Friday, 14 December 2018

Tag Archives: US

US, Canada in last-minute NAFTA deal: media

TORONTO: Canadian and US negotiators reached a deal late Sunday on reforming the North American Free Trade Agreement (NAFTA), Canadian media reported, after more than a year of talks triggered by US President Donald Trump’s discontent with the 24-year old pact. CTV cited a high-level American source as saying the ...

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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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Iran points finger at US allies over deadly attack

TEHRAN: Iranian President Hassan Rouhani on Sunday pointed blame at Arab separatists for a deadly attack on a military parade and accused an unnamed US-backed Gulf state of supporting them. Tehran also summoned diplomats from Denmark, the Netherlands and Britain for allegedly hosting members of the group suspected of links ...

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US, Russia clash at UN over North Korea sanctions

NEW YORK: The United States accused Russia of “cheating” on UN sanctions against North Korea with plans for a railway project, oil transfers and ongoing business dealings with Pyongyang. Russia shot back and charged that Washington was blocking steps to foster cooperation between North and South Korea and using a ...

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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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EU, US seek to clear trade talks confusion

BRUSSELS: Top officials from the US and EU meet in Brussels on Monday in an effort to iron out differences on trade talks announced to great fanfare this summer. US President Donald Trump and European Commission head Jean-Claude Juncker in July pledged to hold off from further tit-for-tat tariffs and ...

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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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