Tag: commercial war

• Thursday, March 27th 2025 - 16:50 UTC

  India and China no longer buying crude from Venezuela after Trump's threats

  

  The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases. China, which imported 351,000 barrels per day (bpd) last year, and India, with 254,000 bpd in January, are stepping back, with companies like India’s Reliance Industries planning to stop imports.

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• Tuesday, March 4th 2025 - 09:29 UTC

  Canada will retaliate if Trump moves on with tariffs

  

  Canada's Foreign Minister Mélanie Joly announced Monday that her country was ready for if or when US President Donald Trump decides to move on with the 25% tariffs currently on pause following a telephone understanding with acting Prime Minister Justin Trudeau.

• 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.

• 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 - 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.

• Wednesday, April 18th 2018 - 08:38 UTC

  Chinese economy expands at an annual rate of 6.8% in the first quarter, says Beijing

  

  China's economy grew at an annual pace of 6.8% in the first quarter compared to the same period last year, according to official data, beating forecasts for the period. The growth figures for January to March were also above Beijing's 2018 annual growth target of “around 6.5%”

• Wednesday, April 18th 2018 - 08:32 UTC

  China opens its car manufacturing and market to foreign ownership

  

  China will allow full foreign ownership of car firms by 2022 in a move that could open up the world's biggest car market. The plans will change rules that require global carmakers to work through state-owned partners. The US says this forces them to share technology with potential competitors.

• Tuesday, May 17th 2011 - 05:58 UTC

  Argentina/Brazil agree to attempt dialogue to overcome latest trade dispute

  

  Argentine Minister for Industry, Debora Giorgi will meet in coming hours with Brazilian Ambassador, Enio Cordeiro, to schedule a series of meetings to address trade disputes between the two neighbouring countries and main Mercosur associates.