US and Chinese trade negotiators will resume talks in Washington in early October, Beijing said Thursday, after new punitive tariffs raised fears of a breakdown in the protracted negotiations. The world’s two biggest economies have been embroiled in a tense year-long trade war, which escalated further on September 1 when both sides implemented fresh levies. […]
The Chinese Commerce Ministry said on Monday that it has launched a case against the United States with the World Trade Organization (WTO) over US import duties. The move follows the latest round of Washington’s tariffs introduced on Chinese imports by the Trump administration on Sunday. The US began imposing 15 percent tariffs on a […]
Washington is exploring new ways to target Beijing as it runs out of goods to tax in the ongoing trade war, and century-old Chinese bonds could become a weapon, analysts have told RT. On Sunday, the latest tit-for-tat tariffs came into force. The US slapped a wide range of Chinese goods with 15 percent tariffs, […]
The Dow Jones Industrial Average took a dive of more than 600 points on Friday, hours after US President Donald Trump ordered US companies to move their operations away from China,Trendreports citingSputnik . The Dow closed by 623.34 points, the S&P 500 by 75.84 points and NASDAQ plummeted by 239.62 points. Hours before Friday’s closing […]
The President of the European Council, Donald Tusk Saturday called on the leaders of the world’s seven most advanced economies in the world, G7, to heal the rift on Iran and find a common position. “The rejection of the nuclear deal with Iran by the US hasn’t brought about any positive results, and the divisions […]
The day before, China decided to impose 10 percent and 5 percent tariffs on $75 billion worth of imported American goods, while US President Donald Trump responded by saying that the US would increase tariffs against China even more,Trendreports citingSputnik . The UK risks being drawn into a global trade war amid the US-China row, […]
Security, trade tensions, fighting inequalities and climate challenges will be key issues of the three-day G7 summit that will start on Saturday evening in Biarritz, in southern France, President Emmanuel Macron said in a televised speech,Trendreports citingXinhua . “This meeting is useful, important (…) otherwise we would have to divide among ourselves,” said Macron, adding […]
Major Asia Pacific markets rose by the close on Friday, as investors looked ahead to an important speech from U.S. Federal Reserve Chairman Jerome Powell later in the day. In Tokyo, the Nikkei 225 index gained 82.9 points, or 0.4%, to end the week at 20,710.91 Elsewhere, the Japanese yen traded at 106.64 versus the […]
Australia’s prime minister yesterday urged nations in Asia to stand up for their ‘independence and sovereignty, with tensions high in the disputed South China Sea where Beijing is under fire for increasingly bullish behaviour. Scott Morrison’s comments came after the United States slammed China for its ‘escalation in the waterway, a key global shipping route […]
The Chinese Ministry of Commerce says that its new tariffs will be applied to more than 5,000 U.S. products in two phases. The first stage would come into effect on September 1 and the second one on December 15. China announced that it will impose additional tariffs worth 75,000 million dollars on imported products from the United […]
French winegrowers are on tenterhooks as they wait to see whether Donald Trump will follow through with his repeated threats to raise tariffs on French wine in retaliation for the new GAFA tax. As the leaders of the world’s richest countries gather for the G7 opening Saturday, winegrowers in host nation France fear they will […]
Global stock markets rose on Friday as investors put economic growth fears and trade jitters to one side, deciding that they had had enough drama and losses for one week. “We’re ending a turbulent week on a more positive note as exhausted traders the world over head into the weekend in a more buoyant mood,” […]
White House officials pushed back yesterday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States. ‘There is no recession in sight, White House economic adviser Larry […]
The term globalization encompasses a range of social, political, and economic changes. Some disciplines including anthropology or sociology focus on cultural changes of growing interconnectedness, such as the expansion of brands like Nike and McDonalds, and the networked world through social media. Other disciplines such as economics track the exchange of finances, goods and services […]
One month into Deutsche Bank AG’s boldest restructuring effort yet, the world has turned against chief executive officer Christian Sewing. Or at least, Germany has. Fears of an economic recession and the spectre of even lower interest rates have taken a toll on banks across Europe. But for Sewing, who just pinned his bank’s future […]
Asian markets rallied Monday following a strong lead from Wall Street and comments from Donald Trump’s top economic adviser hailing “positive” trade talks with top Chinese negotiators. Optimism that central banks will provide fresh support to head off a global economic recession has also lent much-needed support to regional equities after last week’s sell-off, with […]
Washington and Beijing are working actively to revive negotiations aimed at ending the trade war that has rattled world markets, Donald Trump’s chief economic advisor said Sunday. If teleconferences between both sides’ deputies pan out in the next 10 days “and we can have a substantive renewal of negotiations,” Larry Kudlow said on “Fox News […]
US President Donald Trump on Sunday warned China that carrying out a Tiananmen Square-style crackdown on Hong Kong pro-democracy protesters would harm trade talks between the two countries. “I think it’d be very hard to deal if they do violence, I mean, if it’s another Tiananmen Square,” Trump told reporters in New Jersey. “I think […]
Stock markets nervously traded sideways on Thursday as investors all but gave up hope that a US-China trade war could be nearing its end. Fears over the stand-off between the world’s two biggest economies added to jitters over the state of the world economy which had inflicted heavy losses on equities on Wednesday, including the […]
It was meant to be an unabashed celebration of the triumph of Communism in China, and of President Xi Jinping’s authority as the country’s undisputed leader for years to come. But as the People’s Republic of China approaches its 70th anniversary on October 1st, Xi finds himself battling threats on multiple fronts. From a biting […]
Donald Trump said Friday that tech giant Apple would be spending “vast sums” of money in the US in a tweet ahead of a dinner meeting with its CEO Tim Cook. The men have had several informal meetings before, including at Bedminster, New Jersey, where Trump is reportedly on a working holiday at his golf […]
Singapore further cut its annual growth forecast on Tuesday as the escalating US-China trade war hammers exports, in another ominous sign for Asia’s trade-reliant economies. The government said it expected growth of 0.0-1.0 percent this year, sharply down from the 1.5-2.5 percent previously estimated, marking the second downward revision this year. The economy expanded 3.2 […]
Huawei is the world’s fastest growing phone brand and it’s expected revenue has been shot down a bit by the US. A series of restrictions, tariffs and bans has not played well for this Chinese brand as a $30 Billion revenue was calculated to be lost through the trade war. The US put Huawei on […]
China’s exports beat gloomy forecasts to rebound in May though imports sank more than expected as the trade war with the United States heats up, official data showed Monday. The spat between the world’s top two economies escalated last month, with President Donald Trump increasing tariffs on $200 billion in Chinese goods. But Chinese exports […]
Malaysia’s recent inclusion in a United States’ currency manipulators’ watchlist is a subtle American way to discourage trade with China and boost US trade. A “classic case” of protectionism. This move is to isolate competing trading partners who pose a threat to the US. However, it is not expected to have a significant impact due […]
China’s trade surplus with the United States ballooned to a record $34.1 billion in September despite a raft of US tariffs, official data showed Friday, adding fuel to the spiraling trade war. China’s exports to the US rose to $46.7 billion while imports slumped to $12.6 billion, according to the customs administration. The world’s top […]
Asia stocks opened sharply lower on Thursday, joining a global sell-off on concerns over Turkey’s financial crisis but later pared losses on news that China and the US would hold trade talks. Equities across the region suffered steep losses at the opening bell, with Tokyo and Shanghai off by more than one percent, dragged down […]
The recent fall of the yuan has been a boon to Chinese exporters facing a trade war with the United States, but it poses financial risks that could prompt Beijing to prop up its currency. While markets are spooked by the standoff between the world’s two biggest economies, a weaker currency makes exporters’ goods cheaper, […]
Global Growth Could be on the Brink of Stalling Trade expansion will likely slow further in the third quarter of 2018, the World Trade Organization’s (WTO) latest World Trade Outlook Indicator (WTOI) indicated on Thursday. The most recent WTOI reading of 100.3 is below the previous value of 101.8 and just above the baseline value […]
Commodities declined in July due to increased potential for rising production in energy commodities and lower demand expectations for base metals. The Bloomberg Commodity Index Total Return performance was lower for the month, with 15 out of 22 Index constituents posting losses. Credit Suisse Asset Management observed the following: Industrial Metals declined 4.69%, with all […]
Trade tensions between the US and China have been intensifying over recent months with each country imposing levies on mutual imports with extra duties. In July, Washington imposed tariffs on $34 billion worth of Chinese goods. US President Donald Trump accused Beijing of “being vicious” on trade, stressing that Chinese measures were targeting US farmers […]
The Trade War Scorecard China’s trade surplus with the United States eased in July after President Donald Trump imposed tariffs on Chinese goods in a showdown between the world’s two biggest economies, official data showed Wednesday. The Asian giant posted a $28.1 billion surplus last month after reporting a record $28.9 billion in June according […]
The first round of President Donald Trump’s 25 percent punitive tariffs on China will hit $50 billion in goods starting August 23, the government announced Tuesday. Washington already imposed tariffs on $34 billion in Chinese products on July 6. But it held off on a final $16 billion as a result of concerns raised by […]
Asian countries have voiced concern about the potentially devastating impact of a US-China trade war, with ministers calling for the acceleration of talks for a gigantic Beijing-backed free-trade deal that excludes the United States. Fear that a simmering trade spat between the world’s top two economies could spiral into a full-blown trade war — with […]
China’s new countermeasures to impose additional tariffs on about 60 billion U.S. dollars worth of products from the United States are “rational and restrained,” a spokesperson with the Ministry of Commerce (MOC) said Friday. The Customs Tariff Commission of the State Council on Friday unveiled lists of 5,207 items of U.S. products to be subject […]
China’s foreign minister said Saturday that his country’s threat to impose retaliatory tariffs on $60 billion of American goods in an escalating trade spat was “fully justified”. Beijing threatened Friday to bring in the levies on products ranging from beef to condoms, after US President Donald Trump’s administration upped the ante in its plans for […]
The United States may jack up the tariff rate on the next $200 billion in Chinese imports it plans to target as it pressures Beijing to reform its trade practices, US officials said Wednesday. President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 percent from the planned 10 […]
Chinese Foreign Ministry spokesperson Geng Shuang said Wednesday that there was “no winner in a trade war,” calling on the United States to withdraw from the wrong path and not to go any further. The Trump administration announced it would provide up to 12 billion U.S. dollars in aid to U.S. farmers impacted by ongoing […]
Investors Cut Risk in Trade War Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for June 2018. Investors cut risk in June 2018 as money moved out of equity and into bond funds. Overall, long-term U.S. open-end funds and ETFs […]
China will work to tackle the weak areas in its business environment to further improve overall competitiveness and sustain the sound momentum of steady economic performance, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday. The Chinese government places high importance on improving the country’s business environment. Li has urged government […]
Trade War: Who is Cheating? Everyone China has accused the United States of hurting the global economy by waging trade wars. Beijing says the whole world will retaliate if Washington sticks with its aggressive trade policy. The US trade war is not just with China but with the rest of the world. By regarding the […]
China Building a Free Trade Network Amid a revival of unilateralism and protectionism across the globe, experts hail efforts to safeguard multilateralism and build an open world economy. China and the European Union (EU) on Monday agreed to jointly work to safeguard the rules-based international order, promote multilateralism and support free trade. The agreement was […]
Trade War Update China China said Friday that its attitude on respecting and protecting intellectual property rights (IPR) is serious and its actions are effective, calling the U.S. allegations of so-called IPR theft by China groundless. “In recent months, the United States has repeatedly accused China of stealing intellectual property rights, but it has never […]
Trade War Latest News The Chinese commerce ministry has slammed the US plan to impose tariffs on additional imports worth some $200 billion as totally unacceptable, promising a mirror response to defend its national interests. “The Chinese side is shocked by the actions of the US,” a statement on the ministry’s website declared. “In order […]
Accusing China of not negotiating “seriously” on trade, the Trump administration has released a list of products it wants to impose a ten percent tariff on, amounting to $200 billion. The new tariffs would kick in within 60 days. The 200-page document, released on Tuesday by the US Trade Representative’s office, gives notice to those […]
Trade War Latest Update China stays committed to continuously and proactively expanding opening up so as to better cope with unilateralism and protectionism, Premier Li Keqiang said here on Monday. Li, who is in Germany for a three-day official visit, made the remarks at an innovation-themed forum, which is also attended by his German counterpart, […]
U.S. stocks ended lower on Monday as market sentiment was dented by fears of escalating trade tensions between Washington and its major trade partners. The conflicting signals on trade policy from the Trump administration reflect deep divisions among policymakers over how hard to push China on demands for changes in trade, technology transfers, and industrial […]
The US market saw a significant plunge in investment from China in the first five months of the year amid a growing trade row between the world’s two largest economies. Chinese investments totaled $1.8 billion from January through May, representing a 92-percent drop against the same period a year ago. That’s the lowest level in […]
Beijing has requested dispute consultations with the United States at the World Trade Organization over US tariffs slapped on imports of Chinese steel and alumium products, according to a WTO document published Tuesday. China’s representative to the world trade body has requested “consultations” with Washington over its decision to impose “additional ad valorem rate of […]
Stocks are down across Europe and in pre-market trading on Wall Street after China announced retaliatory tariffs on American imports. Before the opening bell, the S&P is down 1.7 percent, with the Dow and the Nasdaq over 2 percent lower. A loss of each percent in American indices means losing billions of dollars in value […]
Beijing will hit 106 American products, including soybean, automobile, and chemicals, with a 25-percent tariff in response to US levies on Chinese goods, Bloomberg reports, citing a CCTV report of the State Council decision. The move comes after Washington slapped nearly 1,300 Chinese goods with 25-percent tariffs. According to the White House, the measure is […]
Beijing is hiking up tariffs on more than 128 US imports, including fruit and pork, as part of a tit-for-tat response to US President Donald Trump’s $60 billion package of tariffs imposed against China. The additional fares, which range from 15 to 25 percent, will take effect on Monday, the Chinese Finance Ministry said on […]
What the IMF did not say is the key here Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism. The International Monetary and Financial Committee, the IMF’s steering body, also repeated its past commitments on […]