U.S. Delays Some China Tariffs Until Stores Stock Up for Holidays

WASHINGTON — President Trump on Tuesday unexpectedly put off new tariffs on many Chinese goods, including cellphones, laptop computers and toys, until after the start of the Christmas shopping season, acknowledging the effect that his protracted trade war with Beijing could have on Americans. Mr. Trump pushed a 10 percent tariff on some imports to Dec. 15, and excluded others from it entirely, while facing mounting pressure from businesses and consumer groups over the harm they say the trade conflict is doing. The stock market soared after the announcement, following…

China’s Currency Moves Escalate Trade War, Rattling Markets

Zippy Duvall, the president of the American Farm Bureau Federation, called the announcement “a body blow to thousands of farmers and ranchers who are already struggling to get by.” American exports to China fell $1.3 billion during the first half of the year, and American farmers now stand to lose all of what was a $9.1 billion market in 2018, Mr. Duvall said. That had fallen from a $19.5 billion market in 2017, before the trade war began. The escalating trade war already threatens to end what had looked to…

The U.S. Labeled China a Currency Manipulator. Here’s What It Means

Until recently, that is. On Monday, Chinese officials let the renminbi fall to the lowest level in over a decade. On Tuesday, they set the exchange rate at a level that was weaker than Monday but nonetheless stronger than most analysts had expected. So what happens to China if the label sticks? Mainly, China must negotiate how to make its currency more fairly valued with the United States and the International Monetary Fund, which governs the few international guidelines that have been established on currency. Since the I.M.F. just determined…

U.S. and China Resume Trade Talks Amid Dim Prospects for Deal

WASHINGTON — Trade talks between the United States and China resumed on Monday with prospects dimming for a transformative deal, as both sides appeared more focused on preventing tensions from escalating before the 2020 presidential election than on making concessions. Negotiators from both countries are continuing to press for an agreement, but months of meetings have so failed to yield consensus on the most difficult issues and there is little to suggest that a compromise is within reach. Instead, the United States and China appear to be trying to find…

A New Red Scare Is Reshaping Washington

“This is the defining event of our time, and 100 years from now, this is what they’re going to remember us for,” he said. The committee’s two earliest iterations, in the 1950s and again in the 1970s, called for an arms buildup to counter the Soviets. The second iteration, formed over a luncheon table at Washington’s Metropolitan Club in 1976, issued documents warning against Soviet expansionism, with titles like “Is America Becoming Number 2?” The group reached the height of its influence during the Reagan administration, in which dozens of…