• WTO formally backs US tariffs on EU goods

      WTO formally backs US tariffs on EU goods

      The World Trade Organisation (WTO) formally ruled on Monday that the United States is free to take countermeasures against the European Union and Airbus-producing countries Britain, France, Germany, and Spain. This way the President Donald Trump administration no longer faces any legal obstacles for its set of previously scheduled sanctions on billions of dollars of European products that could now take effect on Friday.

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    • US adds eight Chinese firms to trade blacklist

      US adds eight Chinese firms to trade blacklist

      The US government widened its trade blacklist to include some of China’s top artificial intelligence startups, ratcheting up tensions ahead of high-level trade talks in Washington this week. The decision, which drew a sharp rebuke from Beijing, targets 20 Chinese public security bureaus and eight companies including video surveillance firm Hikvision, as well as leaders in facial recognition technology SenseTime Group Ltd and Megvii Technology Ltd.

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    • Airbus CEO warns of aviation trade war danger

      Airbus CEO warns of aviation trade war danger

      An escalating battle over aircraft subsidies between the US and the European Union threatens to damage both sides, said Airbus SE Chief Executive Officer Guillaume Faury. He will thus continue to advocate for a settlement between the two sides before the imposition of tariffs becomes a "lose-lose game" for both of them.

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    • Trump announces 'first stage' of Japan trade deal

      Trump announces 'first stage' of Japan trade deal

      US President Donald Trump announced on Wednesday that Washington and Tokyo had taken a major step towards sealing a comprehensive new trade deal, after a year of negotiations between the global economic powers. Sitting next to Japanese Prime Minister Shinzo Abe, Trump said the leaders "formally announce the first stage of a phenomenal new trade agreement. The pact is a rare trade success for the president who has struggled to secure pacts with other trade partners, including China.

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    • US to hit China with new set of tariffs

      US to hit China with new set of tariffs

      In a sharp escalation of the Trans-Pacific trade war the US is on a way to impose fresh tariffs on a range of Chinese goods, news wires reported. Starting from 1 September, a renge of Chinese products will be hit with 15% duties worth billions of dollars. By the end of the year, Washington aims to impose tariffs on almost all Chinese imports into the US. Beijing reacted by saying it has "ample" means to retaliate, while also calling for both sides to continue trade negotiations.

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    • Signs of hope in US-China trade war

      Signs of hope in US-China trade war

      US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump's administration announced it is delaying tariffs on key consumer electronic goods imported from China. News that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war that had been escalating in recent weeks.

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