Donald Trump has said he will raise tariffs on US$ 200bn of Chinese goods because talks on a US-China trade deal are moving “too slowly”. The US president tweeted that tariffs of 10% on certain goods would rise to 25% on Friday, and US$ 325bn of untaxed goods could face 25% duties “shortly”.
China is considering cancelling a planned Washington trip this week by the country's top trade negotiator, the Wall Street Journal reported on Sunday. Beijing was surprised by US President Donald Trump's threat to levy new tariffs on trade with the country, the Journal reported, citing a person it didn't identify. The country doesn't want to negotiate under threat, the newspaper said.
Top diplomats from the United States, Russia and other nations which border the Arctic meet in Finland on Monday to discuss policies governing the polar region, as tensions grow over how to deal with global warming and access to mineral wealth.
Venezuelan President Nicolás Maduro appeared on Thursday flanked by soldiers at an army base in Caracas, in a show of defiance towards his opponents. Maduro called on the armed forces to defeat “any coup plotter”, following two days of clashes between opposition and pro-government forces.
The US Defense Department expects China to add military bases around the world to protect its investments in its ambitious One Belt One Road global infrastructure program, according to an official report released on Thursday.
Ford Motor Co said it had reached an agreement with the workers’ union at a historic Brazil plant it plans to shutter by the end of the year, paving the way for a friendly shutdown or potential takeover by a local buyer.
British Prime Minister Theresa May hoped firing her defense secretary over a leak would put her latest government scandal to rest. But it seems only to have unleashed yet another political storm for the PM, with members of her own party questioning her judgment and opponents demanding the police be called in.
China’s Huawei Technologies Co Ltd launched two high-end smartphone handsets in Brazil, making its second attempt to penetrate the world’s fourth-largest smartphone market, broadening its footprint in Latin America.
Argentina announced on Tuesday it had struck a deal with Chinese authorities that would allow it to begin exporting pork to the Asian giant from 25 of the country’s meat-packing plants.
The US and China are due to begin a fresh round of talks in Beijing on Tuesday as they edge closer to resolving their damaging trade dispute. The discussions will be led by US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He.