China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods

China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods
FILE PHOTO: Containers are seen at the Yangshan Deep Water Port in Shanghai, China August 6, 2019. REUTERS/Aly Song SHANGHAI (Reuters) – China has suspended the planned additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council’s customs tariff commission said on Sunday, after the two countries agreed a “phase one” trade... Read More

California governor rejects PG&E bankruptcy reorganization plan

California governor rejects PG&E bankruptcy reorganization plan
(Reuters) – California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp (PCG.N), the state’s largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law. The decision by Newsom, sent to PG&E in a letter, complicates the company’s push to exit bankruptcy and provide billions of dollars to... Read More

Mexico objects to labor enforcement provision in North American trade deal

Mexico objects to labor enforcement provision in North American trade deal
MEXICO CITY (Reuters) – Mexico’s deputy foreign minister, Jesus Seade, said on Saturday he sent a letter to the top U.S. trade official expressing surprise and concern over a labor enforcement provision proposed by a U.S. congressional committee in the new North American trade deal. FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus Seade, reacts during the delivery... Read More