Monday, 25 January 2021

Tag Archives: China

EU, China and Russia in move to sidestep US sanctions on Iran

NEW YORK: The European Union, Iran, China and Russia have set out a plan to sidestep unilateral US sanctions designed to cripple the Iranian economy and force the Iranians to renegotiate the nuclear deal signed in 2015. European diplomats hope the proposed measure – known as a special purpose vehicle ...

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EU launches Asia strategy to rival China’s ‘new Silk Road’

BRUSSELS: As doubts grow over China’s vast “Belt and Road” trade infrastructure project, the EU is launching an alternative plan for Asia that it says will not saddle countries with debt they cannot repay. EU member countries are expected to sign off on the new “Asia connectivity strategy” – which ...

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China says can’t hold US trade talks with ‘knife to the throat’

BEIJING: China said it was impossible to hold trade talks with the United States while Washington is imposing tariffs that are like “holding a knife to someone’s throat”. Speaking a day after Washington activated tariffs on $200 billion in Chinese goods, vice commerce minister Wang Shouwen said China is open ...

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Trump’s tariffs on $200 bn of Chinese imports kick in

WASHINGTON: Donald Trump’s threatened tariffs on another $200 billion of Chinese imports took effect on Monday, escalating a trade war between the world’s top two economies that is clouding the global outlook. The latest volley against Beijing brings the amount of goods hit by duties to more than $250 billion, ...

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Hong Kong bans pro-independence party

HONG KONG banned a political party which promotes independence, a first since the city was handed back to China by Britain 21 years ago as Beijing ups pressure on any challenges to its sovereignty. Semi-autonomous Hong Kong enjoys freedoms unseen on the mainland including freedom of expression but the space ...

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US-China trade war enters new phase

WASHINGTON/BEIJING: President Donald Trump on Monday effectively broadsided one of the world’s largest trade relationships, announcing plans to proceed with tariffs on another $200 billion in US imports of Chinese goods. Taken with the $50 billion in tariffs already in place, this means roughly half of everything Americans buy from ...

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Putin says Russia and China to reduce use of dollar in trade

MOSCOW: Russian President Vladimir Putin said Moscow and Beijing plan to use their own national currencies more often in trade deals as Russia’s relations with the West deteriorate. “The Russian and Chinese sides confirmed their interest in using national currencies more actively in reciprocal payments,” Putin told journalists during a ...

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Trump tells Apple to make products in US to avoid China tariffs

WASHINGTON: US President Trump tweeted that Apple Inc should make products inside the United States if it wants to avoid tariffs on Chinese imports, Reuters reported. The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a “wide range” of Apple products, including ...

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China vows response if US imposes tariffs

BEIJING: China is ready to retaliate if US President Donald Trump goes ahead with a tariff hike on $200b worth of Chinese goods and is confident it can maintain “steady and healthy” economic growth. The Trump administration is poised to impose 25 percent penalties on Chinese goods in a new ...

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China fumes as British warship sails near South China Sea islands

BEIJING: China expressed anger on Thursday after a British Royal Navy warship sailed close to islands claimed by China in the South China Sea late last month, saying Britain was engaged in “provocation” and that it had lodged a strong complaint. The HMS Albion, a 22,000 ton amphibious warship carrying ...

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