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US to end preferential trade status for India, Turkey

At President Donald Trump's direction, Washington intends to scrap the preferential trade status granted to India and Turkey, the US trade chief's office said Monday. The move comes as the US and China seek to negotiate an exit from a costly trade war between the two countries that is part...

Wall Street drops after weak data, trade optimism fades

Wall Street’s major indexes slumped on Monday after a weak U.S. construction spending report, as investors took advantage of optimism over a U.S.-China trade deal to lock in profits after the market’s strong run to start 2019. U.S. construction spending unexpectedly fell in December as...

US and China close to reaching major trade deal: report

The United States and China are close to reaching a major trade deal that would see both sides lower some of the tariffs imposed during an often-bitter trade war, a report said Sunday. Negotiators for the two sides have made substantial progress and a final accord is close to being hammered...