Tag Archives: tariff


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China warns of long road ahead for deal with US after ice-breaking talks

06 June, 2019 8:29 am 8:29 am

OSAKA (Reuters) – China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries’ presidents held ice-breaking talks in Japan. The world’s two largest economies are in the midst of a … Read More



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India to impose retaliatory tariffs on 28 US goods

06 June, 2019 12:43 pm 12:43 pm

NEW DELHI (Reuters) – India will impose higher retaliatory tariffs on 28 US products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi. The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald Trump took office in … Read More



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Minor clashes break out on 30th weekend of French ‘yellow vests’...

06 June, 2019 10:00 am 10:00 am

PARIS (Reuters) – Minor clashes broke out during the 30th consecutive weekend of “yellow vests” anti-government protests in France, although the numbers of demonstrators remained well below earlier peaks. French television showed a handful of protesters throwing objects at police vans in Drancy, a suburban town near northern Paris, while police also used tear gas … Read More



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Britain to launch new scheme to pay households for unused renewable power

Britain to launch new scheme to pay households for unused renewable power

06 June, 2019 9:47 am 9:47 am

LONDON (Reuters) – Britain will launch a new scheme to pay households producing energy from renewable sources, such as solar panels, for their surplus electricity, the government said on Sunday. Around 800,000 homes in Britain have solar panels installed and the scheme will replace a feed-in-tariff system which ended in April. “The new smart export … Read More



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Trump is confident Mexico will enforce new immigration deal

06 June, 2019 9:01 am 9:01 am

WASHINGTON (Reuters) – US President Donald Trump predicted Mexico would strongly enforce a new deal under which it agreed to expand a controversial asylum programme and boost security on its southern border to stem Central American migrants trying to reach the United States. The deal, announced on Friday after three days of negotiations in Washington, … Read More



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Facebook suspends app pre-installs on Huawei phones

06 June, 2019 8:45 am 8:45 am

SAN FRANCISCO (Reuters) – Facebook Inc is no longer allowing pre-installation of its apps on Huawei phones, the latest blow for the Chinese tech giant as it struggles to keep its business afloat in the face of a US ban on its purchase of American parts and software. Customers who already have Huawei phones will … Read More



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Trump calls off tariffs on Mexico after deal on migration

06 June, 2019 8:22 am 8:22 am

WASHINGTON (Reuters) – The United States and Mexico reached a deal to avert a tariff war, with Mexico pledging to take “strong measures” to contain the migration of mostly Central Americans crossing the southern US border, a surge in recent months that has overwhelmed US resources. US President Donald Trump, who has continually railed against … Read More



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BMW sells cars globally despite tariffs: board member

06 June, 2019 8:38 am 8:38 am

SAN LUIS POTOSI, Mexico (Reuters) – BMW sees no reason to change its plans for Mexico in the wake of US threats to slap duties on Mexican imports, a board member of the German carmaker said adding the company sells cars globally despite tariffs placed by most countries on imported vehicles. The automaker also foresees … Read More



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As Mexico-US talks progress, markets rise on hopes a deal could be close

06 June, 2019 8:06 am 8:06 am

WASHINGTON (Reuters) – Mexican and US officials held a second day of talks on trade and migration with markets rebounding on optimism a deal could be close, although it was unclear if Mexican pledges to curb migration flows were enough to persuade the Trump administration to postpone tariffs. US President Donald Trump has warned that … Read More



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Asia markets cautious as Trump presses Mexico on trade

06 June, 2019 8:30 am 8:30 am

SYDNEY (Reuters) – Asian shares got off to a hesitant start on Thursday as investors feared a looming US trade war with Mexico would further depress global growth, even as they wagered central banks would have to respond with fresh stimulus. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.01% in sparse early trade. … Read More



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Huawei shipments could fall by up to a quarter this year: analysts

05 May, 2019 9:59 am 9:59 am

HONG KONG/SHANGHAI (Reuters) – China’s Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Smartphone shipments at Huawei, the world’s second-largest smartphone maker by volume, could tumble between 4% and 24% in … Read More



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US lifts tariffs on Canadian, Mexican metals in boost for trade pact

05 May, 2019 8:33 am 8:33 am

WASHINGTON (Reuters) – The United States struck deals to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact. The separate agreements, which will not impose US quotas on Canadian and Mexican metals shipments, will also … Read More



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China, US to hold more trade talks as Trump ratchets up tariff threat

05 May, 2019 8:03 am 8:03 am

WASHINGTON (Reuters) – 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 … Read More



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US rejects Tesla bid for tariff exemption for Autopilot ‘brain’

05 May, 2019 8:18 am 8:18 am

WASHINGTON (Reuters) – US trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric vehicles, one of more than 1,000 product denials linked to China’s industrial development plans. According to documents filed by the US Trade Representative’s office (USTR) … Read More



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Mexico eyes fresh US targets for tariffs to pressure Trump over steel

03 March, 2019 8:29 am 8:29 am

MEXICO CITY (Reuters) – Mexico’s government threatened to slap duties on new US products in retaliation for the Trump administration’s steel and aluminum tariffs as it seeks to turn up pressure on Washington to exempt it from the measures. US President Donald Trump set tariffs of 25 percent on imported steel and 10 percent on … Read More



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