The world’s two largest economies are once again battling for dominance. In the latest exchange between U.S. President Donald Trump and Chinese leader Xi Jinping, Beijing is using financial markets as leverage in the trade war, betting that a sustained … Read More
BEIJING, Oct 20 (Reuters) – China’s economic growth slowed to the weakest pace in a year in the third quarter as fragile domestic demand left it heavily reliant on the humming of its exporting factories, stoking concerns about deepening structural … Read More
WASHINGTON, April 23 (Reuters) – U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump’s administration signaled openness to de-escalating a trade war between the world’s … Read More
Ten tariff questions aren’t being asked — but should be. 1) President Trump’s so-called “trade war.” Many call the American effort to obtain either tariff parity or a reduction in the roughly $1 trillion trade deficit and 50 years of … Read More
China’s tit-for-tat import taxes on some American goods came into effect on Monday, as the trade war between the world’s two biggest economies escalates and US President Donald Trump threatens to hit more countries with tariffs. Beijing announced the plan … Read More
BEIJING, June 21 (Reuters) – Beijing warned on Friday that escalating frictions with the European Union over electric vehicle imports could trigger a trade war, as Germany’s economy minister arrived in the Chinese capital with the proposed tariffs high on … Read More
Leadership focuses on domestic agenda to suggest it is not caving in to US demands, analyst says China will try to develop “a powerful home market” to help offset external uncertainties next year, the country’s top leadership agreed on Thursday, … Read More
Europe’s economy turned in its best performance in decades in 2017. There won’t be a repeat anytime soon. Growth is expected to slow dramatically this year as Europe grapples with new trade barriers, uncertainty over Brexit and political spats that … Read More
Peoples’ Liberation Army (PLA) soldiers arrive to perform honor guard duties for a visiting head of state in Beijing on July 9, 2018. File Photo by Stephen Shaver/UPI Sept. 21 (UPI) — China and Russia reacted strongly Friday to another round … Read More
(CNN) President Donald Trump is urging his administration to move ahead with slapping tariffs on $200 billion of Chinese goods, according to a person familiar with the plans. The timing of an announcement remains unclear. Trump met with top aides earlier this … Read More