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Tag Archives: trade war

Equities tumble as Trump revives trade war fears

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 …

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China’s economy shows further signs of weakness

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 …

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Trump announces ‘very substantial’ but partial China trade deal

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 …

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Trump hardens tone on China as trade war rattles economy

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 …

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Equities, yuan take hit as Trump dials up trade war with China

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 …

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