US postpones next tariff hike after talks

The US has agreed to suspend its next tariff hike on Chinese imports after two days of trade talks in Washington.   US President Donald Trump said negotiators had reached a “phase one deal” that would include increased agricultural purchases and address financial services and technology theft.   China’s top…

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WTO warns on effects of trade wars

The World Trade Organization has slashed its forecast for trade growth this year by more than half, warning the slowdown could hit living standards and jobs. The WTO said it expected trade volumes to grow by just 1.2% in 2019, down from the 2.6% it predicted in April. It also…

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US unemployment rate falls to 50-year low

The US unemployment rate has fallen to a 50-year low, possibly easing recession worries after recent weak economic data. The Labor Department figures showed that the rate fell to 3.5% in September from 3.7%, with the economy adding 136,000 jobs last month. In addition, August data was revised up to…

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