U.S. Economic News

December 3, 2019

U.S. News

The New York Times reports that President Trump has signaled he is in no rush to reach a trade deal with China, indicating that such an agreement could wait until after the 2020 election. The President’s statements cast doubt on the “phase one” agreement reached with Chinese trade officials in mid-October, in which the U.S. postponed adding new tariffs on Chinese goods while China agreed to resume purchases of U.S. agricultural products. NYT

The Wall Street Journal reports that France has announced that the European Union is prepared to retaliate should President Trump follow through on a plan to impose tariffs on French imports. The tariffs on French goods are intended as punishment for France’s new digital-services tax, which the U.S. argues unfairly targets American companies. WSJ