Tag: trade war

Thursday, May 23rd 2019 - 08:49 UTC
President Xi tells China to prepare for increasingly complex and difficult times

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.
Thursday, May 23rd 2019 - 08:18 UTC
At least a month before US imposes more tariffs on US$ 300bn of Chinese products

The United States is at least a month from enacting its proposed tariffs on US$ 300 billion in Chinese imports as it studies the impact on US consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
Tuesday, May 21st 2019 - 09:50 UTC
Trump says trade dispute with Beijing is making companies move out of China

President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a “50-50” deal.
Tuesday, May 21st 2019 - 09:12 UTC
US eases some restrictions imposed on Huawei for 90 days

The US government on Monday eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences.
Saturday, May 18th 2019 - 08:26 UTC
Beijing replies to the US via the official media: Washington has “fragile nerves”

The United States has “fabricated” accusations that China forces firms to hand over technology in exchange for market access, China's top Communist Party newspaper said on Saturday, the latest salvo in a bitter trade war.
Friday, May 17th 2019 - 09:29 UTC
Beijing cancels major pork order from the US; China a leading market for US hog industry

The same week United States President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 metric tons of US pork - the biggest cancellation in more than a year, according to US Department of Agriculture data released on Thursday.
Thursday, May 16th 2019 - 09:41 UTC
Xi promises a far more open China to the world, despite the trade dispute with US

Chinese President Xi Jinping has pledged that his country will be even more open to the world and debunked the notion of a “clash of civilization ”, even as his country remains mired in a trade war with the United States.
Wednesday, May 15th 2019 - 09:05 UTC
Trump's “little squabble” with China pinching farmers' pockets and his electoral base

US farmers, who are major exporters of pork and soy, are caught in the middle of President Donald Trump's trade wars. And farmers along with the industries that support them, are also key voters.
Wednesday, May 15th 2019 - 08:43 UTC
China reports weaker industrial output and retail sales during April: stimuli round the corner?

China on Wednesday reported surprisingly weaker growth in industrial output and retail sales for April, reinforcing expectations that Beijing needs to roll out more stimulus measures as the trade war with the United States escalates.
Tuesday, May 14th 2019 - 09:45 UTC
Brazil's Real slides past 4.00 to the US dollar as China/US trade dispute escalates

Brazil’s Real weakened past 4.00 per dollar for the first time in three weeks on Monday as an escalation in the U.S.-China trade war sent emerging markets reeling and a weekly snapshot of domestic growth forecasts fell to a new 2019 low.