Tag: trade war

Saturday, February 16th 2019 - 11:30 UTC
China/US trade talks break down; Washington warns “very difficult issues” remain unresolved

Trade talks between the US and China have broken up without a deal, with the US warning that “very difficult issues” remain unresolved. The talks in China this week were aimed at securing a new deal before further US tariffs are imposed on 1 March. China said negotiations would now continue in the US next week.
Thursday, February 14th 2019 - 10:22 UTC
US/China trade talks take off in Beijing with much expectations

United States and Chinese negotiators kicked off two days of official trade talks in Beijing on Thursday as the world's top two economies try to patch up their festering economic dispute. Pressure to seal an accord ahead of a March deadline lessened before the talks as US President Donald Trump indicated on Tuesday in Washington he was open to extending a trade truce, depending on progress in Beijing.
Friday, February 8th 2019 - 10:10 UTC
Trade deal: Trump said no meeting with Xi before the March first deadline

President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.
Friday, February 8th 2019 - 09:13 UTC
Collapse in China sales hits Jaguar Land Rover profits

Jaguar Land Rover booked a loss for the last three months of 2018 as sales collapsed in China. The company booked a £3.1bn reduction in the value of its plants and other investments leading to a £3.4bn quarterly loss, its biggest to date.
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.
Friday, February 1st 2019 - 09:56 UTC
Summit with Xi, “soon”, should seal “the biggest deal ever made” forecasts Trump

U.S. President Donald Trump said on Thursday he will meet with Chinese President Xi Jinping soon to try to seal a comprehensive trade deal as Trump and his top trade negotiator both cited substantial progress in two days of high-level talks.
Wednesday, January 30th 2019 - 09:46 UTC
Russia and China criticize US sanctions on Venezuela: “they undermine confidence in the international financial system”

Russia and China strongly criticized U.S. sanctions placed on Venezuela, with the former pledging to support the beleaguered President Nicolas Maduro. Russian Foreign Minister Sergei Lavrov said on Tuesday the sanctions completely undermined confidence in an international financial system that is dominated by the U.S., Russian news agency Interfax reported.
Wednesday, January 30th 2019 - 08:54 UTC
Latin American markets outperform world stocks struggling over US/China trade talks

Latin American stocks rose on Tuesday, outperforming world stocks that struggled to hold gains ahead of keenly awaited U.S.-Sino trade talks, earnings of top technology companies and an impending U.S. Federal Reserve decision on interest rates.
Friday, January 25th 2019 - 09:35 UTC
US and China “miles and miles away” in resolving economic structural reforms

The United States and China are “miles and miles” from resolving trade issues but there is a fair chance the two countries will get a deal, U.S. Commerce Secretary Wilbur Ross said on Thursday.
Friday, January 25th 2019 - 09:06 UTC
Goldman Sachs chief concerned with Brexit, but the main worry in China/US trade dispute

The new chief executive of Goldman Sachs says that a “difficult” Brexit will negatively affect its investment plans in the UK. David Solomon told the BBC that while there has been a hiring freeze in the UK, the bank has been adding staff in the EU over the last two years.