Tag: us tariff

Tokyo stocks open flat as US tariff deadline nears

TOKYO, Japan (AFP) — Tokyo stocks opened flat on Wednesday as investors waited for news on China-US trade talks, less than a week before Washington is due to impose fresh tariffs on Chinese goods. The benchmark Nikkei 225 index was up just 0.07 percent or 16.46 points at 23,426.65 in early trade, while the broader Topix index was down 0.05 percent or 0.80 points at 1,719.97. “Japanese shares are seen range-bound, with eyes on US-China […]

Asian investors shift cautiously, autos hit by US tariff threat

HONG KONG, China (AFP) — Asian markets mostly rose Thursday but traders remain concerned about the China-US trade deal and Donald Trump’s summit with Kim Jong Un, while automakers were hit by news Washington was considering huge tariffs on vehicle imports. Investors went into selling mode despite minutes from the Federal Reserve’s latest policy meeting that showed the central bank was less hawkish on interest rates than previously thought. The selling is a far cry […]

US delays metals tariffs on EU, Canada, Mexico for 30 days: W. House

WASHINGTON, United States (AFP) — US President Donald Trump opted Monday to hold fire on imposing steel and aluminum tariffs on the European Union, Canada, and Mexico for 30 days, the White House announced — offering key allies a reprieve during ongoing negotiations. Washington has also reached a deal with South Korea on steel imports, and “agreements in principle” with Argentina, Australia, and Brazil, “the details of which will be finalized shortly,” the White House […]

China vows to respond to US tariffs with ‘necessary measures’

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

Trump vows to keep steel tariffs on Mexico, Canada without ‘fair’ NAFTA deal

by Heather SCOTT Agence France-Presse WASHINGTON, UNITED STATES – US President Donald Trump vowed Monday he will not back down on imposing steep tariffs on steel and aluminum on Canada and Mexico unless he gets a “fair” deal to revamp the North American Free Trade Agreement. He also criticized the European Union for the trade barriers on US companies and repeated his threat to slap tariffs on European car imports if Brussels retaliates against the steel tariffs. Speaking […]