Tag: trade war

President Auon condemns Israeli oil, gas exploration in Lebanese territorial waters

Lebanon’s President Michel Aoun demanded Israel on Thursday to halt exploration in an offshore gas field on its southern border amid ongoing dispute over their shared sea frontier. Still technically at war, the two countries last year took part in indirect US-brokered talks to discuss demarcation to clear the way for offshore oil and gas […]

Turkish lira in freefall after Erdoigan sacks bank chief

Turkey’s lira briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan abruptly fired the central bank governor at the weekend and installed a critic of tight policy who is expected to reverse recent rate hikes. Sahap Kavcioglu, a former ruling party lawmaker who shares Erdogan’s unorthodox view that high interest […]

Bahrain worried about US aluminium anti-dumping tax

The US Department of Commerce is preparing to tax aluminum sheet exporters from 18 countries after determining Tuesday they had benefited from subsidies and dumping. The US International Trade Commission (ITC), an independent body, must approve the final decision by April 15 to impose anti-dumping or countervailing duties, a department statement said. President Joe Biden’s […]

Biden rethinking US dispute with Chinese telecom giant Huawei

The CEO and founder of Chinese telecom giant Huawei called Tuesday for a reset with the United States under President Joe Biden, after the firm was battered by sanctions imposed by Donald Trump’s administration. In his first appearance before journalists in a year, Ren Zhengfei said his “confidence in Huawei’s ability to survive has grown” […]

China makes bid to win WTO to its side in face of 'New Cold War'

Chinese President Xi Jinping warned global leaders at an all-virtual Davos forum Monday against starting a “new Cold War” while he championed multilateralism. Representing the only major economy to record economic growth last year, Xi presented himself as the defender of multilateralism, as he did at the same forum four years ago when Donald Trump […]

US angry against discriminatory digital taxes in Turkey, India, Italy, threaten retaliation

Digital services taxes adopted by India, Italy and Turkey discriminate against U.S. companies and are inconsistent with international tax principles, the U.S. Trade Representative’s office said on Wednesday, paving the way for potential retaliatory tariffs. USTR, releasing the findings of its “Section 301” investigations into the digital taxes, said it was not taking specific actions […]

The Great Power Race in GCC Cyberspace

By Nima Khorrami Secure and uninterrupted cyber cooperation is central to successfully fighting conventional wars, defending against hybrid threats, ensuring the security of stationed personnel, monitoring financial transactions and terrorist movements, and enforcing sanctions. As China and the United States have found new venues for conflict over the last decade, cyberspace is no exception. […]

France would welcome a Biden win, for trade's sake

France expects smoother trade relations with the United States should Democratic contender Joe Biden win the presidential vote, with greater alignment on sustainable development and more multilateral cooperation, trade minister Franck Riester said. President Donald Trump has imposed tariffs on French wines in a row over Airbus subsidies, threatened levies on Champagne and luxury handbags […]

Trump backs down on national security and approves TikTok partnership

US President Donald Trump has expressed his approval of a deal that would allow Chinese-owned video-sharing app TikTok to continue operating in the US. Mr Trump told reporters he had given his "blessing" to a partnership between TikTok and US firms Oracle and Walmart. The president had ordered the app to be banned in the […]

US to declare war on Chinese social media platforms

The U.S. Commerce Department plans to issue an order Friday that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20, three officials told Reuters. The officials said the ban on new U.S. downloads of TikTok could be still rescinded by President Donald Trump […]

China charges Trump with stocking flames of new Cold War

China on Thursday accused the United States of stoking a new Cold War because certain politicians were searching for a scapegoat to bolster support ahead of the U.S. presidential election in November. U.S. President Donald Trump identifies China as the West’s main rival, and has accused President Xi Jinping of taking advantage over trade and […]

Pompeo calls China a Frankenstein monster

U.S. Secretary of State Mike Pompeo took fresh aim at China on Thursday and said Washington and its allies must use “more creative and assertive ways” to press the Chinese Communist Party to change its ways, calling it the “mission of our time.” Speaking at the Nixon Library in President Richard Nixon’s birthplace in Yorba […]

White House officials insist Trump doesn't want Chinese to re-elect him

White House trade adviser Peter Navarro on Sunday said he was in the room with President Donald Trump and Chinese President Xi Jinping when they met, but never heard the U.S. president ask for China’s help in winning re-election. Navarro told CNN’s “State of the Union” that the explosive allegation made in a book by […]

Facebook discriminating against Russia, China

Facebook Inc (FB.O) will start labeling Russian, Chinese and other state-controlled media organizations, and later this summer will block any ads from such outlets that target U.S. users, it said on Thursday. The world’s biggest social network will apply the label to Russia’s Sputnik, Iran’s Press TV and China’s Xinhua News, according to a partial […]

US wants to sanctions companies trading with Chinese military

A group of Republican lawmakers plans to unveil legislation this week to keep Americans from investing in foreign defense companies with ties to China’s military, according to a document seen by Reuters, the latest in a string of measures aimed at curbing U.S. funding for China-based firms. Representatives Mike Gallagher, Jim Banks and Doug LaMalfa […]

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