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BEIJING, China (AFP) — China on Friday said it will further open the country’s financial markets to foreign firms, a key demand from the United States and Europe which have long complained about the strict limits on access to the giant economy. The announcement came after Donald Trump’s state visit to Beijing during which the US leader called for a more level playing field for American companies and measures to reduce a massive trade […]
BEIJING, China (AFP) — China and the United States announced more than $250 billion in business deals during US President Donald Trump’s state visit to Beijing on Thursday. The deals range from billions in Chinese soybean and aircraft imports to major projects like the development and export of liquified natural gas from Alaska. The signing of more than a dozen deals did little to quiet Trump’s complaints about China’s “unfair” trade practices. President Xi Jinping acknowledged there has […]
TOKYO, Japan (AFP) — President Donald Trump lashed out Monday at the US trade relationship with Japan, saying it was “not fair and open”, as he prepared for formal talks with his Japanese counterpart. “We want fair and open trade but right now our trade with Japan is not fair and open,” Trump told business leaders in Tokyo. “The US has suffered massive trade deficits with Japan for many, many years. So we will have […]
WASHINGTON, United States (AFP) — The United States will once again vote against an annual UN resolution condemning its embargo against Cuba, one year after it abstained for the first time in a quarter of a century. State Department spokeswoman Heather Nauert told reporters that US Ambassador Nikki Haley would oppose the measure when Cuba brings it before the General Assembly on Wednesday. “We’ve historically voted against that resolution. Last year, the US abstained,” Nauert said, looking […]
(Eagle News) — A complaint has been filed against a high-ranking Social Security System official after he allegedly traded stocks for his personal portfolio by using his position and the same stockbrokers who manage the SSS portfolio. A report written by Daxim Lucas published in the Inquirer on Oct. 31 said apart from Rizaldy Capulong, the fund’s executive vice president for investments, Reginald Candelaria, equities investment division chief; Ernesto Francisco Jr., head of the equities […]
by Joshua Howat Berger Agence France-Presse MEXICO CITY, Mexico (AFP) — The leaders of Canada and Mexico stuck to their upbeat view on the future of the North American Free Trade Agreement on Thursday, despite US President Donald Trump’s threats to axe it. Visiting Mexico on the heels of a tense trip to Washington, Canadian Prime Minister Justin Trudeau downplayed Trump’s attacks on NAFTA as part and parcel of the negotiations on updating the 23-year-old accord. “We […]
by Heather Scott Agence France Presse WASHINGTON, United States (AFP) — The sanctions that President Donald Trump is poised to slap on China for stealing intellectual property from United States firms should earn broad support, allowing him to rebuild a power base in Congress sapped by the recent battle over health care. The administration is expected very soon to announce actions against China for failing to protect industrial and trade secrets of US companies, a […]
BEIJING, China (AFP) — China said Monday the United States should not link trade to discussions about North Korea’s nuclear program, after President Donald Trump accused Beijing of failing to restrain Pyongyang despite profiting from business with America. “We believe that the North Korea nuclear issue and China-US trade are two issues that are in two completely different domains,” Vice Minister of Commerce Qian Keming told a press briefing, adding the issues “are not related, […]
BEIJING, China (AFP) — China’s first-half trade with North Korea rose 10.5 percent year-on-year, Chinese officials said Thursday, as the United States urges Beijing to apply economic pressure on its neighbor. Customs administration spokesman Huang Songping said exports to the hermit nation rose 29.1 percent in the first six months of the year, although imports were down 13.2 percent. © Agence France-Presse
BEIJING, China (Reuters) — Newly appointed United States Ambassador to China Terry Branstad said on Wednesday (June 28) there is a need to work together with China on some pressing issues, such as North Korea and expanding trade. Branstad also told reporters in Beijing that the US would like to see Chinese dissident and Nobel Peace Prize laureate Liu Xiaobo, who has late-stage liver cancer, receive treatment elsewhere if that would help. A former Iowa […]
MEXICO CITY, Mexico (Reuters) – Hundreds of Chinese companies have descended on Mexico City for an expo that seeks to promote trade ties with Latin America’s No.2 economy amidst uncertainty over the future of the North American Free Trade Agreement. The “China Homelife Mexico” expo is the biggest expo of Chinese goods in the world, featuring state-of-the-art technology and electronics that originate from the Asian superpower. The expo has already been done in Brazil and […]
WASHINGTON, United States (AFP) – Reagan-era trade attorney Robert Lighthizer was easily confirmed Thursday as President Donald Trump’s United States trade representative, bringing a tough protectionist approach to national policy. The Senate confirmed Lighthizer by a vote of 82 to 14, with broad bipartisan support. The 69-year-old is returning to familiar territory, having served as deputy US trade representative in the 1980s under president Ronald Reagan. Much of Trump’s trade agenda has been on […]
