China they have agreed to return to the negotiating table next month in washington. That news has the market pointing up. Will there be a breakthrough to end the stalemate . Edward lawrence live at the white house with the very latest. Reporter reading the crystal ball, the last phone call was 23 days ago. They said they would set a meeting between the primary level, that timeline a little bit delayed. The call happened thursday nine cheese time. On the call it set a meeting for early october. Leading that call there, are the four people on the screen there. U. S. Trade representative, the treasury secretary, the chinese vice premier and Chinese Commerce minister. In a statement from the u. S. Trade representatives office, theyre saying deputy level meetings take place midseptember to lay ground work for meaningful progress. The statement says, the primary level meeting will happen at some point in a few weeks. The chinese statement though said that those meetings would happen in early
The United States. And Federal Reserve chairman Jerome Powell also drawing the ire of the president today, failing to respond to chinas retaliatory tariffs, leaving the president to wonder if powell or chinese president xi jinping were the big earnmy bigger enemy. For the latest, we turn to edward lawrence. Federal reserve chairman powell says the fed will act as appropriate to sustain economic expansion. Having said that, trade uncertainty has come to the forefront here at jackson hole. A good part of the speech today focused how theres no precedent to integrate trade uncertainty into monetary policy. The speech laid the groundwork for a rate cut in september, pointing to global shocks, like whats happening in hong kong, germany, china, the economy slowing down and brexit. The speech did not indicate a long series of rate cuts and that set off the president on twitter. It started with the president saying we have a strong dollar and a weak fed. He ended up asking who is the bigger ene
Our country has lost stupidly, trillions of dollars with china over many years, theyve stolen our intellectual property at a rate of hundreds of billions of dollars a year and they want to continue and i wont let that happen. We dont need china, and frankly , would be far better off without them. The vast amounts of money made and stolen by china from the u. S. Year after year for decades will and must stop. Our Great American companies are hereby ordered to immediately start looking for an alternative to china, including bringing your Companies Home and making your products in the usa. I will be responding to chinas tariffs this afternoon. This is a great opportunity for the United States. Also, i am ordering all carriers , including fedex, amazon, ups, and the post office , to search for and refusal deliveries, of fentanyl from china, or anywhere else. Fentanyl kills 100,000 americans a year. President xi said this would stop. It didnt. Our economy because of our gains in the last tw
The United States. And Federal Reserve chairman Jerome Powell also drawing the ire of the president today, failing to respond to chinas retaliatory tariffs, leaving the president to wonder if powell or chinese president xi jinping were the big earnmy bigger enemy. For the latest, we turn to edward lawrence. Federal reserve chairman powell says the fed will act as appropriate to sustain economic expansion. Having said that, trade uncertainty has come to the forefront here at jackson hole. A good part of the speech today focused how theres no precedent to integrate trade uncertainty into monetary policy. The speech laid the groundwork for a rate cut in september, pointing to global shocks, like whats happening in hong kong, germany, china, the economy slowing down and brexit. The speech did not indicate a long series of rate cuts and that set off the president on twitter. It started with the president saying we have a strong dollar and a weak fed. He ended up asking who is the bigger ene
The United States. And Federal Reserve chairman Jerome Powell also drawing the ire of the president today, failing to respond to chinas retaliatory tariffs, leaving the president to wonder if powell or chinese president xi jinping were the big earnmy bigger enemy. For the latest, we turn to edward lawrence. Federal reserve chairman powell says the fed will act as appropriate to sustain economic expansion. Having said that, trade uncertainty has come to the forefront here at jackson hole. A good part of the speech today focused how theres no precedent to integrate trade uncertainty into monetary policy. The speech laid the groundwork for a rate cut in september, pointing to global shocks, like whats happening in hong kong, germany, china, the economy slowing down and brexit. The speech did not indicate a long series of rate cuts and that set off the president on twitter. It started with the president saying we have a strong dollar and a weak fed. He ended up asking who is the bigger ene