Tag Archives: trade war

BEIJING, CHINA | Xinhua | Though clashing in many ways, the current U.S. administration and its Republican predecessor have one thing in common: the trade war against China. As recently as February, U.S. utility company Duke Energy, under pressure from Congress, reportedly planned to remove Chinese battery giant CATL from …

Denver, U.S. | Xinhua | Each week, more economists and U.S. policy experts question U.S. President Joe Biden’s delay in dumping his predecessor Donald Trump’s trade war against China, citing the potential benefits being missed. “Talk about missing the boat … it would slow inflation, stimulate the economy, and send an …

Washington, U.S. | Xinhua | Americans for Free Trade, a coalition of more than 150 industry associations that are united in the fight against tariffs, on Tuesday urged the Biden administration to end the “misguided trade war” initiated by the previous administration as tariffs continue to hurt American businesses across the …

Mbarara, Uganda | THE INDEPENDENT | Over 1,500 employees at Pearl Dairy Farms Lts have been laid off, almost a year after the company stopped exporting milk and milk products to Kenya. The yet unresolved trade Uganda-Kenya trade war, first in the dairy sector, and recently with maize, plus the effects …

Hong Kong, China | AFP | Stock markets suffered steep losses Monday, tracking a selloff in New York after Donald Trump sparked fears of a renewed trade war with China over its role in the coronavirus pandemic. Claims by the US president and Secretary of State Mike Pompeo that the disease …

Beijing, China | AFP | China’s economy showed further signs of strain on Thursday with data showing a sharp slowdown in consumer spending and factory production, while investment growth hit a record low as the trade war with the US takes its toll. The readings are the latest to give a …

Washington, United States | AFP | President Donald Trump on Friday hailed a breakthrough in his drawn-out trade war with China, saying the two sides reached an initial deal that included a surge in purchase of American farm products. With the agreement — which also covers intellectual property, financial services and …

Washington, United States | AFP | Amid fresh signs his trade wars are rattling the US economy, President Donald Trump on Tuesday sent stern warnings to China, urging the Pacific power not to drag its feet in trade negotiations. After a month of escalations in the year-long battle with Beijing, Trump …

Hong Kong, China | AFP | Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his trade war with China by hiking tariffs on more than half-a-trillion dollars worth of imports. However, dealers pared earlier steep losses after the president said …

New York, United States | AFP |  The latest lurches in President Donald Trump’s trade war with China set the stage for a potential repeat of late 2018 when goods flooded into America’s ports to beat new tariffs. US importers, retailers and shippers are bracing for a new round of punitive …