Irobiko Chimezie

UK threatens to boycott trade negotiations with EU

Britain laid out its opening demands for upcomingtrade talks with the European Union on Thursday,including a blunt threat to walk away from the negotiating table if there is no progress within four months. The two sides appear headed for a rocky first round of negotiations as they try to forge a new relationship following the … Continue reading UK threatens to boycott trade negotiations with EU

Trump approves business deals between U.S. companies and Huawei

During a press conference at the G20 summit in Osaka, Japan on Saturday, U.S. President Donald Trump affirmed that U.S. companies are allowed to continue selling products to Chinese technology giant Huawei after an effective ban in May. "The U.S. companies can sell their equipment to Huawei... there's no great, national emergency problem," Trump said. Meanwhile, … Continue reading Trump approves business deals between U.S. companies and Huawei

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

Any hope for the US-China trade war?

    Kevin Hassett, chairman of the White House's Council of Economic Advisers, was similarly upbeat about Trump's threat on the pending US-China trade talks. Talking on Fox Business Network on Thursday, Hassett revealed that Lighthizer and Chinese Vice Premier Liu He drafted “sketches of an agreement on intellectual property theft and trade ... that … Continue reading Any hope for the US-China trade war?

Trade talks between China and the US to continue in Beijing

China and the U.S. will hold high-level trade talks from February 14-15 in Beijing, according to MOFCOM. The two sides, led by Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, will have a further discussion based on negotiation made in late January in Washington, the MOFCOM statement said. … Continue reading Trade talks between China and the US to continue in Beijing

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 unwritten agreement between Xi Jinping and Kim Jong Un

  North Korean leader Kim Jong Un pledged during his two-day visit to Beijing to achieve “results” that would be welcomed by the international community after his potential next summit with U.S. President Donald Trump, China’s state-run media said Thursday. In a meeting with Chinese President Xi Jinping on Tuesday, Kim also repeated that North … Continue reading The unwritten agreement between Xi Jinping and Kim Jong Un