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TOKYO, Japan (AFP) — Japan’s politically sensitive trade surplus with the US edged down in March, government data showed Wednesday, as the two countries’ leaders held talks over the thorny issue of bilateral trade. Japan logged a surplus in March of 623.1 billion yen ($5.9 billion) with the US, down 0.2 percent, as imports of American-made cars and aircraft climbed, according to the finance ministry data. The fresh data comes as Japanese Prime Minister Shinzo […]
GENEVA, Switzerland (AFP) — The European Union on Monday followed China in complaining to the World Trade Organization (WTO) over US tariffs on steel and aluminium imports. “Having a substantial interest as an exporter in this case, the European Union requests consultations with the United States” to agree “safeguards,” the EU said in a statement published on the world trade body’s website. US President Donald Trump sparked fears of a trade war in March when […]
WASHINGTON, United States (AFP) — President Donald Trump said Thursday the US could re-enter the Trans-Pacific Partnership if it could get a “better” deal. The decision would mark an abrupt about-face for a president who had campaigned against the deal and swiftly withdrew from it after taking office last year. “Would only join TPP if the deal were substantially better than the deal offered to Pres. Obama,” he wrote in a late night tweet. “We […]
by Douglas Gillison and Ryan McMorrow in Beijing © Agence France-Presse WASHINGTON, United States (AFP) — President Donald Trump on Tuesday praised the “kind words” from Chinese leader Xi Jinping and pledged “great progress” in the looming trade dispute between the world’s largest economies. Still, the White House also admonished China to take concrete action on US complaints about unfair trade practices. Xi earlier Tuesday pledged to open Chinese markets and lower tariffs, remarks that […]
WASHINGTON, United States (AFP) — US President Donald Trump on Sunday said he sees an end to the escalating trade dispute with China, after tit-for-tat retaliatory tariffs and threats that rattled markets. “China will take down its trade barriers because it is the right thing to do,” Trump said in a tweet. “Taxes will become reciprocal & deal will be made on Intellectual Property. Great future for both countries!” He added that he and China’s […]
by Andrew Beatty Agence France Presse WASHINGTON, United States (AFP) — US President Donald Trump barreled through warnings of a damaging trade war with China Thursday, vowing an additional $100 billion in tit-for-tat tariffs on Beijing. Having already asked for $50 billion worth of Chinese goods to be punitively taxed, Trump responded to Beijing’s countermeasures by doubling down. “Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers,” Trump said in […]
WASHINGTON, United States (AFP) — The United States on Thursday approved a contract to sell Saudi Arabia 180 self-propelled artillery systems for $1.31 billion, in the latest stage of perhaps the world’s biggest arms deal. When US President Donald Trump visited Riyadh last year he boasted that the desert kingdom would spend $110 billion on US equipment and the howitzer contract is one more step towards that goal. Saudi Arabia’s de facto ruler, Crown Prince […]
by Douglas Gillison © Agence France-Presse WASHINGTON, United States (AFP) — The escalating confrontation between Washington and Beijing inched closer to all-out trade war on Wednesday after China threatened retaliation against key US exports. Beijing unveiled plans for painful import duties targeting politically-sensitive US exports, including soybeans, aircraft and autos, to retaliate against looming US tariffs on more than 1,000 Chinese goods. Wall Street opened sharply lower but investors apparently later decided their fears might […]
by Delphine TOUITOU Agence France Presse WASHINGTON, United States (AFP) — The temperature is rising between the United States and China but the simmering confrontation has not yet boiled over into a trade war since the tit-for-tat countermeasures so far have been confined to a few specific products. Beijing on Monday imposed tariffs on 128 American goods, retaliating for President Donald Trump’s decision last month to slap import duties of 25 percent on steel and […]
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 […]
WASHINGTON, United States (AFP) — President Donald Trump on Tuesday spoke with European leaders about working together to counter China’s alleged unfair trade practices, the White House said. The move comes as Washington and the European Union are at loggerheads over Trump’s decision earlier this month to slap steep tariffs on steel and aluminum imports. Trump and German Chancellor Angela Merkel “discussed joining forces to counter China’s unfair economic practices and illegal acquisition of intellectual […]
(Eagle News) – Finance Secretary Carlos Dominguez III has ordered Bureau of Customs officials (BoC) to “set up data arrangements” with three more of the country’s top trading partners in a bid to curb smuggling. In a statement on Monday, the Department of Finance said Dominguez made the directive for the BoC to establish the system with South Korea, Japan, and the United States during a recent executive meeting. The Finance chief said that in particular, […]
