Trump announces ‘massive’ trade deal with Japan

Trump announces ‘massive’ trade deal with Japan

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

Indonesia’s Prabowo hails ‘new era’ in US ties after Trump trade deal

Indonesia’s Prabowo hails ‘new era’ in US ties after Trump trade deal

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 economy grows at steady pace despite Trump’s trade war

China’s economy grows at steady pace despite Trump’s trade war

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

EU delays retaliatory tariffs against US amid hopes for trade deal

EU delays retaliatory tariffs against US amid hopes for trade deal

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

EU leaders try to out-bully Trump, floating world trade club without US – POLITICO

EU leaders try to out-bully Trump, floating world trade club without US – POLITICO

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

US and China to take second shot at averting trade war in London talks

US and China to take second shot at averting trade war in London talks

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

Trump announces second round of US trade talks with China next week

Trump announces second round of US trade talks with China next week

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

China’s industrial output, retail sales dip amid US trade tensions

China’s industrial output, retail sales dip amid US trade tensions

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

‘It’s All About Trump’s Tariffs’: Asia Flocks to U.S. Trade Official

‘It’s All About Trump’s Tariffs’: Asia Flocks to U.S. Trade Official

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

Can the US and China end their trade war? | Business and Economy

Can the US and China end their trade war? | Business and Economy

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

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