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Tag: tariffs

Trump clamps down on TikTok in China trade war

2 years ago
TikTok Chief Executive Officer Kevin Mayer has left short video app firm just three months since joining - and days after TikTok sued the administration of U.S. President Donald Trump over an executive order banning transactions with it in the country. He will be replaced by U.S. General Manager Vanessa Pappas on an interim basis, […]
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Trump hits China with new $200b import tariffs

4 years ago
US President Donald Trump on Monday defied warnings and escalated the trade confrontation with China, hitting the country with tariffs starting next week on another $200 billion (Dh734.5 billion) in imports and threatening to target even more if Beijing retaliates. Trump said China had refused to change the unfair practices that hurt US businesses and […]
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Putin takes another swipe at protectionism, 'sanctions, bans and political bias' 

4 years ago
President Vladimir Putin appeared to take another thinly veiled swipe at Trump's economic policies on Wednesday, a day after Russia and China vowed to stand together to fight protectionism. "The world and global economy are coming up against new forms of protectionism today with different kinds of barriers which are increasing," Russian President Vladimir Putin […]
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Iran sanctions, US tariffs to impact oil prices

4 years ago
Oil is expected to remain volatile this quarter, and the next, as different factors pull prices in opposite directions, analysts say. On the supply side, sanctions on Iranian crude exports, and deeper production losses in Venezuela, are expected to push prices upwards but increased output from Organisation of the Petroleum Exporting Countries (Opec) and non-Opec […]
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Duterte blames ‘friend’ Trump for Philippine economic woes

4 years ago
Philippine President Rodrigo Duterte on Saturday blamed US President Donald Trump after inflation hit a nine-year high in the Philippines, hurting the image of the populist leader. It was an unexpected claim from the fiery Duterte, a one-time fierce critic of the United States but who has since embraced Trump after the business tycoon was […]
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Apple says proposed China tariffs will boost product prices

4 years ago
Apple Inc, the world's most valuable company, said proposed US tariffs on $200 billion (Dh734.6 billion) worth of products imported from China will raise prices for some of its popular consumer goods such as the Apple Watch and AirPods headphones. The Mac mini desktop computer, Apple Pencil stylus accessory for iPads, various chargers and adapters, […]
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China’s Trade Surplus With U.S. Hits New Record

4 years ago
China’s trade surplus with the U.S. hit another record monthly high in August as the world’s second-largest economy faced the threat of more tariffs from the Trump administration. China’s trade surplus with the U.S. widened to $31.05 billion last month from $28.09 billion in July, while its total trade surplus narrowed, data from the General […]
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Trump rejects EU plan to scrap auto tariffs

4 years ago
President Donald Trump on Thursday reportedly rejected as “not good enough” a European Union proposal scrapping tariffs on automobiles, a move which threatens to amplify a simmering trans-Atlantic trade dispute. Just hours earlier, the EU Trade Commissioner Cecilia Malmstroem had said the bloc was “willing to bring down... our car tariffs to zero” provided that […]
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Beijing retaliates as new US tariffs kick in on $16 billion of Chinese goods

4 years ago
A new round of U.S. tariffs on $16 billion worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The latest trade escalation comes as officials from the world's two largest economies meet for tariff negotiations in Washington. At 12.01 a.m. EDT […]
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China, US to resume trade talks in late August

4 years ago
China will send a senior negotiator to the United States in late August to resume trade talks, its commerce ministry said on Thursday, the first public meeting on the dispute in weeks as the trade conflict intensifies. Beijing and Washington have slapped tariffs on tens of billions of dollars worth of each other’s goods since […]
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China tariffs on LNG, oil aim at US energy dominance agenda

4 years ago
China’s proposed tariffs on US liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing US energy export prowess. China included LNG for the first time in its list of proposed tariffs on Friday, the same […]
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China tempts Britain with free trade, says door to US talks open

4 years ago
China offered Britain talks on a post-Brexit free trade deal on Monday, reaching out to London as Beijing remains mired in an increasingly bitter trade war with Washington, even as a senior Chinese diplomat reiterated its door remained open for dialogue. China has been looking for allies in its fight with the United States, initiated […]
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Trade tensions, output rise to impact oil prices

4 years ago
Oil prices are likely to trend lower this week due to the rise in trade tensions as well as the ramping of oil production by major oil producers like Saudi Arabia and Russia, experts said. Saudi Arabia, along with UAE, Kuwait and Russia, are increasing production close to one million barrels per day in line […]
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Brics want world to play by WTO rules as Trump seeks more duties

4 years ago
Brazil, Russia, India, China and South Africa want a rules-based multilateral trade system as embodied by the World Trade Organisation to be central to global commerce as the Brics block’s biggest member faces billions of dollars of additional tariffs from the US. “We recognise that the multilateral trading system is facing unprecedented challenges,” the Brics […]
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Trump announces trade concessions from EU officials on soybeans, energy, tariffs

4 years ago
President Trump announced Wednesday that he has secured major trade concessions from European Union officials as part of an effort to head off a trade war between the U.S. and the E.U. After talks at the White House with E.U. officials, Trump announced in a joint Rose Garden appearance that the delegation had agreed to […]
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