US wants China to be a customer, not to retaliate

Washington: Agriculture Secretary Sonny Perdue wants China to be a customer of American farm products, even after Washington hiked tariffs on more than $200 billion (Dh734 billion) in Chinese goods, and said retaliation by Beijing would prompt the US to boost support to its farmers. “Our biggest goal will be for China not to retaliate […]

Unilever considers $1b bid for skincare brand

New York: Consumer goods giant Unilever is considering a $1 billion (Dh3.67 billion) offer for US skincare brand Drunk Elephant, the Sunday Telegraph reported, without saying where it got the information. Drunk Elephant, founded in 2012 by Texan mother-of-four Tiffany Masterson and which makes skincare products with natural, non-toxic ingredients, hired investment banks in January […]

China says US trade talks have not broken down

Beijing: China’s top trade negotiator said on Friday in Washington that trade talks with the US would continue in Beijing following two days of negotiations and a US tariff hike. Speaking to reporters in Washington on Friday, Vice Premier Liu He for the first time gave details on where the negotiations stood following two days of […]