Tag: protectionism

• Friday, November 15th 2019 - 09:42 UTC

  BRICS summit condemns protectionism and pledges to overcome challenges faced by multilateralism

  

  Five of the biggest emerging economies railed against protectionism on Thursday as they vowed to overcome “significant challenges” facing multilateralism, in a swipe at US tariffs and unilateral action.

• Tuesday, November 5th 2019 - 09:36 UTC

  Xi calls on the world “to tear down the walls” of protectionism and unilateralism

  

  President Xi Jinping on Tuesday pledged to further open China's economy, declaring the world must “tear down walls” as he opened an annual trade fair in Shanghai.

• Wednesday, April 10th 2019 - 09:58 UTC

  “My trade wars aren't finished yet”, Trump warns IMF and World Bank spring meetings

  

  
United States president Donald Trump is sending a clear message to the economic policymakers gathering in Washington for the IMF and World Bank's spring meetings: My trade wars aren't finished yet and a weakening global economy will just have to deal with it.

• Thursday, February 7th 2019 - 10:33 UTC

  As March countdown clicks, UN warns about global implications of the US/China trade dispute

  

  United Nations trade official has warned a US plan to raise tariffs on Chinese goods next month would have “massive” implications for the global economy. The US plans to increase tariffs on Chinese goods if the two sides fail to make progress on a trade deal by 1 March.

• Saturday, November 24th 2018 - 09:10 UTC

  Prudent optimism that China and US can reach a trade understanding in Buenos Aires

  

  The United States and China have in the coming week what may be their last chance to broker a ceasefire in an increasingly dangerous trade war when their presidents meet in Buenos Aires.

• Monday, November 19th 2018 - 09:01 UTC

  Macron calls for a stronger union with Germany to prevent global chaos

  

  President Emmanuel Macron on Sunday urged a Franco-German push to make Europe a stronger and more confident global player that could prevent “chaos” on the world stage. Macron and German Chancellor Angela Merkel have used a series of war anniversaries to project unity as they push back against populist and nationalist forces in Europe and Donald Trump's isolationist “America First” stance.

• Thursday, October 11th 2018 - 08:23 UTC

  US charges Chinese spy for economic espionage and stealing aviation secrets

  

  United States Justice Department said on Wednesday it had arrested and indicted a spy for China’s Ministry of State Security on charges of economic espionage and attempting to steal trade secrets from several U.S. aviation and aerospace companies.

• Monday, October 8th 2018 - 08:39 UTC

  Canada chairs meeting to reform WTO, but has not invited US or China

  

  Canada has not invited the United States or China to a high-level meeting on reforming the World Trade Organization (WTO). The country will host a “small group of like-minded” trade ministers in Ottawa in late October to discuss the global trade body. Officials say countries like the US and China will be included at a later date in the reforms discussion process.

• Friday, August 24th 2018 - 09:06 UTC

  Latin American growth lowered to 1.5% this year, in a “complex global scenario”

  

  Latin America's economic growth is set to come in lower than expected this year, as US protectionism and widespread wariness of emerging markets put a drag on the region, a UN panel said Thursday. The Economic Commission for Latin America and the Caribbean (ECLAC) slashed its growth forecast for the region by 0.7 point to 1.5%, saying the “complex global scenario” had dimmed the outlook since its last report in April.

• Saturday, May 26th 2018 - 09:29 UTC

  Protectionism the “darkest cloud” for the solid upswing of the global economy

  

  The threat of trade protectionism is the biggest concern looming over a solid upswing in the global economy, IMF managing director Christine Lagarde said. The “darkest cloud” on the economic horizon is the “determination of some to actually rock the system that has actually presided over the trade relationships that we have all undertaken and enjoyed to some extent over the last many decades”, said Lagarde.