Completion of the Phase 1 U.S.-China trade deal and a new North American trade agreement will boost the U.S. gross domestic product (GDP) by a combined 50 to 75 basis points, U.S. Treasury Secretary Steven Mnuchin told Fox News on Wednesday.
China's pledge to buy U.S. farm goods based on "market conditions" during the Phase 1 trade deal signing ceremony on Wednesday added to doubts among farmers and commodity traders over Beijing's lingering tariffs on U.S. exports.
The Trump administration is touting the U.S.-China Phase 1 trade deal's dispute settlement and enforcement mechanism as the major difference between the 86-page agreement unveiled on Tuesday and past pledges by Beijing to change its trade practices.
He listed familiar grievances, praised and criticized his guests, and seemed to blow off some steam.
Oil prices rose on Thursday, propelled higher by the long-anticipated signing of an initial trade deal between Washington and Beijing that sets the stage for a potentially huge increase in energy supplies from the United States to China.
U.S. energy exports to China, mostly crude oil and natural gas, will climb as the world's two largest economies struck a trade agreement after a more than year-long tariff war, executives and traders said on Wednesday.
U.S. stocks pared early gains but closed at record highs on Wednesday after the United States and China signed a Phase 1 trade deal that ended 18 months of uncertainty and will roll back some tariffs and boost Chinese purchases of U.S. goods and services.
U.S. Vice President Mike Pence said on Wednesday that discussions had already begun on a "Phase 2" U.S.-China trade deal, hours after Washington and Beijing signed an initial trade pact that defused some tensions but left some major issues unresolved.
Tesla Inc's overall vehicle registrations nearly halved in the U.S. state of California during the fourth quarter, according to a Dominion Cross-Sell report, which collates data from state motor vehicle records.
World stocks inched to a record high on Thursday after the United States and China signed a deal to defuse their 18-month trade war, which has weighed on global economic growth and hampered investments.
A top Mexican official on Wednesday welcomed the signing of an initial trade deal between the United States and China, even though it could signal an end to benefits Mexico has enjoyed from an 18-month dispute between the world's top two economies.
China will boost spending on U.S. products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world's two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved.
Oil prices rose on Thursday after the signing of an initial Sino-U.S. trade deal that sets the stage for a surge in Chinese purchases of American energy products, while U.S. crude inventories fell more than expected.
Ousted Nissan Motor Co boss Carlos Ghosn's lawyer, Junichiro Hironaka, has resigned following his client's flight to Lebanon, NHK reported on Thursday, citing comments from the lawyer.
World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war, though financial markets were wary as a number of thorny issues remained unresolved.