Over 500 U.S. companies beg Trump on trade war with China

More than 600 American firms including the world's largest retailer Walmart jointly wrote to Trump administration on Thursday for a prompt settlement on China-U.S. trade disputes, concerning tariffs will hurt U.S. companies and consumers. "We remain concerned about the escalation of tit-for-tat tariffs,” the letter said, “broadly applied tariffs are not an effective tool to … Continue reading Over 500 U.S. companies beg Trump on trade war with China

Trump’s tip on Mexican tariffs crumbles Asian stocks

Asian stocks were mostly lower on Thursday as traders kept a close watch on impending U.S. tariffs on Mexico while trade talks with Beijing remained at a standstill. Japan's Nikkei 225 index was almost flat at 20,774.04 and the Shanghai Composite index lost 1% to 2,831.75. The benchmark in Shenzhen, a smaller, more domestic-oriented market, … Continue reading Trump’s tip on Mexican tariffs crumbles Asian stocks

War of words as U.S.-China trade talks end in stalemate

Hours after US President Donald Trump said he expects a trade deal to be reached with China soon, America’s top trade negotiator refuted those claims, saying no progress has been made on key structural issues with Beijing. Republican US Senator Chuck Grassley relayed his conversation with United States Trade Representative Robert Lighthizer to the press on Tuesday. … Continue reading War of words as U.S.-China trade talks end in stalemate

The U.S.-China trade war: No victor, no vanquished

  China is reportedly confused by the Trump administration's version of what happened in Buenos Aires. After the key meeting between President Donald Trump and Chinese President Xi Jinping, officials from Beijing are "puzzled and irritated" by the Trump administration's behavior, The Washington Post reported Tuesday, citing a former U.S. government official who has been in contact with … Continue reading The U.S.-China trade war: No victor, no vanquished

Trump slaps China with tariffs valued at $200 billion

    The U.S. will impose a 10 percent duty on $200 billion more of Chinese goods starting Sept. 24 and raise it to 25 percent at the beginning of 2019, President Donald Trump announced today. Trump said the announcement comes after an investigation found that China "is engaged in numerous unfair policies and practices … Continue reading Trump slaps China with tariffs valued at $200 billion

‘Make your products in the US instead of China,’ Trump tells Apple

  Apple Chief Executive Tim Cook speaks to President Trump at an American Technology Council roundtable at the White House in 2017. Photo source: Alex Brandon / Associated Press Trump's increasing aggression toward China and his strong desires for increases in tariffs have many companies worried. In a public letter to the government, Apple highlighted … Continue reading ‘Make your products in the US instead of China,’ Trump tells Apple

China extends Trade War to the U.S., EU and Singapore

China on Friday announced that it would levy anti-dumping tariffs on imported synthetic rubber from the US, the European Union (EU) and Singapore. The introduced tariffs on halogenated butyl rubber imports, including rubber from Exxon Mobil and other US companies, would range from 23.1% to 75.5% as from 20 August, China’s Ministry of Commerce said. … Continue reading China extends Trade War to the U.S., EU and Singapore

Why Trump is increasing tariffs on Turkey

President Trump's announcement Friday morning that he has authorized the doubling of tariffs on steel and aluminium imports coming from Turkey came in a tweet that noted, "Our relations with Turkey are not good at this time!" He did not offer an explanation for the tariff hike, which raises the tariffs to 20 percent on aluminium and … Continue reading Why Trump is increasing tariffs on Turkey

Xi and Trump rubbing palms amid trade war

President Trump on Tuesday thanked Chinese President Xi Jinping for his “kind words” about lowering auto import tariffs, amid heightened economic tensions between the two countries. Image: Xi Jinping and Donald Trump “Very thankful for President Xi of China’s kind words on tariffs and automobile barriers...also, his enlightenment on intellectual property and technology transfers. We will make great … Continue reading Xi and Trump rubbing palms amid trade war

China ‘fights dirty’ with the US, approves tariffs on 125 products

The trade war between China and America is far from ending, with latest reports in the media confirming that President Xi Jinping's government has increased tariffs by up to 25 percent on a total of 128 products from the U.S. Products such as wine, frozen pork and certain fruits and nuts were listed among the … Continue reading China ‘fights dirty’ with the US, approves tariffs on 125 products