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WASHINGTON, United States (AFP) — US President Donald Trump said in an interview released Friday he is willing to hit all Chinese goods imported to the United States with tariffs if necessary. “I’m ready to go 500,” the Republican leader told the US network CNBC, referring to the $505.5 billion in Chinese imports accepted into the United States in 2017. “I’m not doing this for politics, I’m doing this to do the right thing […]
by Ben Dooley Agence France-Presse BEIJING, China (AFP) — The European Union called Monday on the United States, China and Russia to work together to cool worsening global trade tensions, warning that they could spiral into violent “conflict and chaos.” The comments from EU Council President Donald Tusk comes as Washington and Beijing stand on the brink of an all-out trade war many fear could hammer the global economy, while the US has also picked […]
WASHINGTON, United States (AFP) — The United States on Friday formally lifted a crippling ban on exports to China’s ZTE, rescuing the smartphone maker from the brink of collapse after it was denied key components. The US Commerce Department said it would continue to monitor the company to prevent further violations of US sanctions on Iran and North Korea. “While we lifted the ban on ZTE, the Department will remain vigilant as we closely monitor […]
BEIJING, China (AFP) – China on Wednesday said tit-for-tat tariffs will “destroy” trade between the world’s top two economies, after Washington fired the next shot in a ballooning trade war, readying fresh levies on $200 billion in Chinese goods. “The outburst of large-scale mutual levying of tariffs between China and the United States will inevitably destroy Sino-US trade,” assistant minister of commerce Li Chenggang told a forum in Beijing. US policy “actually interferes with the […]
by Dan Martin Agence France-Presse SHANGHAI, China (AFP)–Tesla unveiled plans on Tuesday to build a factory in Shanghai to dramatically increase its production capacity, with boss Elon Musk making his electric-car company’s biggest overseas move yet just as a US-China trade battle heats up. Musk said the plant, which has been in the works for a year, would eventually have an annual production capacity of 500,000 cars, and he hoped it would be “completed very soon.” […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — The United States late Tuesday announced it was starting the process to slap 10 percent tariffs on another $200 billion in Chinese export goods as soon as September, escalating the trade war between the world’s two largest economies. President Donald Trump vowed to hit back on a growing list of products after China retaliated in kind for the first round of 25 percent tariffs on […]
WASHINGTON, United States (AFP) — A US court on Friday imposed the maximum fine of $1.5 million of Chinese firm Sinovel for stealing trade secrets from an American company producing wind turbines, the Justice Department said. The decision comes on the day Washington unleashed 25 percent import tariffs on $34 billion in Chinese products to punish the country for what President Donald Trump has said is the rampant theft of American technology. After being charged […]
WASHINGTON, United States (AFP) – The United States has temporarily allowed Chinese telecoms company ZTE to resume some activities while it works to meet conditions set by Washington in a politically charged settlement reached last month. In a Federal Register notice released Tuesday, the Commerce Department gave ZTE until August 1 to continue supporting its existing US equipment and networks, lifting some restrictions put in place in April that had brought the company to the […]
by Julien Girault © Agence France-Presse BEIJING, China (AFP) — China’s government is facing a multi-front battle to defend its economy, fighting to reduce its debt mountain while the yuan and local stock markets tumble in the face of a US trade conflict. With the Trump administration preparing to roll out tariffs on some $34 billion of Chinese imports next week, the Shanghai Stock Exchange is taking a nosedive — down some eight percent in […]
by Joseph Schmid Agence France-Presse PARIS, France (AFP) – The European Union will retaliate again if US President Donald Trump imposes more tariffs on EU goods to remedy what he calls “unfair” trade relations, French Finance Minister Bruno Le Maire said Monday. The EU on Friday imposed a range of tariffs on goods worth 2.8 billion euros ($3.3 billion) in a tit-for-tat response to Trump’s decision to apply stiff tariffs on European steel and aluminium […]
by John Biers © Agence France-Presse NEW YORK, United States (AFP)–Harley-Davidson plans to shift some manufacturing of its iconic motorcycles overseas to avoid retaliatory European tariffs imposed last week, the company said Monday. The announcement comes as the 117-year old company is also buffeted by higher steel costs following tariffs enacted by US President Donald Trump, who had embraced the company as an emblematic US industrial firm in the early days of his administration. Trump on Monday […]
WASHINGTON, United States (AFP) — US Treasury Secretary Steven Mnuchin on Monday denounced media reports detailing plans to impose restrictions on Chinese investment in US companies and on tech exports to China. The reports were widely cited Monday as helping to spark a global stocks selloff, with investors increasingly gloomy about the prospects of de-escalation in the emerging US-China trade war. The White House in late May announced plans to impose steep tariffs on Chinese […]
