Tag Archives: Trade war


China, tariffs, products, frozen pork, Beijing, imports , slowing economy , trade war, United States.

China to lower import tariffs on frozen pork, avocados from January 1

12 December, 2019 10:00 pm 10:00 pm

BEIJING (Reuters) – China will lower tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year as Beijing looks to boost imports amid a slowing economy and a trade war with the United States. Next year, China will implement temporary import tariffs, which are lower than the most-favored-nation tariffs, … Read More


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Oil prices slip as weak China exports highlight trade war impact

12 December, 2019 9:19 pm 9:19 pm

LONDON (Reuters) – Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage being done to global demand by the trade war between Washington and Beijing. Brent futures were down 44 cents, or 0.68%, at $63.95 per barrel by 0935 … Read More


China US fight allies trade war

US needs allies in fight against China

11 November, 2019 2:13 pm 2:13 pm

WASHINGTON (Reuters) – The US risks becoming increasingly isolated unless it works with allies to oppose predatory of China economic policies, according to a new report that maps out a comprehensive strategy of US partial disengagement from China. The report by the non-profit, non-partisan National Bureau of Asian Research calls for a four-part strategy to … Read More


trade war US European Planes Whisky Europeon planes tariffs

US widens trade war with tariffs on European planes

10 October, 2019 6:38 pm 6:38 pm

LONDON/BRUSSELS/WASHINGTON (Reuters) – The United States on Wednesday said it would slap 10% tariffs on European-made Airbus planes and 25 per cent  duties on French wine, Scotch and Irish whiskies, and cheese from across the continent as punishment for illegal EU aircraft subsidies. The announcement came after the World Trade Organization gave Washington a green … Read More


China US Trade war US Trade Representative’s Office

China, US kick off new round of tariffs in trade war

09 September, 2019 9:55 am 9:55 am

BEIJING/WASHINGTON (Reuters) – The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday – including footwear, smart watches and flat-panel televisions – as China began imposing new duties on US crude, the latest escalation in a bruising trade war. US President Donald Trump said the sides would still meet for … Read More


US-China-trade

As trade war mounts Trump calls on US firms to exit China

08 August, 2019 2:22 am 2:22 am

WASHINGTON/BEIJING (Reuters) – President Donald Trump on Friday pressured US companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion (61.11 billion pounds) in US goods, stoking fears their escalating trade war will tip the global economy into recession. Trump, who has accused China of unfair trade practices and pushed for a deal … Read More


Global-stocks

Major global share markets tumble as recession fears grow

08 August, 2019 3:45 am 3:45 am

NEW YORK – Panic gripped Wall Street on Wednesday as investors fled shares amid fears over a US-China trade war and the health of the global economy. The three main stock markets closed 3% down, with analysts pointing to signals the US may be heading for recession. Weak data from Germany and China, and another … Read More


Oil dives nearly 5% to seven-month low on surprise US stock build, trade wa...

08 August, 2019 12:39 am 12:39 am

HOUSTON (Reuters) – Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in US crude stockpiles and fears that demand will shrink due to Washington’s escalating trade war with Beijing. Brent crude futures LCOc1 settled down $2.71, or 4.6%, at $56.23 a barrel, the … Read More


trade war global impact Trump China

Trump rejects fears of trade war; China sees severe global impact

08 August, 2019 9:00 am 9:00 am

WASHINGTON/BEIJING/SHANGHAI (Reuters) – US President Donald Trump rejected fears of a protracted trade war with China despite a warning from Beijing that labeling it a currency manipulator would have severe consequences for the global financial order. Trump, who announced last week he would slap a 10% tariff on a further $300 billion in Chinese imports … Read More


Oil plunges 3% as trade war concerns hit demand outlook

08 August, 2019 12:35 am 12:35 am

NEW YORK (Reuters) – Global oil benchmark Brent futures fell more than 3 per cent on Monday on global growth concerns after US President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers. Brent crude LCOc1 fell $2.08, or 3.36%, to settle at $59.81 … Read More


China’s economy grows at slowest pace in second quarter since 1990s

07 July, 2019 8:54 am 8:54 am

BEIJING (Web Desk) – China’s economic growth slowed in the second quarter to its weakest pace since the early 1990s, official figures showed. In the three months to June, the economy grew 6.2% from a year earlier. The result was in line with forecasts. China has moved to stimulate its economy this year by boosting … Read More


Oil prices tread water as market eyes global geopolitical risks

07 July, 2019 9:45 am 9:45 am

TOKYO (Reuters) – Crude oil prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-US trade war on the global economy, although last week’s better-than-expected US jobs data offered some support. Brent crude futures LCOc1 were down 3 cents by 0300 GMT at $64.20. U.S. West Texas Intermediate … Read More


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Trump, Xi set for high-stakes trade war talks in Japan

06 June, 2019 8:43 am 8:43 am

OSAKA (Reuters) – US President Donald Trump and Chinese President Xi Jinping are set for a high-stakes meeting in Japan on Saturday that could salvage trade talks or plunge the world’s two largest economies into a deeper trade war. The dispute has already cost companies in both countries billions of dollars, disrupted global manufacturing and … 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


Trade wars cost US, China billions of dollars each in 2018

12 December, 2018 8:55 am 8:55 am

CHICAGO (Reuters) – The US , China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology  and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including U.S. soybean crushing benefited from the dispute, it had an … Read More