• Trump ready to impose new tariffs on Chinese import

      Trump ready to impose new tariffs on Chinese import

      Trump's administration revealed that it is preparing another round of tariffs on Chinese goods worth $200 billion, deepening the dispute with Beijing and ramping up the US-China trade war. According to a list, released on Tuesday by US Trade Representative Robert Lighthizer, the new tariffs will hit  thousands of additional goods that could face 10% tariffs after a public comment period.

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    • China's Li visits Berlin seeking allies against Trump' tariffs

      China's Li visits Berlin seeking allies against Trump' tariffs

      Chinese Prime Minister Li Keqiang called on Berlin to sweep aside barriers hindering Chinese firms’ investment in Europe, urging German companies “not to be afraid” of cooperating with their Chinese counterparts. Li Keqiang arrived in Germany Sunday for the 5th round of German-Sino intergovernmental consultations and an official visit to the European country. On Monday, German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang sign various agreements before they give a joint news conference.

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    • WTO sees signs of trade tensions starting to affect global economy

      WTO sees signs of trade tensions starting to affect global economy

      Trade barriers being erected by major economies could jeopardise the global economic recovery and their effects are already starting to show, the World Trade Organization said on 4 July in a report on trade restrictions among G20 nations. "This continued escalation poses a serious threat to growth and recovery in all countries, and we are beginning to see this reflected in some forward-looking indicators," WTO Director General Roberto Azevedo said in a statement.

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    • China's $34bn retaliatory tariffs will kick off on Friday

      China's $34bn retaliatory tariffs will kick off on Friday

      China will begin imposing new tariffs of 25% on 545 US products valued at $34bn, including soybeans, fruits, nuts and some dairy products, starting from 6 July. US chip makers and auto makers are also among those facing the brunt of the tit-for-tat tariffs. The Trump administration's own tariffs on up to $50bn worth of goods from China also took effect on Friday, but due to time differences, China's tariffs will kick off 12 hours sooner.

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    • China bans Micron chip sales for alleged patent violations

      China bans Micron chip sales for alleged patent violations

      A Chinese court has temporarily barred Micron from selling 26 products in the country including memory chips, memory sticks and hard drives, Taiwan's United Microelectronics Corporation (UMC) said in a statement late 3 July. UMC filed patent infringement lawsuits against Micron in China in January. A spokesman for Micron, which is based in Idaho, said on 4 July that the company hasn't yet received the court order and won't comment until it does.

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    • Trump tariffs could add $5,000 to price of new vehicle in US

      Trump tariffs could add $5,000 to price of new vehicle in US

      Prices of new cars and trucks could jump by several thousand dollars in the US if President Donald Trump follows through on his threat to raise tariffs on imports, US media comment. The same likely would hold true even if a particular car is made in the US because analysts believe automakers would spread the cost of tariffs among many different vehicles to avoid putting at a disadvantage any of their models made in foreign markets.

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    • EU warns US of major hit if car tariffs imposed

      EU warns US of major hit if car tariffs imposed

      In what could mark a new escalation in trade-war tensions, the European Union threatened fresh tariffs on nearly $300 billion in US products if President Donald Trump follows through with new levies on European car makers. In a letter sent on 29 June to the US Department of Commerce, which was seen by the Financial Times, the European Commission warned that Trump could trigger a devastating global trade war with his auto-tariff threats, which they believe he could carry out soon.

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