China on Monday stepped up its attacks on the Trump administration over billions of dollars’ worth of threatened tariffs, saying Washington is to blame for trade frictions. It also added […]
Tag: Donald Trump
U.S. trade tariffs: China vows to fight back
China on Friday vowed it would fight back “at any cost” with fresh trade measures if the United States continues on its path of protectionism. The announcement came hours after […]
Oil prices rise over possible extension of output cuts
Crude oil prices rose on Friday after the Saudi Energy Minister, Khalid al-Falih, said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019. The […]
U.S. tariffs: EU to seek WTO redress over non-exemption
The European Union says it expects to be excluded from U.S. steel and aluminum tariffs but will go to the World Trade Organization (WTO) to impose its own measures if […]
World Bank chief says U.S. tariffs could affect global trade
The Chief Executive of the World Bank, Kristalina Georgieva, on Thursday urged US President, Donald Trump, to be “careful” before imposing controversial steel and aluminum tariffs, warning that they could […]
EU seeks U.S. tariff exemption- Official
The European Commission Vice President, Jyrki Katainen, said on Thursday that the EU is hoping it will be granted an exemption from U.S. import tariffs. He added that it was […]
IMF chief says trade war will harm global growth
The Head of the International Monetary Fund, Christine Lagarde, warned on Wednesday that a trade war US President Donald Trump apparently intends to provoke with tariffs on steel and aluminum […]
German carmakers insist U.S., Europe trade war must be avoided
German carmakers on Monday said that a trade war between the United States and Europe must be avoided. They expressed their profound concern after U.S. President Donald Trump threatened to […]
Soaring imports push U.S. trade deficit to nine-year high
The U.S. trade deficit widened more than expected in December, hitting its highest level since 2008 as robust domestic demand pushed imports to a record high. The Commerce Department said […]
China urges U.S. not to “politicise” trade issues
China’s Ministry of Commerce Thursday urged the United States not to “politicise” economic and trade issues between the two countries after U.S. President Donald Trump singled out China and Russia […]
BP takes $1.5 billion charge over U.S tax changes, joining Shell
BP will take a one-off $1.5 billion charge in its 2017 fourth quarter earnings as a result of new U.S. corporate income tax rules, joining rival Royal Dutch Shell. The […]
China angered as U.S. considers navy visits to Taiwan
China accused the United States on Thursday of interfering in its internal affairs and said it had lodged a complaint after U.S. President, Donald Trump signed into law an act […]