• China adds tariffs on $60bn of US goods

      China adds tariffs on $60bn of US goods

      China announced on Monday it was raising tariffs on $60bn of US goods in retaliation for the latest hike in US tariffs on its exports. The Finance Ministry in Beijing said the new penalty duties of 5% to 25% on hundreds of US products including batteries, spinach and coffee will take effect on 1 June.

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    • US-China trade negotiation ends without deal

      US-China trade negotiation ends without deal

      China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said, as US President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Liu voiced a measured optimism on reaching a deal, but said there were “issues of principle” on which China would not back down. The United States escalated a tariff war with China on Friday by hiking levies on $200 billion worth of Chinese goods in the midst of last-ditch talks to rescue a trade deal. Trump issued orders for the tariff increase, saying China “broke the deal” by reneging on earlier commitments made during months of negotiations.

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    • Crucial week for the US-China trade war

      Crucial week for the US-China trade war

      Chinese Vice Premier Liu He will travel to Washington for two days of trade talks this week, China said on Tuesday, setting up a last-ditch bid for a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by US President Donald Trump. US officials have accused China of reneging in the past week on substantial commitments made during months of negotiations aimed at ending their trade war, prompting Trump to issue a new deadline to raise tariffs on $200 billion worth of Chinese goods to 25% from 10%.

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    • US-China fresh tensions threaten the world economy

      US-China fresh tensions threaten the world economy

      The IMF chief Christine Lagarde said on Tuesday that fresh trade tensions between the United States and China were the main threat to the world economy. Lagarde told journalists at a conference in Paris, entitled "Sustainable Debt for Sustainable Growth", that recent "rumours and tweets" made an agreement between the US and China less likely, news wires reported. President Donald Trump jolted global markets on Monday by threatening on Twitter that tariffs already imposed on $200bn in Chinese exports to US would more than double to 25% on Friday from their current level of 10%.

      17
    • US sending trade delegation to China next week

      US sending trade delegation to China next week

      The US will send a high-level delegation to Beijing next week as trade negotiations with China continue, the White House said. As a statement from Press Secretary Sarah Huckabee Sanders reads, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will head to Beijing, where they will meet with Chinese Vice Premier Liu He for talks that start on 30 April.

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    • US-China trade talks nearing 'final round'

      US-China trade talks nearing 'final round'

      US Treasury Secretary Steven Mnuchin said on Saturday that a US-China trade agreement would go “way beyond” previous efforts to open China’s markets to US companies and expressed hope that the two sides are edging “close to the final round” of negotiations. He also called the agreement under discussion “the most significant change in the trading relationship in 40 years,” adding that it would have “real enforcement on both sides.”

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    • EU-China: reinforcing ties

      EU-China: reinforcing ties

      European Council President Donald Tusk, European Commission President Jean-Claude Juncker and Li Keqiang, Premier of the State Council of the People's Republic of China, met on 9 April in Brussels for the 21st EU-China Summit to add new dynamics for reinforcing the cooperation between the two parties. The EU is China's largest trading partner and China is the EU's second largest.

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    • EU countries approve launch of US trade talks

      EU countries approve launch of US trade talks

      EU Member States gave the green light on Thursday for Brussels to open trade talks with Washington, ending months of stalemate due to opposition from France. Yet, France said it would nonetheless make a show of opposing the start of the talks when the negotiating mandate is put to a vote of EU agriculture ministers on Monday, seen as largely symbolic.

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    • US warns of new tariffs on EU goods

      US warns of new tariffs on EU goods

      The United States is threatening to slap tariffs on billions of dollars' worth of imports from Europe, in retaliation for what it calls unfair subsidies of Airbus jets. The proposed tariffs would cover not only aircraft but also wine, cheese, woolen suits, Swiss knives and other signature European products. The proposed levies were announced by President Donald Trump, who argued on Twitter that the EU has "taken advantage of the US on trade for many years" and is now time for a change.

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