BREAKINGBREAKING, US president says Japanese exports will be subject to a 15 percent tariff under the trade agreement. United States President Donald Trump has announced that he has struck a “massive” trade deal with Japan following months of fraught negotiations. Under the agreement announced on Tuesday, the US will impose a 15 percent tariff on … Read more
Indonesian President Prabowo Subianto welcomes deal to lower tariff rate from 32 to 19 percent. Indonesia’s leader has welcomed United States President Donald Trump’s move to slash tariffs for Southeast Asia’s biggest economy, hailing the beginning of a “new era of mutual benefit”. Indonesian President Prabowo Subianto’s remarks on Wednesday came after Trump said he … Read more
China’s GDP grew 1.1 percent from April to June despite US tariffs, official data shows. China’s economy grew by more than 5 percent in the second quarter, according to official data, staying on track to meet Beijing’s annual growth target despite United States President Donald Trump’s trade war. China’s gross domestic product (GDP) expanded by 1.1 … Read more
Ursula von der Leyen says bloc hopes to see negotiated solution to trade tensions. The European Union has delayed retaliatory tariffs on exports from the United States as officials scramble to reach a trade deal with Washington ahead of US President Donald Trump’s August 1 deadline. Ursula von der Leyen, the president of the European … Read more
Polish Prime Minister Donald Tusk revealed the bloc had to be “very innovative … sometimes maybe unpredictable — as our friends from the other side of Atlantic.” Poland currently holds the six-month rotating presidency of the Council of the EU. And Tusk, a former European Council president, is a veteran of Brexit negotiations, having chaired … Read more
Senior delegations expected to discuss fragile tariffs deal in bid to avert trade war between world’s two biggest economies. High-level delegations from the United States and China are to meet in London to try to save a fragile tariffs deal and avert a possible trade war that has already roiled the global economy and sparked … Read more
Teams will try to resolve tariffs war amid spats over China’s curbs on rare minerals and US revocation of student visas. United States President Donald Trump has announced a new round of trade talks with China in an apparent bid to dial down a bitter battle over tariffs between the world’s two biggest economies. The … Read more
Despite slowdown, data points to reliance of Chinese economy in the face of Donald Trump’s tariffs. China’s industrial output and retail sales growth have slowed amid trade tensions with the United States. Factory output grew 6.1 percent year-on-year in April, down from a 7.7 percent rise in March, data released by China’s National Bureau of Statistics showed … Read more
The gathering of Asia-Pacific Economic Cooperation trade ministers is usually a staid meeting, but this year it offered more intrigue and urgency as countries throughout the region scrambled to engage the United States in talks before a 90-day pause on punishing tariffs expires in July. The meeting, which took place this week on South Korea’s … Read more
The US and China have agreed to slash tariffs temporarily in a surprise breakthrough. The United States and China have surprisingly agreed to a dramatic de-escalation in their trade war. Under the agreement, the world’s two largest economies have paused their respective tariffs for 90 days. That breaks an impasse which has brought much of … Read more