Japan, U.S. reach framework trade pact, no U.S. concessions seen – Nikkei

Japan, U.S. reach framework trade pact, no U.S. concessions seen – Nikkei
TOKYO (Reuters) – The United States and Japan have reached the broad framework of a trade agreement, Japan’s Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles. FILE PHOTO: Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for the Trans-Pacific Partnership (TPP) trade... Read More

Japan, U.S. made ‘big progress’ in trade talks: Japanese minister

Japan, U.S. made ‘big progress’ in trade talks: Japanese minister
WASHINGTON (Reuters) – The United States and Japan have made “big progress” in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on Friday. FILE PHOTO: Japan’s Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for the Trans-Pacific Partnership (TPP) trade deal, in Santiago, Chile... Read More

Japan, U.S. reach framework trade pact, no tariff cuts on Japan cars: Nikkei

Japan, U.S. reach framework trade pact, no tariff cuts on Japan cars: Nikkei
TOKYO (Reuters) – The United States and Japan have reached the broad framework of a trade agreement, with Washington maintaining tariffs on Japanese autos but Tokyo cutting tariffs on U.S. beef and pork, Japan’s Nikkei business daily said on Saturday. U.S. Trade Representative Robert Lighthizer and Economy Minister Toshimitsu Motegi reached the deal on Friday in Washington, and it will... Read More

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world’s two largest economies. FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August... Read More

Stocks tumble, yen rallies as U.S. and China escalate trade war

Stocks tumble, yen rallies as U.S. and China escalate trade war
NEW YORK (Reuters) – Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing’s retaliatory tariffs on American goods. Traders work on the floor of the New York Stock Exchange shortly after the closing bell in New York, U.S., August 23,... Read More

General Dynamics wins $1.1 billion U.S. defense contract: Pentagon

General Dynamics wins $1.1 billion U.S. defense contract: Pentagon
FILE PHOTO: A General Dynamics NASSCO ship yard entrance is shown in San Diego, California, U.S., June 17, 2019. REUTERS/Mike Blake WASHINGTON (Reuters) – General Dynamics Corp (GD.N) has been awarded a $1.1 billion contract for expeditionary sea base ships, the Pentagon said on Friday. The vessels are partially submersible logistics platforms for large-scale naval operations. Reporting by Mohammad Zargham;... Read More

Pentagon awards Lockheed $2.4 billion contract for F-35 spare parts

Pentagon awards Lockheed $2.4 billion contract for F-35 spare parts
FILE PHOTO: Lockheed Martin’s logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon WASHINGTON (Reuters) – Lockheed Martin (LMT.N) has been awarded a $2.4 billion contract for spare parts for F-35 joint strike fighters purchased by the Air Force, Navy and Marine Corps as well as foreign militaries, the Pentagon said on... Read More