China Signs ‘Phase 1’ Trade Deal with United States

WASHINGTON, Jan 15 (Reuters) - The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world's two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted the "Phase 1" agreement as a step forward after … [Read more...]

Britain’s Royal Navy to Escort UK-Flagged Ships Through Strait of Hormuz

LONDON, Jan 4 (Reuters) - Britain's navy will accompany UK-flagged ships through the Strait of Hormuz to provide protection after the U.S. killing of Iranian military commander Qassem Soleimani inflamed tensions in the region. Britain's defense minister, Ben Wallace, ordered the HMS Montrose and HMS Defender to prepare to return to escort duties in the major oil shipping … [Read more...]

Navy Proposal Throws Wrench in Trump’s Pledge for a 355-Ship Fleet

By Tony Capaccio (Bloomberg) --The White House budget office is pressing the Navy to stick to a campaign pledge by Donald Trump to work toward fielding a fleet of more than 350 ships after its initial proposal for the next fiscal year fell short. The Navy proposal called for a 287-ship fleet by fiscal year 2025 -- the last year of a potential second Trump administration, … [Read more...]

U.S. Top Trade Negotiator Praises Deal, China Remains Cautious

By David Lawder and Kevin Yao WASHINGTON/BEIJING, Dec 16 (Reuters) - U.S. President Donald Trump's top trade negotiator praised a "phase one" U.S.-China trade deal which is expected to nearly double U.S. exports to China over the next two years, while China remained cautious ahead of the signing of the agreement. U.S. Trade Representative Robert Lighthizer, speaking on CBS' … [Read more...]

China Denies U.S. Navy Ships from Hong Kong Port Visits

BEIJING, Dec 2 (Reuters) - China on Monday banned U.S. military ships and aircraft from visiting Hong Kong and slapped sanctions on several U.S. non-government organizations for allegedly encouraging anti-government protesters in the city to commit violent acts. The measures were a response to U.S. legislation passed last week supporting the protests which have rocked the … [Read more...]