Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
BEIJING, China (AFP) — China’s top economic official Liu He spoke by phone with US Treasury Secretary Steven Mnuchin on Saturday and “agreed to continue to communicate” on trade issues, the official Xinhua news agency said. The call came at a time of heightened tensions after US President Donald Trump on Thursday authorized tariffs on as much as $60 billion of Chinese imports, targeting sectors in which Washington says Beijing has stolen American technology. Liu He, […]
by Laurent Thomet with Douglas Gillison in Washington Agence France Presse BEIJING, China (AFP) — China warned the United States on Friday that it was “not afraid of a trade war” as it threatened tariffs on $3 billion worth of US goods in retaliation over President Donald Trump’s moves against Chinese imports. Beijing unveiled a hit list of products that could face duties of up to 25 percent, from fresh fruit to pork and wine, […]
by Douglas Gillison Agence France Presse WASHINGTON, United States (AFP) — US President Donald Trump on Thursday hit China with tariffs on up to $60 billion of imports to retaliate against the “theft” of American intellectual property, ratcheting up trade tensions between the world’s two largest economies. The move was swiftly denounced by Beijing, which vowed to “fight to the end” if the United States persisted in the confrontation. The latest trade action sent stocks […]
BEIJING, China (AFP) — China warned on Thursday that it was ready to retaliate as US President Donald Trump prepared to announce sanctions against Beijing for the “theft” of intellectual property. “China will not sit idly by and let its legitimate rights and interests be harmed, and will certainly take all necessary measures to resolutely defend its legitimate rights and interests,” the commerce ministry said in a statement. © Agence France-Presse
WASHINGTON, United States (AFP) — President Donald Trump is poised to unveil sanctions against China for the “theft” of US intellectual property Thursday, a White House official said, teeing up a second potential trade war in as many months. Spokesman Raj Shah told AFP that Trump will announce actions following an “investigation into China’s state-led, market-distorting efforts to force, pressure, and steal US technologies and intellectual property.” Beijing has already warned the Trump administration against the move, urging […]
by Juliette Michel © Agence France-Presse NEW YORK, United States (AFP) — Boosted by surging output, the United States is becoming a significant exporter of crude oil, a shift that is remaking American infrastructure and altering the global petroleum market. Now pumping more than 10 million barrels per day, the US has become the second biggest oil producer in the world behind Russia and ahead of Saudi Arabia. The bounty is the result of the […]
by Alex Pigman Agence France-Presse WASHINGTON, United States (AFP) — President Donald Trump renewed his demand Saturday that the European Union halts its trade barriers to US products in order to spare his allies new steel and aluminum tariffs. The American president made his comments after crunch talks in Brussels between EU negotiators and US Trade Representative Robert Lighthizer in an effort to defuse a bitter row that many fear could turn into an all-out trade […]
by Alex Pigman © Agence France-Presse BRUSSELS, Belgium (AFP) — The EU and Japan held crunch talks with their US counterparts in Brussels on Saturday hoping to get “clarity” on President Donald Trump’s controversial new steel and aluminium tariffs. Trump’s announcement of duties of 25 percent on imported steel and 10 percent on aluminium has stung the European Union and triggered warnings of an all-out international trade war. Brussels has prepared a list of US products […]
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 […]
HONG KONG, China (AFP) — Steel and aluminum producers across Asia sank Friday on news of Donald Trump’s controversial tariffs, though some analysts said the long-term effects on the sector might not be as bad as thought. The president said Thursday he would slap levies of 25 percent on steel and 10 percent on aluminum imports, delivering an election campaign promise to put “America First” and protect US jobs from what he claims are […]
SAN SALVADOR, El Salvador (AFP) — Five Central American nations are to sign a free trade deal with South Korea on Wednesday after more than two years of talks to ease tariffs and barriers on a range of products, El Salvador’s government announced. Costa Rica, El Salvador, Honduras, Nicaragua and Panama will seal the pact with the Asian country, sending their economy ministers to the signing ceremony. Six Central American countries had been involved in the negotiations, […]
WASHINGTON, United States (AFP) — US President Donald Trump threatened retaliatory action against two major Asian trading partners Tuesday, warning of sanctions against China while vowing to revise or scrap a free trade deal with South Korea. Accusing Beijing of decimating American steel and aluminum industries, Trump said he was “considering all options,” including tariffs and quotas. Trump recently received two Commerce Department reports concerning alleged Chinese subsidies for steel and aluminum exports — materials […]
