Tag: trade war

Saturday, October 12th 2019 - 09:50 UTC
US/China agree to a first phase of trade deal; Trump suspends a tariff hike

United States and China agreed on Friday to the first phase of a deal to end a trade war, prompting President Donald Trump to suspend a threatened tariff hike, but officials said the agreement had to be put on paper and more work was required to get it finalized.
Wednesday, October 9th 2019 - 09:55 UTC
New IMF chief claims the world economy is in a “synchronized slowdown”

Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said on Tuesday. Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison with cash infusions, Kristalina Georgieva said in her first speech as managing director of the International Monetary Fund.
Wednesday, October 9th 2019 - 09:45 UTC
Global trade tensions have investment on hold and promote poverty, World Bank claims

As global trade tensions persist, investments are put on hold and without that cash to boost economic growth, poverty could surge, the World Bank's chief economist warned Tuesday. Without growth “inevitably, people will struggle”, Pinelopi Koujianou Goldberg said in an interview.
Tuesday, October 8th 2019 - 08:33 UTC
Trump hails trade agreements with Japan in agriculture and digital commerce

President Donald Trump on Monday hailed a banner day for American farmers, announcing two trade agreements with Japan that he said would deepen economic ties in agriculture and digital commerce.
Thursday, October 3rd 2019 - 09:50 UTC
US will impose 10% tariffs on Airbus planes and 25% on French wine and Scotch

United States on Wednesday said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskeys and cheese from across the continent as punishment for illegal EU aircraft subsidies.
Saturday, September 28th 2019 - 09:40 UTC
China slams Trump for the trade disputes but says Beijing will act in a calm, rational manner

China's top diplomat said on Friday that tariffs and trade disputes could plunge the world into recession and Beijing was committed to resolving them in a “calm, rational and cooperative manner.”
Monday, September 23rd 2019 - 13:20 UTC
Experts predict that US-China trade war deal may be imminent

Prominent Chinese economist Chen Wenling has recently advised that a trade deal between the United States and her home country may be imminent, marking the beginning of the end for the damaging conflict between these two nations.
Tuesday, September 17th 2019 - 09:14 UTC
US/China trade talks resume on Thursday but at deputy-level

Deputy-level US-China trade talks are scheduled to start in Washington on Thursday, the US Trade Representative's office said on Monday (Sep 16), paving the way for high-level talks in October aimed at resolving a bitter trade war.
Friday, September 13th 2019 - 11:54 UTC
Chinese private firms return to buy some 600.000 tons of US soybeans

Privately run Chinese firms bought at least 10 boatloads of U.S. soybeans on Thursday, the country's most significant purchases since at least June, traders said, ahead of high-level talks next month aimed at ending a bilateral trade war that has lasted more than a year.
Thursday, September 12th 2019 - 19:31 UTC
US and Beijing agree a brief “cease fire” on 70th anniversary of “red” China

US President Donald Trump said on Wednesday the United States has agreed to delay increasing tariffs on US$250 billion worth of Chinese imports from Oct 1 to Oct 15 “as a gesture of goodwill.”