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by Ryan McMorrow Agence France Presse BEIJING, China (AFP) — A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump’s tariffs: remove the “Made in China” label by shifting production to countries such as Vietnam, Serbia and Mexico. The world’s two largest economies have been locked in a months-long trade fight after Trump imposed 25 percent customs duties on $50 billion worth of Chinese goods this summer, triggering […]
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 […]
(AFP)- China has offered to buy $70 billion worth of US goods if Washington drops plans to impose tariffs in return, an official in President Donald Trump’s administration told AFP on Wednesday, confirming an earlier report. Top Chinese economic advisor Liu He made the offer during weekend trade talks in Beijing with a US delegation led by Commerce Secretary Wilbur Ross, The Wall Street Journal reported Tuesday. The new purchases would include soybeans, natural gas, crude […]
BEIJING, China (AFP) — China and the US ended the second day of high-stakes trade talks Friday with “big differences”, Beijing said, leaving the world’s two largest economies on the brink of a trade war that could have knock-on effects on the global economy. The talks were aimed at forestalling momentum towards the looming conflict, with both sides prepared to pull the trigger on tariffs that could affect trade in billions of dollars of goods. […]
by Andrew Beatty Agence France Presse WASHINGTON, United States (AFP) — US President Donald Trump barreled through warnings of a damaging trade war with China Thursday, vowing an additional $100 billion in tit-for-tat tariffs on Beijing. Having already asked for $50 billion worth of Chinese goods to be punitively taxed, Trump responded to Beijing’s countermeasures by doubling down. “Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers,” Trump said in […]
by Delphine TOUITOU Agence France Presse WASHINGTON, United States (AFP) — The temperature is rising between the United States and China but the simmering confrontation has not yet boiled over into a trade war since the tit-for-tat countermeasures so far have been confined to a few specific products. Beijing on Monday imposed tariffs on 128 American goods, retaliating for President Donald Trump’s decision last month to slap import duties of 25 percent on steel and […]
WASHINGTON, United States (AFP) — President Donald Trump on Tuesday spoke with European leaders about working together to counter China’s alleged unfair trade practices, the White House said. The move comes as Washington and the European Union are at loggerheads over Trump’s decision earlier this month to slap steep tariffs on steel and aluminum imports. Trump and German Chancellor Angela Merkel “discussed joining forces to counter China’s unfair economic practices and illegal acquisition of intellectual […]
by Alex PIGMAN Agence France-Presse BRUSSELS, Belgium – The EU on Monday said Europe would not waver against trade “bullies” as a row with US President Donald Trump over controversial steel and aluminium tariffs deepened. The jab from Brussels came after the US tycoon singled out Europe in the surging trade dispute, threatening to tax German cars if the European Union doesn’t lower barriers to US products. European Trade Commissioner Cecilia Malmstroem said that in some places, […]
by Andrew Beatty and Margaret Donaldson Agence France-Presse WASHINGTON, United States – US President Donald Trump on Thursday slapped deeply contentious trade tariffs on foreign steel and aluminum, swatting aside warnings of a global trade war and protests from allies in Europe and at home. The tariffs of 25 percent on imported steel and 10 percent on aluminum will come into effect in 15 days, the White House said. They will not apply to Canada and Mexico […]
by Michael Mathes Agence France-Presse WASHINGTON, United States – Congressional Republicans occasionally confront Donald Trump on issues from immigration to diplomacy, but it is rare for them to bluntly oppose the US president on economic policy. That changed when he proposed tariffs on steel imports. Trump’s successes of 2017 — slashing regulations on US industry, hard-won tax cuts and soaring consumer confidence — won plaudits among conservatives like House Speaker Paul Ryan. But Trump’s aggressive plan to punish trade […]
HONG KONG, China (AFP) — Steel and aluminum producers across Asia sank Friday on news of Donald Trump’s controversial tariffs, though some analysts said the long-term effects on the sector might not be as bad as thought. The president said Thursday he would slap levies of 25 percent on steel and 10 percent on aluminum imports, delivering an election campaign promise to put “America First” and protect US jobs from what he claims are […]
