airline executives in Sydney.


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