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BEIJING, China (AFP) — China said Tuesday it would “take countermeasures” after US President Donald Trump announced new tariffs on $200 billion of Chinese imports taking effect next week. “In order to safeguard its legitimate rights and interests and the global free trade order, China has no choice but to take countermeasures in lockstep,” the commerce ministry said in the statement, which did not mention a previous threat to add tariffs on $60 billion in […]
NEW YORK, United States (AFP) — Stock markets were uneasy and the dollar fell Monday as investors girded for another round of US tariffs imposed on Chinese goods. Traders had late last week welcomed US Treasury Secretary Steven Mnuchin’s offer to meet officials from Beijing to avert an all-out trade war. But US President Donald Trump seemed set to ratchet up pressure on China, saying an announcement was imminent, and promising action that will produce […]
TOKYO, Japan (AFP) — Tokyo stocks opened flat on Monday with investors sitting on the sidelines as US-China trade war fears ramped up and the yen appreciated. The benchmark Nikkei 225 index inched up 0.03 percent, or 6.88 points, to 22,532.06 in early trade while the broader Topix index was up 0.02 percent, or 0.35 points, at 1,742.93. “Rallies on US and European markets on Friday could lead to buying in early trade but there […]
by Douglas Gillison / with Ryan MCMORROW in Beijing Agence France-Presse WASHINGTON, United States – China on Friday struck back against US President Donald Trump’s trade offensive, intensifying the expanding and unpredictable dispute between the world’s two largest economies. Late Friday, China announced it was expanding its existing complaint against the United States at the World Trade Organization, hours after the countries slapped tit-for-tat tariffs on billions of dollars of cross-border trade. Beijing called the […]
TOKYO, Japan (AFP) — Tokyo stocks opened flat on Monday with worries over a US-China trade war partly offset by optimism about the US economy. The benchmark Nikkei 225 index edged up just 0.20 points to 22,517.03 in early trade, while the broader Topix index was down 0.11 percent or 1.95 points at 1,742.88. Falls in Japanese shares come after world stock markets mostly climbed Friday despite rising trade tensions, with the Dow snapping an […]
HONG KONG, China (AFP) — Asian equities mostly rose Wednesday but investors struggled to sustain any meaningful recovery after the previous day’s battering, with the shadow of a potentially damaging China-US trade war hanging over markets. Shanghai and Hong Kong took the brunt of the sell-off Tuesday after Beijing warned it would retaliate in kind to Donald Trump’s threat of tariffs on hundreds of billions of dollars worth of Chinese goods amounting to a large […]
HONG KONG, China (AFP) — Fresh fears of a trade war between the world’s top two economies sent most Asian markets tumbling on Monday after the United States and China imposed tit-for-tat tariffs on billions of dollars of imports. Energy firms were among the biggest losers as oil prices plunged ahead of a key OPEC meeting, where Saudi Arabia and Russia are expected to lift a two-year-old production cap. Donald Trump’s decision to hit China […]
by Jacques LEMIEUX Agence France-Presse OTTAWA, Canada – Canadian politicians of all stripes rallied round their prime minister on Monday after his cautious and polite defense of free trade rules drew an extraordinary personal rebuke from US President Donald Trump. The United States is Canada’s single biggest trade partner, with two-way exchanges of goods and services totalling $673.9 billion in 2017, and Washington enjoys a $8.4 billion surplus. Nevertheless, Trump appears determined to up-end the […]
HONG KONG, China (AFP) — Asian markets rallied Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war. After high-level talks in Washington, the two economic superpowers revealed a deal had been hammered out, ending months of tension that have sent financial markets into a frenzy. Treasury Secretary Steven Mnuchin told Fox News on Sunday “right now we have […]
NEW YORK, United States (AFP) — Stock markets across the world sprang higher Tuesday following a conciliatory speech by Chinese President Xi Jinping that reassured investors a trade war with the United States could be avoided. Following boosts to stock market indices across Asia and Europe, US benchmarks also shot higher, with the Dow finishing up nearly two percent. Xi pledged to lower tariffs on auto imports this year and take other steps to open […]
HONG KONG, China (AFP) — Asian stocks dropped sharply at the open Tuesday, following Wall Street lower as fears of a trade war between the United States and China battered market sentiment. Tokyo led the declines, with the benchmark Nikkei 225 index shedding 1.51 percent in early trade. China followed suit, with the main Shanghai Composite Index falling 1.05 percent. Seoul was down more than half a percentage point and Hong Kong was off one […]
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 […]
