Trade war

    • Global trade growth to slide further in 2019

      Global trade growth to slide further in 2019

      A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organisation said on Tuesday, 19 February.

      645
    • China cuts taxes to offset slowdown

      China cuts taxes to offset slowdown

      China is currently considering to cut taxes, raise the maximum income levels for tax exempt companies, step up spending and provide financing to private and small enterprises, in order to offset country's worst slowdown since the global financial crisis in 2008 and the impact of its tit-for-tat trade war with the US. In the meantime, Beijing is confident it can keep the value of the currency, the yuan or renminbi, steady while maintaining a stable but flexible monetary policy.

      397
    • US-China trade talks conclude with success

      US-China trade talks conclude with success

      China’s Foreign Ministry announced Wednesday that its trade talks with the US in Beijing had wrapped up, and that results would soon be released. Yet, the length of the negotiations, which extended into an unexpected third day, already fuels optimism that the world’s largest economies can finally strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy.

      427
    • Oil kicks off 2019 with losses

      Oil kicks off 2019 with losses

      Oil markets dropped by around 1 percent in 2019’s first trading on Wednesday, pulled down by surging US output and concerns about an economic slowdown in 2019 as factory activity in China, the world’s biggest oil importer, contracted. International Brent crude futures LCOc1 were at $53.19 per barrel at 0544 GMT, down 61 cents, or 1.1 percent, from their final close of 2018.

      627
    • White House to bar Huawei, ZTE purchases

      White House to bar Huawei, ZTE purchases

      US pressure on Chinese telecommunications equipment providers was increased once again yesterday after Reuters reported that President Donald Trump is considering an executive order to declare a national emergency, which would bar US companies from using network gear made by two of the world’s biggest telecoms equipment suppliers - Huawei Technologies and ZTE Corp. The planned order follows a passage of a defence policy bill in August that was never issued, but reportedly barred the US government itself from using Huawei and ZTE equipment.

      460
    • China-US trade talks progress, markets rally

      China-US trade talks progress, markets rally

      Just over a week after President Donald Trump and Chinese President Xi Jinping reached a temporary truce at the G20 summit, the world's two largest economies finally began showing signs of progress in talks to end their trade war after months of stonewalling.

      430
    • Trump unites Japan, China

      Trump unites Japan, China

      China’s ceremonial welcome for Japanese Prime Minister Shinzo Abe in Beijing on October 26 would have been completely out of the question a few years ago. Especially since history remembers how Chinese protesters in 2012 boycotted Japanese products and smashed cars outside the Japanese Embassy over Tokyo’s move to nationalise disputed islands, known as the Senkaku in Japan and as the Diaoyu in China, in the East China Sea.Two years later, when Abe met Chinese President Xi Jinping on the sidelines of a regional meeting in Beijing, the atmosphere was still chilly with the two sides still being  at odds over past military confrontations and territorial disputes.

      457
    • Trump announces new tariffs on Chinese goods

      Trump announces new tariffs on Chinese goods

      US President Donald Trump announced, as earlier expected, that he would impose 10 percent tariffs on $200bn worth of Chinese imports next week, and that the surcharge will potentially jump to 25 percent by the end of 2018. Once the new round of tariffs takes effect on 24 September, punitive duties will be in place on roughly half of the products the US buys from China – its largest source of imported merchandise. 

      431
    • Trump set to impose new tariffs on China

      Trump set to impose new tariffs on China

      Talks between China and the US aimed at defusing trade tension between the two nations are at risk amid fresh threats from the White House of tariffs on $200bn of Chinese imports. According to several media reports Beijing is considering declining the offer of talks led by US Treasury Secretary Steven Mnuchin as it isn't prepared to negotiate with a "gun pointed to its head" and is also considering potential retaliation steps.

      479
    • Xi, Putin vow to boost bilateral ties, trade

      Xi, Putin vow to boost bilateral ties, trade

      Chinese President Xi Jinping and his Russian counterpart Vladimir Putin expressed their firm determination to unswervingly safeguard bilateral ties as the two nations seek to counterbalance the United States’ power on the international stage and Moscow stages its biggest military exercises since the height of the Cold War with Chinese participation.

      423