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WASHINGTON, United States (AFP) — US President Donald Trump threatened Friday to impose a 20 percent tariff on cars imported from the European Union, after the bloc’s additional tariffs on dozens of American products took effect. “Based on the Tariffs and Trade Barriers long placed on the U.S. by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their […]
WASHINGTON, United States (AFP) — US President Donald Trump escalated a growing trade war with China by unveiling plans Monday to impose 10 percent tariffs on an additional $200 billion worth of Chinese goods. With the world’s two largest economies already engaged in a confrontation long feared by markets and industry, Trump said he was pushing forward with fresh punitive measures over Beijing’s “unacceptable” move to raise its own tariffs. “Further action must be taken to […]
BEIJING, China (AFP) — China vowed Friday to “immediately” retaliate to US tariffs as Washington moved closer to imposing duties that could trigger a trade war. “If the US side adopts unilateral protectionist measures and damages China’s interests, we will immediately react and take necessary measures to firmly safeguard our legitimate rights and interests,” said foreign ministry spokesman Geng Shuang during a regular news briefing. US President Donald Trump is due to unveil later Friday […]
by Douglas Gillison © Agence France-Presse WASHINGTON, United States (AFP) — President Donald Trump on Friday was due to unveil a final list of Chinese imports that would face punishing tariffs but it remained uncertain whether he would hold fire as part of a negotiating strategy. Imposing the tariffs would escalate the trade confrontation with Beijing, and potentially set off a round of tit-for-tat retaliation, which economists warn would damage the global economy. The deadline […]
by Simon Morgan with Delphine Touitou Agence France Presse The world’s largest economies stood on the brink of all-out trade war as the EU, Canada and Mexico drew up retaliatory measures to Washington’s stinging steel and aluminium tariffs that came into effect on Friday. Washington angered its major allies by slapping duties of 25 percent and 10 percent on imports of aluminium and steel. The measures had actually been decided back in March, but […]
WASHINGTON, United States (AFP) — US Treasury Secretary Steven Mnuchin confirmed Sunday that Washington and Beijing have agreed to back off from imposing tariffs on each other, a day after reaching an accord on slashing the American trade deficit with China. “We have made very meaningful progress and we agreed on a framework,” Mnuchin told Fox News Sunday. “So right now we have agreed to put the tariffs on hold while we try to execute […]
by Laurent Thomet with Douglas Gillison in Washington Agence France Presse BEIJING, China (AFP) — China warned the United States on Friday that it was “not afraid of a trade war” as it threatened tariffs on $3 billion worth of US goods in retaliation over President Donald Trump’s moves against Chinese imports. Beijing unveiled a hit list of products that could face duties of up to 25 percent, from fresh fruit to pork and wine, […]
HONG KONG, China (AFP) — Asian markets plunged Friday following a sell-off in New York as Donald Trump sparked fresh trade war fears by imposing huge tariffs on Chinese imports and Beijing unveiled its own measures against US goods. The president announced levies on up to $60 billion of imports from China for what he describes as the “theft” of American intellectual property, fuelling speculation that a strong recovery in the world economy could be […]
by Douglas Gillison Agence France Presse WASHINGTON, United States (AFP) — US President Donald Trump on Thursday hit China with tariffs on up to $60 billion of imports to retaliate against the “theft” of American intellectual property, ratcheting up trade tensions between the world’s two largest economies. The move was swiftly denounced by Beijing, which vowed to “fight to the end” if the United States persisted in the confrontation. The latest trade action sent stocks […]
NEW YORK, United States (AFP) — The US subsidiary of South Korea’s LG Electronics warned retailers on Wednesday that it will raise prices of its washing machines following import duties imposed by the Trump administration this week. It was the first concrete reaction to the trade measures announced this week that have angered US trading partners. “As a result of the trade situation, we will be initiating pricing actions,” Thomas Yoon, executive vice president of […]
