Sunday, 24 March 2019

Tag Archives: trade war

Italian economy enters technical recession

ROME: The Italian economy contracted 0.2 percent in the fourth quarter of 2018 quarter-on-quarter, and the country has entered a technical recession, with its economy reaching the lowest level over the past five years, the Italian National Institute of Statistics (Istat) revealed. Italy’s GDP has been falling for two quarters ...

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Trade wars cost US, China billions of dollars each in 2018

CHICAGO : The US-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, ...

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US, China agree to trade war ceasefire

BUENOS AIRES: US President Donald Trump and China’s Xi Jinping agreed Saturday to suspend any new tariffs in the escalating trade war between the world’s two largest economies, even if huge existing duties will remain in place. Following more than two hours of dinner talks between the two leaders, the ...

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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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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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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 delegation will visit U.S. to address trade war

China’s commerce ministry said it will send a delegation to the United States this month for talks aimed at easing the contentious trade war. Commerce Vice-Minister Wang Shouwen will lead the delegation to meet U.S. Treasury Undersecretary David Malpass, to discuss “economic and trade issues” at the invitation of the ...

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Trade war: US lists next $200 bn Chinese goods to face tariffs

WASHINGTON: The United States late Tuesday announced it was starting the process to slap 10 percent tariffs on another $200 billion in Chinese export goods as soon as September, escalating the trade war between the world’s two largest economies. President Donald Trump vowed to hit back on a growing list ...

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Asian markets rise as China and US agree to avert trade war

BEIJING: Asian markets rallied Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war . After high-level talks in Washington the two economic superpowers revealed a deal had been hammered out, ending months of ...

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