Economic policy

In this Tuesday, Dec. 3, 2019, photo, visitors look at the ship models exhibited by the China State Shipbuilding Corporation (CSSC) during the Marintec China exhibition in Shanghai, China. China's government promised Monday, Dec. 23, 2019, to open its oil, telecom and power markets wider to private competitors as the ruling Communist Party tries to shore up growth in the slowing, state-dominated economy. (Chinatopix via AP)
SKY News
December 23, 2019 - 8:12 am
BEIJING (AP) — China said Monday it will reduce tariffs Jan. 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development. The announcement followed an interim trade agreement with Washington in a tariff war that has...
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Sen. Rob Portman, R-Ohio, left, talks with Senate Majority Leader Mitch McConnell of Ky., Thursday, Dec. 19, 2019, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
SKY News
December 19, 2019 - 5:27 pm
WASHINGTON (AP) — The Senate passed a $1.4 trillion government spending package Thursday in a last bipartisan burst of legislating before bolting for the holidays from a Capitol riven by impeachment. Lawmakers cleared the two-bill package in a set of votes, sending it to President Donald Trump in...
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U.S. Trade Representative Robert Lighthizer speaks during an event to sign an update to the North American Free Trade Agreement, at the national palace in Mexico City, Tuesday, Dec. 10. 2019. (AP Photo/Marco Ugarte)
SKY News
December 19, 2019 - 4:25 pm
WASHINGTON (AP) — One day after its historic impeachment votes, the Democratic-led House gave President Donald Trump an overwhelming bipartisan victory Thursday on a renegotiated trade agreement with Canada and Mexico. By a 385-41 vote, the House approved a bill that puts in place terms of the...
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The U.S. Capitol in Washington is shrouded in mist, Friday night, Dec. 13, 2019. This coming week’s virtually certain House impeachment of President Donald Trump will underscore how Democrats and Republicans have morphed into fiercely divided camps since lawmakers impeached President Bill Clinton.(AP Photo/J. Scott Applewhite)
SKY News
December 17, 2019 - 8:14 pm
WASHINGTON (AP) — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government spending package, handing President Donald Trump a victory on his U.S.-Mexico border fence while giving Democrats spending increases across a swath of domestic programs. The hard-fought legislation...
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FILE - In this Nov. 20, 2019, file photo workers assemble Apple products at an Apple manufacturing plant in Austin, Texas. On Tuesday, Dec. 17, the Federal Reserve reports on U.S. industrial production for November. (AP Photo/ Evan Vucci, File)
SKY News
December 17, 2019 - 9:20 am
WASHINGTON (AP) — U.S. industrial production snapped back last month, posting the biggest gain in more than two years, boosted by the end of a strike at General Motors. The Federal Reserve said Tuesday that industrial production — which includes output at factories, mines and utilities — rose 1.1%...
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FILE - In this April 25, 2018, file photo, attendees visit the Ford booth during Auto China 2018 show held in Beijing, China. China’s government says it will postpone planned punitive tariffs on U.S.-made automobiles and other goods following an interim trade deal with Washington. Sunday, Dec. 15, 2019’s announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut in half penalties that already were imposed. (AP Photo/Ng Han Guan, File)
SKY News
December 15, 2019 - 3:56 am
BEIJING (AP) — China’s government says it will postpone planned punitive tariffs on U.S.-made automobiles and other goods following an interim trade deal with Washington. Sunday’s announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut...
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Shoppers at a retail district pass by an American lingerie company Victoria's Secrets store in Beijing on Friday, Dec. 13, 2019. China deputy trade envoy says China, U.S. have reached trade deal, will reduce punitive tariffs on each other's goods. (AP Photo/Ng Han Guan)
SKY News
December 13, 2019 - 5:46 pm
WASHINGTON (AP) — The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork to China. And American companies should face less pressure...
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FILE - In this July 22, 2019, file stacked containers wait to be loaded on to trucks at the Port of Oakland in Oakland, Calif. China's government says trade negotiators are in “close communication” with Washington ahead of a weekend deadline for a U.S. tariff hike. But a Ministry of Commerce spokesman gave no indication of possible progress in trade talks or whether Washington might postpone the increase. (AP Photo/Ben Margot, File)
SKY News
December 12, 2019 - 7:45 pm
WASHINGTON (AP) — The Trump administration and China are close to finalizing a modest trade agreement that would suspend tariffs that are set to kick in Sunday, de-escalating their 17-month trade war. A "deal is close,'' said Myron Brilliant, the U.S. Chamber of Commerce's head of international...
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House Speaker Nancy Pelosi of Calif., accompanied by Chairman of the House Ways and Means Committee Richard Neal, D-Mass., left, and other House members, speaks at a news conference to discuss the United States Mexico Canada Agreement (USMCA) trade agreement, Tuesday, Dec. 10, 2019, on Capitol Hill in Washington. (AP Photo/Andrew Harnik)
SKY News
December 11, 2019 - 1:19 pm
WASHINGTON (AP) — The Senate's top Republican issued a downbeat assessment of talks on a government spending bill Wednesday, warning that it will require a “laser focus from both parties and both chambers" to meet next week's deadline and avert a federal shutdown. Across the Capitol, House Speaker...
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House Speaker Nancy Pelosi of Calif., speaks at a news conference on Capitol Hill in Washington, Tuesday, Dec. 10, 2019, on Capitol Hill in Washington. (AP Photo/Susan Walsh)
SKY News
December 10, 2019 - 6:08 pm
WASHINGTON (AP) — House Democrats and the White House announced a deal Tuesday on a modified North American trade pact, handing President Donald Trump a major Capitol Hill win on the same day that impeachment charges were announced against him. Both sides hailed the deal as a win for American...
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