Trade war

    • China to ditch all foreign software and hardware by 2022

      China to ditch all foreign software and hardware by 2022

      China has reportedly ordered all foreign PC hardware and operating systems to be replaced in the next three years, intensifying an ongoing tech war. The country has attempted this sort of thing before halfheartedly, but this is the most serious effort yet to isolate itself from the influence of the western technology sector.

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    • US, China 'close' on some parts of trade deal

      US, China 'close' on some parts of trade deal

      The US and China are reportedly “close to finalising” the first phase of a trade agreement after high-level officials spoke over the phone Friday, the US Trade Representative’s office announced. If successful, the first phase of the deal would postpone an upcoming increase of tariffs on Chinese goods in exchange for Beijing drastically increasing imports of American crops.

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    • US suspends tariff hike, as phase one of China trade deal reached

      US suspends tariff hike, as phase one of China trade deal reached

      US and Chinese trade negotiators on Friday reached agreement on some of the key US demands, including intellectual property and financial services, producing what US President Donald Trump called phase one of a "substantial deal”, news wires reported. In exchange the US agreed to postpone a tariffs increase from 25% to 30%, set to take effect on Tuesday on billions of dollars of imported Chinese goods.

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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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    • Washington slaps fresh tariffs on the EU

      Washington slaps fresh tariffs on the EU

      The US will hit the European Union with fresh tariff on $7.5bn worth of goods, starting 18 October, news wires reported. The move follows a ruling by the World Trade Organization (WTO) which allowed Washington to impose duties on the bloc in retaliation for its subsidies to aircraft maker Airbus. The annual sum is the largest so-called countermeasure that the Geneva-based trade body has ever granted in a trade dispute.

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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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    • 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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    • South Korea urges dialogue with Japan

      South Korea urges dialogue with Japan

      In a speech marking the 74th anniversary of Korea's liberation from Japan's rule from 1910 to 1945, South Korea’s President Moon Jae-in on Thursday urged Japan to contemplate its wartime past and offered to engage in talks to repair strained ties, while Japan pledged to never repeat the horrors of war.

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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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