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Tag Archives: trade war

Qatar promises $15b investment in Turkey: presidency

Qatar pledged $15 billion (Dh55.09 billion) of investment in Turkey that will be channeled into Turkish financial markets and banks, a government source told Reuters yesterday. The investment package was announced after Qatar’s Emir Tamim Bin Hamad Al Thani met President Tayyip Erdogan in Ankara, as Turkey grapples with a …

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Erdogan to boycott iPhones

Turkish President Recep Tayyip Erdogan vowed to boycott American electronics, including Apple Inc.’s iPhone, as he retaliates against Donald Trump’s attempts to isolate his economy. After the US imposed sanctions on two Turkish ministers and amid growing domestic pressure from businesses and banks to contain a currency crisis, Erdogan said …

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China tests hypersonic aircraft that can carry nukes, evade missile defense systems, officials say

As trade tensions between the U.S. and China continue to escalate, Chinese officials announced Friday the country tested its first hypersonic flight vehicle capable of carrying nuclear weapons — and allegedly able to penetrate any missile defense system. The China Academy of Aerospace Aerodynamics, run by state-owned space contractor China …

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Rusal profits surge despite US sanctions

Russian aluminium giant Rusal’s quarterly profit surged thanks to higher market prices for the metal, despite sanctions imposed by Washington. Recurring net profit of Hong Kong-listed Rusal, the world’s largest aluminium producer outside China, was up 75 per cent from a year ago in the second quarter, but 17 per …

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‘Trump’s comments unhelpful’

President Trump’s heated comments are unprecedented and unhelpful, Dalton McGuinty, the former premier of Ontario has said. Speaking to Gulf News on the statements that President Trump made following the G7 summit and its fallout, McGuinty said Canadians stood firmly behind their Prime Minister Trudeau. “Canadians are united behind Prime …

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Trump is starting a global trade war

America’s biggest allies and trade partners are promising to fight back against US tariffs that threaten to spark a global trade war. The European Union, Canada and Mexico said Thursday that they will respond to new US tariffs on steel and aluminum with punitive measures targeting American products worth billions …

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Trump considering steep car import tariff

The US Commerce Department said Wednesday it launched an inquiry that could allow the Trump administration to impose tariffs on auto imports over national security concerns. Commerce Secretary Wilbur Ross announced he initiated a so-called Section 232 investigation on auto trade — which would provide the legal basis to impose …

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