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(Eagle News) — The Philippines’ recent construction work on Thitu Island (Pag-asa Island) has provoked a “paramilitary response” on the part of China, which has claims on the same as well, an American think-tank said in a recent report. In its report published on Feb. 6, the Asia Maritime Transparency Initiative said China deployed a “large fleet of ships from Subi Reef, just over 12 nautical miles southwest” off the island after satellite imagery from […]
WASHINGTON, United States (AFP) — Washington on Tuesday said Beijing continued to foster the theft of American technological know-how, with officials there exacerbating matters in recent months. The renewed accusations from President Donald Trump’s administration come as markets grow pessimistic that the world’s two largest economies can resolve their burgeoning trade war any time soon. In an update to a report issued in March, the Office of US Trade Representative Robert Lighthizer said Tuesday that […]
by Heather Scott with Ryan McMorrow in Beijing Agence France Presse WASHINGTON, United States (AFP) — Donald Trump’s threatened tariffs on another $200 billion of Chinese imports took effect on Monday, escalating a trade war between the world’s top two economies that is clouding the global outlookM The latest volley against Beijing brings the amount of goods hit by duties to more than $250 billion, covering roughly half of Chinese exports to the United States, […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — Negotiations between the United States and Mexico to revise the nearly 25-year-old North American Free Trade agreement are making progress but will not be concluded this week, Mexico’s Economy Minister Ildefonso Guajardo said Thursday. But a Chinese delegation, in Washington for talks aimed at defusing the spiraling US trade war with Beijing, left without any breakthrough. NAFTA and China have been two key targets of US President […]
(Eagle News) — The Philippines and the entire Association of Southeast Asian Nations are “nuclear-free” zones. Presidential Spokesperson Harry Roque reiterated this on Thursday, Aug. 23, after a US Defense Department’s annual report said China may add a “nuclear element” to the dispute in the South China Sea. According to Roque, the ASEAN also had a treaty that specified that the entire region was a “nuclear-free” area. “The important point to underscore is we have a nuclear-free […]
by Heather Scott Agence France Presse WASHINGTON, United States (AFP) — US and Chinese trade negotiators on Wednesday opened talks aimed at averting further confrontations, with a new round of tariffs about to hit, and the Federal Reserve warning that escalation poses a serious economic risk. These are the first formal discussions with China since June on the spiraling and multifaceted trade war between the world’s two largest economies. Meanwhile, US and Mexican officials […]
WASHINGTON, United States (AFP) — The first round of President Donald Trump’s punitive tariffs on China will hit the full $50 billion in goods starting August 23, the government announced Tuesday. Washington already imposed 25 percent tariffs on $34 billion in Chinese products on July 6. But it held off on a final $16 billion as a result of concerns raised by US companies. Although the move was expected, it cements the view that there appears to […]
WASHINGTON, United States (AFP) – The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, US officials said Wednesday. President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 percent from the planned 10 percent, USTR Robert Lighthizer said. “We have been very clear about the specific changes China […]
by Barnaby Chesterman Agence France Presse BUENOS AIRES, Argentina (AFP) — Group of 20 members pleaded on Sunday for increased dialogue to defuse escalating trade tensions that could hit global economic growth hard. Finance ministers and central bankers from 20 leading economies closed a two-day meeting in Buenos Aires warning that “heightened trade and geopolitical tensions” threaten the economic expansion. It comes at a time when US President Donald Trump’s protectionist policies have provoked […]
WASHINGTON, United States (AFP) — US President Donald Trump said in an interview released Friday he is willing to hit all Chinese goods imported to the United States with tariffs if necessary. “I’m ready to go 500,” the Republican leader told the US network CNBC, referring to the $505.5 billion in Chinese imports accepted into the United States in 2017. “I’m not doing this for politics, I’m doing this to do the right thing […]
BEIJING, China (AFP) – China on Wednesday said tit-for-tat tariffs will “destroy” trade between the world’s top two economies, after Washington fired the next shot in a ballooning trade war, readying fresh levies on $200 billion in Chinese goods. “The outburst of large-scale mutual levying of tariffs between China and the United States will inevitably destroy Sino-US trade,” assistant minister of commerce Li Chenggang told a forum in Beijing. US policy “actually interferes with the […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — The United States late Tuesday announced it was starting the process to slap 10 percent tariffs on another $200 billion in Chinese export goods as soon as September, escalating the trade war between the world’s two largest economies. President Donald Trump vowed to hit back on a growing list of products after China retaliated in kind for the first round of 25 percent tariffs on […]
