Tag: China

Saturday, August 4th 2018 - 11:54 UTC
Trade war: “China's countermeasures are rational”, argues Beijing

China’s state media said on Saturday the government’s retaliatory tariffs on US$60 billion in U.S. goods showed rational restraint, although in an opinion piece it still admonished the United States for blackmail and bullyboy tactics.
Wednesday, August 1st 2018 - 08:59 UTC
Change of Chinese import duties impacts on Jaguar Land Rover profits

Jaguar Land Rover (JLR) has reported a loss for the first time in three years after sales slowed in China. The UK's biggest car firm, which is owned by India's Tata Motors, blamed the setback on “multiple challenges”.
Wednesday, August 1st 2018 - 07:12 UTC
China and Argentina ties increasingly closer

China's offer of financial support to Argentina is the latest example of the Asian nation filling a vacuum in what has traditionally been the backyard of the U.S. While President Donald Trump has not paid a visit to Latin America since his inauguration in January 2017, China has stepped up its financial assistance to Argentina and worked to strengthen their trade ties.
Monday, July 30th 2018 - 09:44 UTC
Airlines yield to Beijing and eliminate reference to Taiwan as independent

The Chinese Foreign Ministry said that the move by the three biggest US airlines to change how they refer to Taiwan on their booking websites was a “positive development”.
Wednesday, July 25th 2018 - 06:25 UTC
Trump pledges US$ 12bn to help farmers hit by trade war with China

The Trump administration on Tuesday said it will use a Great Depression-era program to pay up to US$ 12 billion to help U.S. farmers weather a growing trade war with China, the European Union and others that the president began. It is a clear signal the U.S. President Donald Trump is determined to stick with tariffs as his weapon of choice in the conflict.
Tuesday, July 24th 2018 - 22:01 UTC
China wants a long-last relationship with Brazil in agricultural goods

Reports that China wants a “long-last relationship” with Brazil in terms of trade in agricultural goods and other products received attention in Asian markets. The two countries are ready to take their trade relationship “to new levels” amid an escalation of global trade wars, China's ambassador to Brazil Li Jinzhang said during an agribusiness conference in São Paulo on Monday.
Saturday, July 21st 2018 - 08:29 UTC
Trump prepared to slap tariffs con all Chinese goods imported to United States

President Donald Trump has indicated that he is willing to slap tariffs on every Chinese goods imported to the U.S. should the need arise.“I'm ready to go to 500,” the president told CNBC's Joe Kernen in a “Squawk Box” interview aired Friday.
Tuesday, July 17th 2018 - 09:30 UTC
Beijing/Washington trade dispute: China exports and surplus grow at solid pace

China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington.
Tuesday, July 17th 2018 - 09:24 UTC
China's growth declines in second quarter; expanding government debt trims Beijing's credit rating

China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world's second-largest economy expanded by 6.7%, down from the previous quarter's 6.8%, the government reported Monday.
Tuesday, July 17th 2018 - 08:46 UTC
US launches five dispute actions in WTO challenging China, EU, Canada, Mexico and Turkey

The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined US$28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.