Tag Archives: Trade War

Growing tensions between Britain and the European Union threatened to overshadow the Group of Seven summit’s conclusion on Sunday, with London accusing France of “offensive” remarks that Northern Ireland was not part of the United Kingdom. Ever since the United Kingdom voted to leave the European Union in 2016, the …

Wall Street’s main indexes fell on Thursday, extending declines for the third straight session, as comments from President Donald Trump renewed worries over Sino-U.S. trade relations and added to concerns of a prolonged economic downturn. Trump said he was very disappointed with China over its failure to contain the novel …

With the general election just six months away, and the global economy in shambles because of the coronavirus, there is increasing urgency inside the White House and among President Donald Trump’s Republican allies to blame China over its failure to stem the spread of the disease early on. Now, there’s …

U.S. stocks fell at open on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while Apple and Amazon became the latest companies to warn of more pain in the future. The Dow Jones Industrial Average .DJI fell 224.94 points, or 0.92%, at …

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year, postponing Washington’s threat of sanctions against Paris, French officials said Tuesday. French Finance Minister Bruno Le Maire, speaking before a Brussels meeting with …

The US and China are signing an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy. Speaking in Washington, US President Donald Trump hailed the pact as a “really momentous breakthrough”. China has pledged to boost US imports by $200bn above 2017 …

The US president went on the offensive against Beijing at the General Assembly on Tuesday, saying he wouldn’t accept a “bad deal” on trade, and accusing China of using “massive market barriers, heavy state subsidies, currency manipulation,” and other malign tactics, while urging the country to “honour” its commitment to …

A U.S. Navy destroyer sailed near islands claimed by China in the South China Sea on Friday, the U.S. military said, a move likely to anger Beijing. The busy waterway is one of a growing number of flashpoints in the U.S.-Chinese relationship, which include an escalating trade war, American sanctions …

After they wooed him in Taormina, Italy, in 2017, Donald Trump snubbed world leaders by dropping out of the Paris climate accords. When they reached consensus in Charlevoix, Canada, a year later, Trump abruptly refused to sign their joint statement and escalated his trade war with personal insults. And as …

U.S. President Donald Trump on Friday said he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, throwing a new twist into the bitter trade war between the world’s two largest economies. Trump said on Twitter he will issue a response …

US President Donald Trump said that, while talks are progressing with Beijing, no deal has been reached for now, as the two countries attempt to resolve an ongoing trade dispute. The president told reporters on Friday that he would like to see more movement in the trade talks, but that …

Huawei has rolled out its long-rumored Hongmeng operating system (OS), known as the harmony. The company says it can switch to the new system at any time, including on phones, if it is unable to use Android. The Chinese tech giant officially unveiled the new platform on Friday. The operating …

US stocks plunged on Wednesday, with the Dow Jones Industrial Average falling more than 450 points, as investors were spooked by the latest signals from the bond market that pointed to a heightened risk of a recession. US Treasury yields took another dramatic drop and the premium on three-month bill …

The US government says the economy grew more slowly in 2018 than it previously estimated, downgrading its estimate from 3% to 2.5%. US President Donald Trump had frequently boasted of the 3% growth figure as evidence that his policies invigorated the economy. The US Commerce Department lowered its estimate of …

The US and China have agreed to resume trade talks, easing a long row that has contributed to a global economic slowdown. US President Donald Trump and China’s President Xi Jinping reached an agreement at the G20 summit in Japan. Trump also said he would allow US companies to continue …

Amid the ongoing trade war with the US, China appears to be “rolling out the red carpet for the rest of the world,” reducing tariffs on countries competing with the US, an international economics think tank says. Beijing is not sitting idly by, waiting to see who can outlast the …

China is not an enemy. It is a nation trying to raise its living standards through education, international trade, infrastructure investment, and improved technologies. In short, it is doing what any country should do when confronted with the historical reality of being poor and far behind more powerful countries. Yet …

US President Donald Trump threatened to hit China with tariffs on “at least” another $300 billion worth of Chinese goods but said he thought both China and Mexico wanted to make deals in their trade disputes with the United States. Tensions between the world’s two largest economies have risen sharply …

The US formally suspended tariffs rises on £200bn of Chinese goods but hopes of resolving a trade war between the two nations faded, sending global stock markets fell for the third straight day on Thursday. US Trade Representative (USTR) Robert Lighthizer pushed back higher import duties which had been due …

The World Trade Organization launched an investigation into U.S. President Donald Trump’s tariffs on $250 billion of Chinese goods, ratcheting up tensions as the two nations are set to begin a new round of trade talks, according to an official with knowledge of the probe. The Geneva-based arbiter of trade …