News

Levi's, Harley Davidson in crossfire of EU-US trade war

Agence France-Presse
Posted at Jun 22 08:24 AM

From blue jeans to motorbikes and whiskey, the EU's hit list of products to target for tariffs in the event of a trade war with the US reads like a catalog of emblematic American exports. Read more »

Dollar hits 11-month high as US threatens further tariffs on China

Tom Finn, Reuters
Posted at Jun 19 06:48 PM

The dollar rose to an 11-month high on Tuesday and the euro slumped after US President Donald Trump threatened more tariffs on China in an escalating trade dispute investors fear could hurt global growth. Read more »

China slams US trade threats as 'blackmail', warns of countermeasures

Agence France-Presse
Posted at Jun 19 11:03 AM

China on Tuesday condemned Donald Trump's threat to impose 10 percent tariffs on $200 billion worth of Chinese goods as "blackmail" and warned it was prepared to take countermeasures if Washington goes through with them. Read more »

Trump escalates China trade war with extra tariffs

Agence France-Presse
Posted at Jun 19 08:20 AM

With the world's two largest economies already engaged in a confrontation long feared by markets and industry, Trump said he was pushing forward with fresh punitive measures over Beijing's "unacceptable" move to raise its own tariffs. Read more »

PH electronics firms wary of US-China trade spat, TRAIN 2

ABS-CBN News
Updated as of Jun 18 09:42 PM

Philippine electronics exporters are wary of a possible trade war between the United States and China, the chair of the Semiconductors and Electronics Industries of the Philippines (SEIPI) said on Monday.  Read more »

Stock markets falter as Trump tariffs spark trade war fears

Agence France-Presse
Posted at Jun 18 07:49 PM

World stock markets faltered Monday as traders eyed trade war fears and EU rifts over migration. Read more »

Anti-US consumer boycott? Canadians may find it hard to pull off

Andrea Hopkins, Reuters
Posted at Jun 13 08:34 AM

Canadians outraged by US President Donald Trump's attack on their prime minister have called for a consumer boycott targeting the United States, but indignation may be hard to sustain in a nation enamored by US popular culture and larded with American goods. Read more »

Aiming at Trump strongholds, Mexico hits back with trade tariffs

David Alire Garcia and Miguel Gutierrez, Reuters
Posted at Jun 06 08:20 AM

The new tariffs could also have political implications in some hotly contested races as the Republicans seek to maintain control of both chambers in Congress in November's election, illustrating the potential perils of Trump's aggressive efforts to set right what he sees as unfair trade balances with allies and rivals. Read more »

Trump adviser admits trade dispute a risk to US economy

Agence France-Presse
Posted at Jun 04 08:37 AM

President Donald Trump's top economics adviser acknowledged Sunday the trade dispute with US allies could jeopardize the booming American economy but dismissed criticism of the administration's stance as overblown.  Read more »

EU-US trade tensions at fever pitch as steel deadline looms

Jürgen Hecker, Agence France-Presse
Posted at May 31 09:44 PM

Trade tensions between the European Union and the United States ran high Thursday as the clock was ticking for US steel and aluminium tariffs against European producers to kick in.   Read more »

China to cut auto tariffs on July 1 as trade tensions ease

Ryan McMorrow, Agence France-Presse
Posted at May 22 05:48 PM

China announced Tuesday that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States. Read more »

EU demands permanent exemption from US steel, aluminum tariffs

Philip Blenkinsop, Reuters
Posted at May 01 09:12 PM

The European Union's executive arm demanded a permanent exemption on Tuesday from US steel and aluminum tariffs, saying US President Donald Trump's decision not to impose such barriers for now prolonged business uncertainty.   Read more »

US, China trade tensions a pressing concern for Southeast Asia - Singapore PM

Agence France-Presse
Posted at Apr 29 08:37 AM

Singapore Prime Minister Lee Hsien Loong said on Saturday a mounting trade spat between the United States and China was one of the most pressing concerns for Southeast Asian nations. Read more »

China seeks trade firewall with US allies in rush of ambassador

Michael Martina and Robin Emmott, Reuters
Posted at Apr 17 10:06 PM

China's international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against US protectionism, according to four sources familiar with the discussions. Read more »

Chinese urged to boycott US firms, but Big Mac fans unconvinced

Poornima Weerasekara, Agence France-Presse
Posted at Apr 15 08:37 AM

The messages began to pop up on Chinese social media as the trade spat with the United States sizzled, urging people to boycott McDonald's and other American firms to "defend the economic Great Wall".  Read more »

Despite inflation, PH to remain one of Asia's fastest growing economies - strategist

ABS-CBN News
Updated as of Apr 13 11:26 AM

MANILA - The Philippines is likely to remain one of the fastest growing economies in Asia driven by strong economic growth despite higher inflation rate and market correction, a strategist said. Read more »

Philippines, ASEAN to feel US-China trade war: World Bank economist

Michelle Ong, ABS-CBN News
Updated as of Apr 12 05:05 PM

A World Bank economist on Thursday said a trade war between the world's two biggest economies was not imminent, but added that if it does happen, it will affect the Philippines and other countries in the Association of Southeast Asian Nations (ASEAN).  Read more »

Markets rise as Xi calms trade war fears

Agence France-Presse
Posted at Apr 11 07:10 AM

Stock markets across the world sprang higher Tuesday following a conciliatory speech by Chinese President Xi Jinping that reassured investors a trade war with the United States could be avoided. Read more »

Xi vows to further open China economy amid US trade spat

Agence France-Presse
Updated as of Apr 10 11:07 AM

President Xi Jinping vowed on Tuesday to take new steps to open China's economy "wider and wider" amid a broiling trade confrontation with the United States. Read more »

Trump proposes $100 billion more in tariffs on China

Reuters
Posted at Apr 06 07:34 AM

President Donald Trump said on Thursday he had instructed US trade officials to consider $100 billion in additional tariffs on China, again ratcheting up tensions with Beijing. Read more »