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by Ryan MCMORROW BEIJING, China (AFP) — With the eyes of the world on Washington for this week’s high-stakes trade talks between China and the United States, none will be more focused than those of Chinese exporters who are increasingly worried about the impact of more tariffs. Companies shipping a range of products from seafood to furniture are among those in the firing line as the economic superpowers try to resolve a trade war that […]
HONG KONG, China (AFP) — President Donald Trump sent Asian markets plunging Monday after threatening to hike tariffs on $200 billion of Chinese goods at the end of the week in a bid to speed up stuttering trade talks between the economic superpowers. Shanghai and Hong Kong equities led big losses across the region, with the Chinese yuan also taking a battering after the president threw a spanner into the high-level negotiations, which many observers […]
by Delphine TOUITOU WASHINGTON, United States (AFP) — US and Chinese officials say a historic deal ending their ongoing trade war could be imminent, but a key question is how can Washington be sure Beijing will live up to its end of the bargain? With up to 100 Chinese officials reportedly expected next week in Washington, with the possibility of unveiling a grand agreement after months of tensions, that question is hanging over the talks. […]
by Sebastian Smith WASHINGTON, United States (AFP) — President Donald Trump on Thursday retreated from his threat to close the US-Mexican border imminently, warning he will instead impose car tariffs if the major US trading partner does not do more to stop undocumented migrants and drug smugglers. “If Mexico doesn’t give the help, that’s OK, we’re going to tariff their cars,” Trump said at the White House. “I will do it. I don’t play games.” […]
by Sebastian Smith / Douglas Gillison WASHINGTON, United States (AFP) — US President Donald Trump said Wednesday that US tariffs on Chinese imports could remain in place for a “substantial period,” dampening hopes that a new trade agreement would see them lifted soon. Top American trade negotiators are due to travel to Beijing next week for a fresh round of talks, and officials have said they were in the final stages of negotiations on resolving […]
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty. Surveys of US business and consumer sentiment continued to show economic optimism going into next year but cracks are beginning to form — in the United States and around the world — with […]
WASHINGTON, United States (AFP) — US President Donald Trump said Monday he expected to raise the punitive tariff rates on hundreds of billions in Chinese imports as scheduled next year. Just days ahead of a planned meeting with Chinese President Xi Jinping, Trump also vowed to put tariffs on all remaining imports from China if the two sides failed to reach a deal, according to The Wall Street Journal. Trump already has imposed tariffs on […]
WASHINGTON, United States (AFP) — China has pulled the plug on a US warship’s scheduled visit to Hong Kong, and scrapped plans for a top admiral to meet with his US counterpart in Washington, officials said Tuesday. The moves come as trade tensions soar between Beijing and Washington, which this week enacted new tariffs against China covering another $200 billion of its imports. The USS Wasp, an amphibious assault ship, was due to visit Hong […]
HONG KONG, China (AFP) — Asian markets were mixed Tuesday following the latest tit-for-tat tariffs in the China-US trade row, while investors are now looking ahead to the Federal Reserve’s next policy meeting. While the levees had been widely expected, there are concerns about how long the spat will go on for after China canceled planned talks between the two sides and said negotiations “cannot be carried out under the threat of tariffs”. Fresh political […]
NEW YORK, United States (AFP) — Global stocks mostly pushed higher on Wednesday as investors looked past the latest tit-for-tat tariffs by China and the United States. US President Donald Trump said he will impose 10 percent levies starting next week on another $200 billion of imports from China, prompting Beijing to target $60 billion of US goods with five to 10 percent taxes. Beijing rejected Trump’s claim that it was tailoring retaliatory tariffs goods […]
WASHINGTON, United States (AFP) — President Donald Trump, to the alarm of US trading partners, has kept his course of aggressive trade policy, imposing punitive tariffs on countries he accuses of cheating American workers. His trade war with China escalated on Monday to cover nearly half of all US imports from that country, is by far the largest and broadest of several fights picked by Trump. Here is a summary of the ongoing conflicts: China […]
HONG KONG, China (AFP) — Asian markets sank on Monday following reports that Donald Trump is planning to hit China with another round of tariffs, dealing a blow to hopes for talks between the two economic giants. Traders sent regional equities surging on Thursday and Friday as it emerged that Treasury Secretary Steven Mnuchin had offered to meet officials from Beijing to avert an all-out trade war. However, The Washington Post and Wall Street Journal […]
