trade deal

‘Victorian-era’ postal treaty incentivizes Chinese imports

Despite being the world’s second largest economy, China is still classified as a developing country. This means its receiving the same subsidized shipping rates as Cuba and Botswana. This has created a huge competitive disadvantage for many small businesses in the U.S. One America’s John Hines has more from Washington.

Treasury Secy Mnuchin: Pres. Trump to meet with Pres. Xi this month

Trade Secretary Steven Mnuchin says China is ready to come back to the table and resume negotiations. Speaking from a summit of finance ministers in Japan Saturday, Mnuchin said President Trump and Chinese President Xi Jinping are planning to meet at a G-20 summit at the end of this month. The meeting is expected to put trade negotiations back on track, after talks broke down about a month ago amid tariff threats from both sides.