The Obama administration is engaged in preliminary talks with the European Union and China to settle a dispute over trade in solar-energy equipment and avoid a conflict among the world’s largest economies, according to people familiar with the discussions.
The European Union warned China of possible tariffs on mobile-telecommunications equipment unless the government in Beijing curbs exports, the latest EU salvo against Chinese threats to manufacturers in Europe.
The European Union complained at the World Trade Organization that U.S. anti-dumping duties on imports of stainless-steel sheet and strip in coils produced by ThyssenKrupp AG in Italy are based on a mathematical mistake.
Chinese equities traded in New York slumped, pushing the benchmark index to an 11-week low, on concern moves by central banks to limit stimulus globally will stifle a recovery in the world’s second-largest economy.
Proceeds from the sequel to Mario Puzo’s novel “The Godfather” published last week will be put in escrow while Paramount Pictures and the late novelist’s estate pursue litigation over the publishing rights.