Tag: China

• Friday, August 9th 2019 - 08:27 UTC

  Soybean sales in Brazil booming helped by a weaker currency and port premiums

  

  The price of Brazilian soybeans in local currency reached the highest level in almost two months, driven by a spike in port premiums for soybeans and a weaker currency, both caused by the trade dispute between China and the United States.

• Friday, August 9th 2019 - 07:56 UTC

  Despite the trade dispute, China's exports rose 3.3% during July

  

  Chinese exports rose unexpectedly in July, beating expectations for a fall, as trade tensions with the US continued to simmer. Official figures showed exports rose 3.3% last month, compared to forecasts for a 2% drop. Imports fell 5.6% in July, less than the expected 8.3% decline.

• Wednesday, August 7th 2019 - 09:33 UTC

  Trump vows to protect US farmers against China and promises further aid

  

  US President Donald Trump on Tuesday vowed to protect US farmers against China by signaling to provide further aid if needed, a day after Chinese firms stopped agricultural purchases and Beijing threatened more tariffs on US farm products.

• Wednesday, August 7th 2019 - 08:44 UTC

  Sino/US clash eases: Beijing supports Yuan and Washington pledges to continue trade talks

  

  Asian shares steadied slightly on Wednesday as investors caught their breath from a searing week-long selloff, with steps taken by Chinese authorities to contain a sliding Yuan helping calm fears of a full-blown Sino-U.S. trade and currency war.

• Tuesday, August 6th 2019 - 09:06 UTC

  Fed expected to further lower interest rate as trade tensions with China increase

  

  Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.

• Saturday, August 3rd 2019 - 20:31 UTC

  Fentanyl, the powerful synthetic opioid painkiller poisoning US/China relations

  

  President Donald Trump has repeatedly hit out at China for failing to curb the export of illegal fentanyl to the United States. The powerful painkiller is the primary synthetic opioid available in the US, a class of drug that was responsible for almost 32,000 overdose deaths last year.

• Saturday, August 3rd 2019 - 11:54 UTC

  Trump calls Hong Kong unrest “riots” and suggests it's an issue between HK and Beijing

  

  President Donald Trump has labelled recent protests in Hong Kong as “riots”, adopting the language used by Chinese authorities and suggesting that the United States would stay out of an issue that was “between Hong Kong and China”.

• Saturday, August 3rd 2019 - 11:45 UTC

  US lawmakers urge Trump administration to suspend sales of crowd control equipment to Hong Kong

  

  A bipartisan group of US lawmakers on Friday urged the Trump administration to suspend future sales of munitions and crowd-control equipment to Hong Kong police which has been accused of using excessive force against anti-government protesters.

• Saturday, August 3rd 2019 - 07:30 UTC

  China bows to fight back Trump's tariffs: “if they want to fight, then we will fight”

  

  China on Friday vowed to fight back against US President Donald Trump's abrupt decision to slap 10% tariffs on the remaining US$300 billion in Chinese imports, a move that ended a month-long trade truce.

• Friday, August 2nd 2019 - 09:46 UTC

  US business lobbies warn extra tariffs will hurt American consumers

  

  President Donald Trump's threat to impose 10% tariffs on the remaining US$300 billion of Chinese imports from Sept. 1 will hurt consumer purchases, raise prices further and limit hiring, four large retail trade groups warned on Thursday.