China Plays for Time in Trade War With Subtle Shift in Rhetoric

Officials in Beijing appear to be toning down their responses to Donald Trump’s tariff threats, amid a slowing economy, a falling stock market and a weakening currency. Evidence of the shift continued Thursday when the Commerce Ministry held off detailing how it plans to retaliate against Trump’s latest threat to impose tariffs on $200 billion
Complete Reading

The European Commission on Thursday cut its forecasts for the euro zone’s economic growth this year, citing among the top causes for its revision trade tensions with the United States and rising oil prices which push the bloc’s inflation higher. The slowdown of the euro zone economy is set to affect all major economies of
Complete Reading

Further evidence of Donald Trump’s trade war with China is set to show up in economic data due over the next few days, although it will likely just be a taste of things to come. From exporters of Wi-Fi equipment to households splurging on Maine lobsters and other American goods, China is beginning to adjust
Complete Reading

Greece is approaching the threshold of a full return to the club of stable European countries that can issue debt at will. It can take a big step in that direction by issuing bonds. Officials have perhaps realized this, and they’re gauging investor demand with a U.S. roadshow on their economy. Hopefully, they also realize
Complete Reading

European companies that export from China are changing the global flow of their goods to avoid higher American tariffs, a business group said Tuesday, as the impact of the U.S.-Chinese trade war spreads. Tariff hikes are “hitting immediately the bottom line” of companies that rely on the free flow of trade across countries, said Mats
Complete Reading

That handsome corporate tax cut U.S. businesses won last December is suddenly looking a lot smaller. The latest tariff list released by U.S. Trade Representative Robert Lighthizer on Tuesday threatens to add a 10 percent duty on about $200 billion of imports from China, on top of the 25 percent charge on $50 billion of
Complete Reading

Those who know Donald Trump say it was always going to go this way with China. The New York real estate tycoon began issuing bitter tirades against foreign countries “ripping off” the United States on trade back in the 1980s. At an expletive-laden political rally in Las Vegas in 2011, Trump hinted at a future
Complete Reading

China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods. China’s commerce ministry said on Wednesday it was “shocked” and would complain to the World Trade Organisation, but did not immediately
Complete Reading

GENEVA: “Empowering Women in the Maritime Community” has been selected as the World Maritime Day theme for 2019, the International Maritime Organization (IMO) informed. This will provide an opportunity to raise awareness of the importance of gender equality, in line with the United Nations’ Sustainable Development Goals (SDGs), and to highlight the important contribution of
Complete Reading

MUMBAI: India’s foreign exchange reserves declined by $1.757 billion to $406.058 billion in the week to June 29 owing to fall in foreign currency assets, RBI data showed. In the previous week, reserves had dipped by $2.25 billion to $407.81 billion. Forex reserves had touched a record high of $426.028 billion in the week to
Complete Reading

Create Account



Log In Your Account