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Nippon's US Steel deal needs scrutiny, says Biden campaign adviser Deese

WASHINGTON, Dec 20 (Reuters) - Brian Deese, a key player in President Joe Biden's 2024 re-election bid, said on Wednesday that Nippon Steel's proposed purchase of U.S. Steel was concerning and...

China objects to US bid for APEC to shift trade and investment principles

China is objecting to a U.S. proposal for Asia Pacific Economic Cooperation (APEC) members to incorporate sustainability and inclusivity into their trade and investment policies, a source briefed on t...

Beijing says Chinese, US commerce and trade chiefs to meet in US

China's Minister of Commerce Wang Wentao will meet U.S. Commerce Secretary Gina Raimondo and U.S. Trade Representative Katherine Tai while visiting the United States, his ministry confirmed on Thu...

Yellen to lay out U.S. economic priorities on China in Thursday speech

U.S. Treasury Secretary Janet Yellen on Thursday will lay out the Biden administration's principal objectives for the U.S.-China economic relationship in a speech in Washington, the Treasury said ...

Treasury's Yellen still hopes to visit China but offers no details on timing

U.S. Treasury Secretary Janet Yellen said on Wednesday that she still hoped to visit China but offered no details on plans or timing. A team of U.S. Treasury officials was scheduled to travel to Ch...

Yellen warns of U.S. default risk by early June, urges debt limit hike

U.S. Treasury Secretary Janet Yellen said on Friday that the United States will likely hit the $31.4 trillion statutory debt limit on Jan. 19, forcing the Treasury to launch extraordinary cash managem...

G7 coalition agrees $60 per barrel price cap for Russian oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and h...

Biden, Xi clash over Taiwan, but military action seen as unlikely

U.S. President Joe Biden said he told his Chinese counterpart Xi Jinping on Monday that the United States would enhance its security position in Asia if Beijing is unable to rein in North Korea's ...

U.S. rethinks steps on China tariffs in wake of Taiwan response: Reuters

China's war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially impose others on Beijing, setting those option...

IMF economist sees risks that inflation expectations climb upward

WASHINGTON, April 19 (Reuters) - The International Monetary Fund's new chief economist said on Tuesday he is concerned about increasing signals that inflation expectations are on the rise and may ...

Analysis: Easy Russia sanctions exhausted, U.S. and allies face economic bite

As the world's wealthy democratic powers roll out new sanctions against Russia in response to horrifying images of executed Ukrainians in the city of Bucha, it has become clear that the easiest op...

U.S. lawmakers urge USTR to expand tariff exclusions on Chinese goods

A bipartisan group of more than 140 U.S. lawmakers called on U.S. Trade Representative Katherine Tai to immediately revive and expand a tariff exclusion process on Chinese goods to help U.S. manufactu...

U.S., EU end Trump-era tariff war over steel and aluminum

WASHINGTON/ROME, Oct 30 (Reuters) - The United States and European Union have agreed to end a festering dispute over U.S. steel and aluminum tariffs imposed by former President Donald Trump in 2018, r...

U.S. Treasury's Yellen sets ambitious Europe agenda: taxes, pandemics, climate

U.S. Treasury Secretary Janet Yellen will use her third trip to Europe to push a slew of White House global economic priorities on corporate taxes, climate financing, preventing new pandemics and easi...