Li Chenggang

U.S. stock futures climbed Sunday evening following a significant breakthrough in the trade negotiations between the United States and China during the ASEAN summit over the weekend. The deal framework reached by both sides helps avert the looming 100% additional tariff threat announced by...

In a major breakthrough, top economic officials from the U.S. and China have drafted a trade deal, which is expected to be finalized by President Donald Trump and Chinese President Xi Jinping. The agreement is set to halt the escalation of 100 percent tariffs and Chinese rare earths export...

The United States and China have reached a long-awaited trade agreement, following two days of high-level discussions in London this week. What Happened: On Tuesday, representatives from both sides said that they’ve reached an agreement to implement the provisions of the Geneva trade...

Economists have been predicting that retailers in the U.S. are likely to face pressure in the case of higher tariffs on China, as it is likely to “empty shelves” with a falling inventory-to-sales ratio. What Happened: According to Torsten Slok, the chief economist at Apollo Academy, the...