Trade war
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China’s Vice Premier Liu He told an economic conference in Hamburg on Tuesday that protectionist and unilateral approaches to trade will only deepen economic uncertainty, and that no country can emerge as a winner in a trade war. Image: Liu He “We believe that protectionist and unilateral approaches do not offer solutions to problems…
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There are expectations that this week’s meeting between US President Donald Trump and Chinese President Xi Jinping at the G20 in Argentina will achieve results although business leaders and analysts are pessimistic in consideration of the increasing tensions. The high-stakes encounter between the two leaders in Buenos Aires was hailed as a last-ditch opportunity…
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Jim Cramer of CNBC is so passionate about Apple Inc’s stocks that, sometimes, especially in light of the recent slide in the U.S. stock market, he knows it’s worth getting a second opinion. Image: Jim Cramer On Tuesday, Cramer got technician Carolyn Boroden’s take and, after inspecting Apple’s charts, Boroden, who runs FibonacciQueen.com and is Cramer’s colleague…
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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…
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Trade talks between China and the US resumed this week, with China saying on Friday that the meetings were “constructive” even though tariffs have continued to be levied with no breakthrough yet in sight. China’s Ministry of Commerce said on Friday that it had held “constructive meetings” with US officials after talks resumed between the…
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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.…
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The Trump administration announced Tuesday that it will go ahead with imposing 25 percent tariffs on an additional $16 billion in Chinese imports. Customs officials will begin collecting the border tax 23 August, the Office of the U.S. Trade Representative said. The list is heavy on industrial products such as steam turbines and iron girders.…
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U.S. car maker Ford Motor Co said on Thursday it has no plans currently to hike retail prices of its imported Ford and Lincoln models in China, despite steep additional tariffs on imported U.S. vehicles set to come into play on Friday. The firm, which has been facing sluggish sales in the world’s largest auto…
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President Donald Trump and the Democrats can’t agree on anything, except one big thing: China. After Trump’s administration announced plans on June 15 to impose tariffs on $50 billion of Chinese imports, Charles Schumer, the Democrats’ Senate leader, called the decision “on the money.” That was a startling statement on a startling fact: China has few friends left…
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Treasury Secretary Stephen Mnuchin told Fox News on Sunday that the U.S.-China trade war is “on hold” while “we try to execute the framework” for a larger deal between the two countries. Following multiple days of meetings between Chinese and U.S. trade representatives in Washington this week, the two countries issued a joint statement on Saturday that appeared optimistic…
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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…
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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…
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The Chinese government warns Donald Trump’s administration against taking bilateral trade relations to ‘a dangerous place,’ and has unveiled its own levies on $3bn worth of US imports. President Xi Jinping, through a statement released on Friday by his commerce ministry, said that China hopes the US will pull back “from the brink,” reiterating in clear terms…
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Donald Trump attracted criticisms last Thursday after going public with his plans to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, but despite some intense reactions from prominent EU officials, the US government appears unfazed. Image: Donald Trump Amid the ensuing “trade war” which will most likely affect…
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