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by Ryan Mcmorrow BEIJING, China (AFP) — Export-reliant Chinese companies are slashing prices, moving production abroad, creating new domestic markets and even rebranding goods as they try to survive the escalating trade war with the United States. Factories along the eastern coast, fish processors in the south, apple juice exporters in central China and farmers in the northeast have all been forced to change their business models since US President Donald Trump launched the […]
(Eagle News)—-President Rodrigo Duterte on Friday, Sept. 7, blamed the high inflation rate on the tariffs imposed by US President Donald Trump on select products. In a speech before the Filipino community, Duterte clarified, however, that he was “not apologizing.” He said the government was “trying to control it.” Also on Friday, the Department of Finance released a list of measures it said would be implemented to arrest inflation, which the Philippine Statistics Authority pegged at […]
by Michel Comte © Agence France-Presse OTTAWA, Canada (AFP) — Canada hit back at steep US tariffs on aluminum and steel on Thursday, announcing retaliatory duties on up to Can$16.6 billion (US$12.8 billion) in American imports. Prime Minister Justin Trudeau told a news conference the US tariffs were “totally unacceptable.” “These tariffs are an affront to the long standing security partnership between Canada and the United States, and in particular, an affront to the […]
by Heather Scott © Agence France-Presse WASHINGTON, United States (AFP) — Trade tensions between the United States and China, which threaten to spill over into the global economy, are dominating a gathering of world finance officials even as the Group of 20 avoided the topic on Friday. Official after official has called for disputes to be resolved through dialogue rather than unilateral tariffs, and warned about the threat to the economic recovery. French Economy […]
BEIJING, China (AFP) — China on Monday imposed new tariffs on 128 US imports worth $3 billion, including fruits and pork, in retaliation to US duties on steel and aluminium, fuelling fears of a trade war. Beijing’s move, which the Xinhua news agency said was decided by the custom tariffs commission of the State Council, follows weeks of heated rhetoric and threats between the world’s two biggest economies. President Donald Trump has repeatedly railed against China’s […]
by Douglas Gillison Agence France-Presse WASHINGTON, United States (AFP) — President Donald Trump begins 2018 making good on his aggressive “America First” trade agenda, with China as a primary target. As he prepares to mingle this week with global leaders at the World Economic Forum in Davos, Switzerland, a traditional cheerleader of free trade, Trump has again ruffled feathers from Beijing to Berlin after imposing steep tariffs on imported washing machines and solar panels. And major decisions […]
