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By Beiyi SEOW, Danny KEMP WASHINGTON, May 14, 2024 (AFP) – US President Joe Biden took aim at China on Tuesday, saying Beijing is “cheating” rather than competing on trade as Washington unveiled steep tariff hikes on Chinese imports like electric vehicles and semiconductors. The move — which drew strong opposition from Beijing — comes as Biden gears up for a rerun of his 2020 contest with Republican rival Donald Trump in November’s election, with […]
by Heather SCOTT WASHINGTON, United States (AFP) — US trade negotiators want to make “meaningful progress” in upcoming talks with China, Treasury Secretary Steven Mnuchin said Thursday, one day after conciliatory gestures by both sides boosted hopes of an eventual resolution. Mnuchin said on CNBC he is “cautiously optimistic” about chances for a deal to resolve the conflict, but Washington and Beijing will first hold talks at the deputy level to ensure senior officials who […]
by John BIERS NEW YORK, United States (AFP) — Earlier US tariffs enacted in President Donald Trump’s trade war with China has dealt only a glancing blow to consumers, but those announced Thursday are different. “This hits consumers straight on,” Steve Pasierb, president of the Toy Association, said in an interview. “This is the finished products. It’s not raw materials.” The tariffs, a 10 percent levy on $300 billion in Chinese goods that Trump said […]
HONG KONG, China (AFP) — Markets extended the previous day’s gains in Asia on Tuesday, with investors turning their attention back to the China-US trade row and a planned meeting between the countries’ leaders later this month. Donald Trump’s decision to drop threatened tariffs on Mexico after a last-minute immigration deal last week sparked relief across trading floors and led to hope that the row with Beijing could also end with some sort of agreement. […]
HONG KONG, China (AFP) — Asian markets rose Friday, tracking gains on Wall Street following a report that the United States could delay its plan to hit Mexico with tariffs. The threats against Mexico have intensified anxiety among investors, who were already rattled by the seemingly endless US-China trade war. But US stocks enjoyed a bounce Thursday after Bloomberg News reported that Washington could push back its plan to impose tariffs on Mexico on June […]
by Jim MANNION WASHINGTON, United States (AFP) — Donald Trump stepped up his attacks on Mexico over immigration on Sunday as a top aide warned that the US president is “deadly serious” about imposing tariffs on imports from the southern neighbor. The attacks came despite efforts at conciliation by Mexico’s President Andres Manuel Lopez Obrador, who said Sunday that “the president of Mexico wants to keep being a friend of President Donald Trump; but above […]
HONG KONG, China (AFP) — Asian stocks edged down Friday, despite modest gains on Wall Street overnight, as US President Donald Trump’s sudden announcement of tariffs on all Mexican imports saw Tokyo shares drop. Trump’s Twitter announcement of a five percent tariff on all goods from Mexico starting June 10 sent shares in automakers with plants in the North American country falling sharply. Trump said the duties would gradually increase until “illegal migrants” stop coming […]
WASHINGTON, United States (AFP) — Washington will impose a five percent tariff on all goods from Mexico starting June 10, a measure that will last until “illegal migrants” stop coming through the country into the US, President Donald Trump said Thursday. “On June 10th, the United States will impose a 5% Tariff on all goods coming into our Country from Mexico, until such time as illegal migrants coming through Mexico, and into our Country, STOP,” […]
WASHINGTON, United States (AFP) — Adidas, Nike and PUMA on Tuesday urged US President Donald Trump to prevent the shoe industry from falling victim to the trade war with China, saying new tariffs could be “catastrophic.” In a letter to Trump, those big name manufacturers joined forces with more than 170 other American shoe manufacturers and retailers calling for footwear to be exempted from a new round of punitive tariffs on $300 billion in Chinese […]
by Poornima WEERASEKARA BEIJING, China (AFP) — China said Monday it will raise tariffs on $60 billion worth of US goods from June 1, in retaliation for the latest round of US tariff hikes and Washington’s plans to target almost all Chinese imports. The announcement came after the latest round of US-China trade negotiations ended Friday without a deal, and after Washington increased tariffs on $200 billion worth of Chinese products. US President Donald Trump […]
WAHINGTON, United States (AFP) — President Donald Trump on Monday warned China not to retaliate after Washington raised punitive duties on $200 billion worth of Chinese imports to 25 percent from 10 percent. “China should not retaliate-will only get worse!” Trump wrote in a flurry of tweets on trade. The tariffs were imposed on Friday after two days of talks to resolve the US-China trade battle ended with no deal, however negotiations will continue. Trump […]
by Douglas Gillison with Ryan McMorrow in Beijing WASHINGTON, United States (AFP) — US and Chinese officials returned to the bargaining table late Thursday amid a sudden flare-up in hostilities, while President Donald Trump held out hopes of salvaging a trade deal. The Chinese delegation, including Vice Premier Liu He, was greeted by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. With punishing US tariffs on hundreds of billions in Chinese merchandise due […]
