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WASHINGTON, United States (AFP) — President Donald Trump’s latest round of punitive tariffs on China took effect on Monday, adding $200 billion in Chinese imports to the escalating trade war that is clouding the global economic horizon. The new attack on Beijing brings the amount of goods hit by duties to more than $250 billion, roughly half of Chinese exports to the United States. Beijing said it would strike back with duties on $60 billion […]
HONG KONG, China (AFP) — Asian markets rose Wednesday as tit-for-tat tariffs by China and the United States were considered lighter than feared, while there are hopes the two sides can eventually hammer out a deal to avert an all-out trade war. Donald Trump on Monday said he would press ahead with 10 percent levies on another $200 billion of imports, sparking a response from Beijing to target $60 billion of US goods with five […]
TOKYO, Japan (AFP) — Japan’s sensitive trade surplus with the United States shrank sharply for the second consecutive month, according to official data published Wednesday, as Tokyo nervously eyes Washington’s trade war with China. The surplus came in at 455.8 billion yen ($4.05 billion) in August, as the rise in US aerospace, natural gas and coal imports outpaced Tokyo’s exports of pharmaceutical and construction products. US President Donald Trump has reportedly cited Japan as his […]
WASHINGTON, United States (AFP) — President Donald Trump, to the alarm of US trading partners, has kept his course of aggressive trade policy, imposing punitive tariffs on countries he accuses of cheating American workers. His trade war with China escalated on Monday to cover nearly half of all US imports from that country, is by far the largest and broadest of several fights picked by Trump. Here is a summary of the ongoing conflicts: China […]
HONG KONG, China (AFP) — Asian markets sank on Monday following reports that Donald Trump is planning to hit China with another round of tariffs, dealing a blow to hopes for talks between the two economic giants. Traders sent regional equities surging on Thursday and Friday as it emerged that Treasury Secretary Steven Mnuchin had offered to meet officials from Beijing to avert an all-out trade war. However, The Washington Post and Wall Street Journal […]
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 […]
HONG KONG, China (AFP) — Donald Trump’s latest threat to impose tariffs on all Chinese imports sent Asian markets tumbling Monday on growing fears of an all-out trade war between the world’s top two economies. The president’s comments Friday added to the uncertainty on trading floors, which have also been hit by a concerns of a brewing financial crisis in emerging markets. They also overshadowed data showing a bigger-than-forecast jump in US jobs creation for […]
OTTAWA, Canada (AFP) — A revamped continental trade deal must include a dispute resolution mechanism, Canadian Prime Minister Justin Trudeau said Tuesday, pushing back on US demands to get rid of binational panels to challenge anti-dumping and countervailing duties. “We’ve said from the very beginning that we need a dispute resolution mechanism like Chapter 19 and we will hold firm on that,” Trudeau said in Vancouver on the eve of the resumption of talks […]
HONG KONG, China (AFP) — Asian markets fluctuated on Tuesday with investors moving cautiously as they await the latest developments in Donald Trump’s trade spats with China and Canada. With US markets closed for the Labor Day holiday, there were few catalysts to drive business though dealers remain nervous after Trump said he wanted to impose fresh tariffs ion a huge swathe of Chinese goods by the end of this week. There is also growing […]
by Ben Dooley Agence France Presse BEIJING, China (AFP) — President Xi Jinping told African counterparts and business leaders Monday that China’s investments on the continent have “no political strings attached,” even as Beijing is increasingly criticized over its debt-heavy projects abroad. Xi spoke before the start of a two-day China-Africa summit that is expected to focus on his cherished Belt and Road initiative, a global trade infrastructure program. The massive scheme is aimed at […]
by Julien Girault Agence France Presse BEIJING, China (AFP) — China’s massive and expanding “Belt and Road” trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt. First announced in 2013 by President Xi Jinping, the initiative also known as the “new Silk Road” envisions the construction of railways, roads and ports across the globe, with Beijing providing billions of dollars in loans to […]
HONG KONG, China (AFP) — Asian markets sank Friday as the China-US trade row burst back into view with a report that Donald Trump wants to impose tariffs on $200 billion of goods as early as next week. After starting the week with three days of rallies — fuelled by hopes for a new Canada-US-Mexico trade pact and easing Brexit fears — investors were sent running for the hills as the row with Beijing shows […]
