Tag: trade war

• Friday, March 8th 2019 - 09:05 UTC

  China's exports tumble 21% during February, largest decline since 2016

  

  China's exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures.

• Tuesday, March 5th 2019 - 09:55 UTC

  World markets fall as China cuts its economic growth target

  

  Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States. Australian shares dropped 0.6% while South Korea's Kospi lost 0.5%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2% and Japan's Nikkei dropped 0.3%.

• Thursday, February 28th 2019 - 09:15 UTC

  US trade deficit widens sharply in December: imports increase, exports drop

  

  The US trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter. Other data from the Commerce Department on Wednesday showed new orders for US-made goods barely rose in December and business spending on equipment was much weaker than previously thought, pointing to a softening in manufacturing activity.

• Thursday, February 28th 2019 - 09:10 UTC

  China's manufacturing activity shrinks for a third straight month in February

  

  China's manufacturing activity shrank for a third straight month in February, sinking to its worst performance in three years as the economy slows and the US trade war bites, official data showed on Thursday. The Purchasing Managers' Index (PMI), a gauge of factory conditions, came in at 49.2 for the month, down from 49.5 in January, according to the National Bureau of Statistics (NBS).

• Tuesday, February 26th 2019 - 09:07 UTC

  Trump anticipates a “signing summit” with China's Xi: trade agreement “very, very close”

  

  US President Donald Trump said on Monday he expects to hold a “signing summit” with China’s President Xi Jinping to seal a trade deal, since negotiators are “very, very close” to an agreement. Cheering global stock markets, the new comments confirm the dispute will not ratchet up immediately, averting an even bigger impact on the global economy. 

• Monday, February 25th 2019 - 08:58 UTC

  US/China trade talks make “substantial progress”; Trump delays deadline for more tariffs

  

  The United States is delaying a planned increase of tariffs on more than US$200 billion in Chinese exports after “substantial progress” made in trade talks, President Donald Trump said on Sunday. Trump also said he planned to hold a summit with Chinese President Xi Jinping at his Florida estate Mar-a-Lago to ink a deal.

• Saturday, February 23rd 2019 - 09:13 UTC

  China and US hail progress in trade talks: “a deal more likely than not” said Trump

  

  Chinese negotiators have agreed to extend their stay in Washington, as the US and China push to strike a trade deal. The decision was the latest sign that the two countries may be nearing an agreement, as they look for a way out of last year's punishing trade war.

• Wednesday, February 20th 2019 - 10:01 UTC

  Europe's biggest bank slower profits blamed on tepid growth in China and UK

  

  HSBC warned it may have to delay some investments this year as Europe's biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain. HSBC reported a drop in fourth-quarter revenue amid tumbling stock markets that sapped customer's confidence in investing.

• Tuesday, February 19th 2019 - 09:20 UTC

  US/China trade talks resume in Washington... and are going “extremely well”

  

  US-China trade talks aimed at ending a damaging tariff war will resume from this Tuesday in Washington, the White House has announced. The last set of talks ended Friday in Beijing with no deal, though US President Donald Trump said the discussions were going “extremely well” and suggested he could extend a Mar 1 truce deadline for an agreement to be reached.

• Saturday, February 16th 2019 - 11:30 UTC

  China/US trade talks break down; Washington warns “very difficult issues” remain unresolved

  

  Trade talks between the US and China have broken up without a deal, with the US warning that “very difficult issues” remain unresolved. The talks in China this week were aimed at securing a new deal before further US tariffs are imposed on 1 March. China said negotiations would now continue in the US next week.