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HONG KONG, China (AFP) — A wave of optimism flowed across Asian markets on Tuesday, tracking a surge on Wall Street, as fears of a US-China trade war receded. Speculation that Kim Jong Un was on a surprise, secret visit to Beijing also lifted spirits — and the South Korean won — as the North Korean leader prepares for possible nuclear talks with Donald Trump. The gains on all markets chipped away at the sharp […]
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 […]
SYDNEY, Australia (AFP) — Australia’s central bank chief Wednesday slammed Donald Trump’s decision to levy steel tariffs as “bad policy” and warned of “a very big shock” to the global economy if it sparks retaliation. The US president plans to impose a 25 percent tax on imported steel and 10 percent on aluminium in a move that has raised fears of a trade war. It led to the White House’s top economic advisor, Gary Cohn, […]
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 […]
by Heather SCOTT Agence France-Presse WASHINGTON, UNITED STATES – US President Donald Trump vowed Monday he will not back down on imposing steep tariffs on steel and aluminum on Canada and Mexico unless he gets a “fair” deal to revamp the North American Free Trade Agreement. He also criticized the European Union for the trade barriers on US companies and repeated his threat to slap tariffs on European car imports if Brussels retaliates against the steel tariffs. Speaking […]
by Julien Girault Agence France Presse China warned Sunday that it was ready to hit back if the United States damaged its economic interests, fueling fears of a trade war after President Donald Trump unveiled tariffs on steel and aluminium. Trump’s announcement on Thursday sparked a flurry of counter-threats from other nations. But Washington’s main trade rival had avoided any overt warnings of potential retaliation until now. “China doesn’t want a trade war with the […]
By Patrick Baert BEIJING, China (AFP) — Chinese Premier Li Keqiang on Wednesday warned the United States against starting a trade war while expressing optimism that the world’s two largest economies could keep relations steady despite Donald Trump-era frictions. “We don’t want to see any trade war breaking out between the two countries. That wouldn’t make our trade fairer,” Li told reporters at a press conference closing China’s annual parliamentary session. “No matter what bumps […]
