TRADE WARS

News About World Trade

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China GDP grows at slowest pace in more than four decades in 2020
Jan 18, 2021 (AFP)
Covid-19, which has ravaged the world economy, first emerged in central China in late 2019. But the world's second-largest economy also became the first to boun...
Samsung chief jailed for 2.5 years over corruption scandal
Jan 18, 2021 (AFP)
Lee Jae-yong, vice-chairman of Samsung Electronics, the world's biggest smartphone and memory chip maker, was found guilty of bribery and embezzlement in connec...
Hong Kong government slams US for 'insane' sanctions
Jan 16, 2021 (AFP)
The US announced on Friday it was imposing sanctions on the half dozen officials, including Hong Kong's sole representative to China's top lawmaking body, over ...
Relaxing China tariffs would help US economy, report says
Jan 15, 2021 (AFP)
The report released Thursday came as the United States awaits the inauguration of President-elect Joe Biden on Wednesday, who is expected to detail his trade po...
China's 2020 GDP growth slowest in over four decades: AFP poll
Jan 15, 2021 (AFP)
The average forecast of analysts from 13 financial institutions was a 2.0 percent expansion for the world's second-largest economy, down sharply from 6.1 percen...
Asian markets struggle after Biden unveils huge stimulus plan
Jan 15, 2021 (AFP)
Reassurances from Federal Reserve boss Jerome Powell that record-low interest rates and loose monetary policy would remain in place for some time removed some l...
Most markets rise in Asia with Biden stimulus plan in focus
Jan 14, 2021 (AFP)
News that Donald Trump had been impeached for a historic second time appeared to have little immediate impact on sentiment, despite worries about more unrest ac...
China's Xi pens letter to Starbucks tycoon to promote trade
Jan 14, 2021 (AFP)
Xi, responding to an earlier message from Schultz, urged the multi-billionaire to "continue to play an active role in promoting China-US economic and trade coop...
China trade surplus with US widens 7.1% to $317 bn in 2020
Jan 14, 2021 (AFP)
The pick-up came on the back of a jump in exports through most of last year as China's factories kicked back into gear from the second quarter following a stric...
UK PM warns against 'unthinking sinophobia' in China ties
Jan 13, 2021 (AFP)
"I don't want this country or this government to lurch into a position of unthinking sinophobia," he told the heads of parliament's select committees. "There's ...
NASA readies Astrobee flying robots for serious space science
Jan 12, 2021 (UPI)
The cube-shaped machines float in the microgravity of orbit and use jets of compressed air to maneuver. Astrobees can be operated by the space station crew or b...
Security concerns block Chinese bid for Australian builder
Jan 12, 2021 (AFP)
A "major international" firm -- reported to be China State Construction Engineering Corporation -- walked away from its proposed purchase of Probuild after it w...
Canada bans import of goods linked to Uighur forced labor claims
Jan 12, 2021 (AFP)
In a statement, the foreign ministry said it was "gravely concerned with evidence and reports of human rights violations" against Xinjiang's Muslim Uighurs and ...
Asian stocks mixed as virus and unrest offset vaccine, stimulus
Jan 12, 2021 (AFP)
While analysts' long-term outlook remained positive as more people are inoculated and life returns to normal, frighteningly high new case numbers and deaths aro...
Asia markets mixed, dollar rises as Biden's pledges huge stimulus
Jan 11, 2021 (AFP)
With vaccines being rolled out around the world and key risk events including the US election, Georgia senate runoffs and Brexit now out of the way, observers s...
Hong Kong tracker fund stops investing in China firms on US ban list
Jan 11, 2021 (AFP)
The announcement is the latest stark illustration of how tensions between the world's two biggest economies are causing headaches for international firms in Hon...
Keep tariffs on China, outgoing US trade chief says
Jan 11, 2021 (AFP)
In an interview with The Wall Street Journal, US Trade Representative (USTR) Robert Lighthizer defended the Trump administration's tactics of slapping tariffs o...
China enacts rules to counter 'unjustified' foreign laws
Jan 09, 2021 (AFP)
The rules aim at "protecting the legitimate rights and interests" of Chinese people and companies, and safeguarding the country's interests, said the commerce m...
Samsung Electronics forecasts 25.7% jump in Q4 operating profit
Jan 08, 2021 (AFP)
The world's biggest manufacturer of smartphones and memory chips said in an earnings estimate that it expected operating profit of 9 trillion won ($8.23 billion...
US suspends tariffs on French goods in digital tax dispute
Jan 07, 2021 (AFP)
The punitive levies were due to take effect Wednesday, but USTR held off citing ongoing investigations of similar measures "adopted or under consideration in 10...
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