Tag: Tariffs

• Friday, November 9th 2018 - 08:41 UTC

  China exports and surplus remain strong while imports started to pick up

  

  China reported much stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, racing to beat higher tariff rates due to kick in at the start of next year. Import growth also defied forecasts for a slowdown, suggesting Beijing’s growth-boosting measures to support the cooling economy may be slowly starting to make themselves felt.

• Wednesday, October 31st 2018 - 08:52 UTC

  Beijing concerned a weaker Yuan could further trigger trade war with the U.S.

  

  The Chinese Yuan weakened to a decade low on Tuesday on concerns over China's slowing economy and the US trade war, but Beijing was expected to prevent it breaking the psychologically important 7 Yuan per dollar barrier. The Yuan drifted past 6.96 to the dollar, hitting its weakest levels since May 2008.

• Thursday, September 27th 2018 - 09:17 UTC

  China unveils plan to cut tariffs on over 1.500 industrial products

  

  China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.

• Wednesday, September 19th 2018 - 08:50 UTC

  Tit for tat: China adds US$ 60bn of US imports to its tariff retaliation list

  

  China and the United States plunged deeper into a trade war on Tuesday after Beijing added US$60 billion of US products to its import tariff list in retaliation for President Donald Trump's planned levies on US$200 billion worth of Chinese goods.

• Tuesday, September 18th 2018 - 08:58 UTC

  Trump escalates the trade war with China imposing 10% tariffs on US$ 200bn imports

  

  United States president Donald Trump escalated his trade war with Beijing, imposing 10% tariffs on about US$ 200 billion worth of imports in a move one senior Chinese regulator said “poisoned” the atmosphere for negotiations.

• Thursday, August 23rd 2018 - 08:21 UTC

  Despite trade talks, US and China will impose fresh tariffs beginning Thursday

  

  United States and China are expected to impose fresh tariffs on US$ 16bn of each other's goods on Thursday as their tit-for-tat trade war rages on. The second round of tariffs will see a total of US$ 50bn worth of goods from each side that will now be taxed. Since the opening salvo in July, tensions between the world's two largest economies have escalated, hurting their companies and economies.

• Monday, July 2nd 2018 - 08:31 UTC

  Leading world car makers urge US not to impose tariffs on auto imports

  

  BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”

• Monday, June 25th 2018 - 08:13 UTC

  EU imposes retaliatory tariffs on US goods: bourbon, motorcycles, orange juice

  

  The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8bn worth of US goods came into force on Friday. Tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice.

• Monday, June 4th 2018 - 08:57 UTC

  Trade deal falls warns China, if US insists with imposing more tariffs

  

  China said on Sunday it wouldn’t step up its purchases of United States products if President Donald Trump goes ahead with his threat to tax billions of dollars’ worth of Chinese imports. White House advisers insisted on fundamental changes in ties between the world’s two biggest economic powers.