John Bolton is the latest ally of U.S. President Donald Trump to condemn China for its detentions of Canadians amidst a dispute with the Americans over Huawei. In a tweet on Monday, Bolton — the…
Monthly Archives For May 2019
Escalating US-China trade war sends stocks plunging
Technology stocks led the way lower … Analysts have warned that failed trade talks and the deterioration in relations will put a dent in the U.S. and China’s economic prospects. The Dow dove 711 ……
China to hike tariffs on $60 billion in U.S. goods
Trump started raising tariffs last July over complaints China steals or pressures companies to hand over technology. Washington wants Beijing to roll back plans for government-led creation of Chinese … ( read original story …)
China Announces Tariff Retaliation to Take Effect on June 1
(Bloomberg) — China announced that it will increase tariffs imposed on … The tariffs will take effect on June 1, according to a statement on the Ministry of Finance’s website on Monday. The charges ……
China retaliates on tariffs, stock markets go into a slide
“Both sides will pay,” he told Fox News. The highest tariffs announced by China will apply to industrial chemicals, electronic equipment, precision machinery and hundreds of food products. Beijing is … ( read original story…
China says U.S. policies are causing existential damage to the WTO
China said on Monday that U.S. policies are threatening the existence of the World Trade Organization, setting out a string of grievances in a WTO “reform proposal” published by the WTO on its website ……
China Mobile somehow surprised at FCC snub
There was no squabbling over party-politics here; both the Republicans and the Democrats agree China Mobile should not be allowed a licence to operate telco services in the US. Making an entry for the ……
China to retaliate in a moderate way not to provoke a further escalation – Danske Bank
“China today retaliated against Trump’s tariffs. On the surface it looks like a measured response but China is also likely to stop purchases of US agricultural goods and other products,” argue Danske … ( read…
China stocks fall, yuan at FOUR-month low as U.S. trade talks stall
Worries over the trade impasse also hit China’s currency, which was dragged lower by heavy corporate demand for the greenback. Prior to the market open, the People’s Bank of China (PBOC) lowered the … (…
Trump fact check: A ‘fog of misinformation’ on the trade dispute with China, AP finds
The burden of Trump’s tariffs on imports from China and other countries falls entirely on U.S. consumers and businesses that buy imports, said a study in March by economists from the Federal Reserve … (…
Why Trump’s trade war with China could quickly send stocks down more than 10%
A 10% correction could be what we are looking at,” veteran strategist Matt Maley at Miller Tabak said on Yahoo Finance’s The First Trade Monday. Maley contends that still high stock valuations coupled … (…
China to slap tariffs on U.S. goods despite Trump warning
China’s finance ministry said it plans to set import tariffs ranging from 5% to 25% on 5,140 U.S. products on a revised $60 billion target list. It said the tariffs will take effect on June…
China to impose tariffs on $60 billion of U.S. goods
HONG KONG (Reuters) – China plans to impose tariffs on $60 billion worth of U.S. goods, the finance ministry said on Monday, after the United States escalated a bitter trade war with a tariff hike…
