News

New US, China tariffs set to take effect, no compromise in sight

Reuters
Posted at Sep 24 12:04 PM

The United States and China are set to impose new tit-for-tat tariffs against each other's goods on Monday, the latest escalation in a heated trade war between the world's two largest economies. Read more »

China slaps retaliatory tariffs on $60-B of US goods

Reuters
Posted at Sep 18 10:55 PM

China will levy tariffs on about $60 billion worth of US goods in retaliation for new U.S tariffs, as previously planned, but has reduced the volume of tariffs that it will collect on the products.   Read more »

Trump hits China with tariffs on another $200 billion in goods

Heather Scott, Agence France-Presse
Posted at Sep 18 08:15 AM

Trump said China had refused to change the unfair practices that hurt US businesses and workers. Read more »

US, China swap tariffs on billions in goods as sides hold talks

Ryan McMorrow, Agence France-Presse
Posted at Aug 23 05:30 PM

The United States slapped steep tariffs on another $16 billion in Chinese goods on Thursday, triggering a swift tit-for-tat retaliation from Beijing, even as negotiators from both sides seek to soothe trade tensions. Read more »

Supply actions, not tariff cuts to tame inflation, says gov't body

ABS-CBN News
Posted at Aug 20 09:18 AM

The Committee on Tariff and Related Matters, which includes the Departments of Trade and Industry and Agriculture instead recommended 'supply-oriented actions and volume enhancements that would have immediate impact.' Read more »

China unloads US soybean cargo amid public worries about cost of trade war

Muyu Xu and Josephine Mason, Reuters
Posted at Aug 13 08:09 PM

A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between Beijing and Washington. Read more »

China to slap additional tariffs on U.S. goods

Reuters
Posted at Aug 09 04:14 AM

BEIJING/WASHINGTON - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world's largest economies escalated their trade dispute. Read more »

Chinese exports accelerate even as Trump escalates trade war

Elias Glenn and Ben Blanchard, Reuters
Posted at Aug 08 09:23 PM

China's exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth. Read more »

First round of US tariffs on Chinese goods to hit $50 billion on Aug. 23

Agence France-Presse
Posted at Aug 08 08:24 AM

Washington imposed 25 percent tariffs on $34 billion in Chinese products on July 6. But it held off on a final $16 billion as a result of concerns raised by US companies. Read more »

China calls on US to be 'cool-headed' in trade war

Elizabeth Law, Agence France-Presse
Posted at Aug 02 09:57 PM

China's top envoy called on the United States to remain "cool-headed" Thursday as Washington threatened to raise the tariff rate on the next $200 billion of Chinese imports. Read more »

Rice prices to go down with tariffs in place: solon

ABS-CBN News
Posted at Aug 02 09:47 AM

A bill seeking tariffs on rice in place of import quotas will be put to a vote on second reading next week, said House Agriculture and Food Committee chairman Jose Panganiban, who represents the ANAC-IP party list. Read more »

House terminates debates on rice tariffication bill

RG Cruz, ABS-CBN News
Posted at Aug 01 09:24 PM

The House of Representatives on Wednesday terminated sponsorship and debates on the proposed rice tariffication law.   Read more »

Farmers bat for 'maximum tariffs' on rice

ABS-CBN News
Posted at Jul 31 04:37 PM

The removal of import quotas "should be handled carefully" as a large numbers of farmers might not be able to compete against cheaper imports, farmers groups said. Read more »

LOOK: Trump 2020 flags are made in China

Reuters
Posted at Jul 26 12:32 PM

FUYANG, China - The red, white and blue banners for U.S. President Donald Trump's second-term campaign are ready to ship, emblazoned with the words "Keep America Great!" But they are made in eastern China and soon could be hit by punitive tariffs of Trump's own making. Read more »

EU threatens US with $20 billion tit-for-tat tariffs

Agence France-Presse
Posted at Jul 25 10:09 PM

The EU is mulling tit-for-tat tariffs of around $20 billion on US products if Washington goes ahead with its threat of new tolls on European cars, the bloc's trade commissioner said Wednesday. Read more »

Dissecting Data: Rice as inflation driver

ABS-CBN News
Updated as of Aug 07 06:41 PM

MANILA -- President Rodrigo Duterte, in his State of the Nation Address, called on Congress to pass a law imposing tariffs on rice as part of measures to bring down prices of the staple grain. Read more »

NEDA renews call for rice tariff, land use bills

ABS-CBN News
Posted at Jul 24 04:16 PM

Socioeconomic Planning Sec. Ernesto Pernia said prices of rice "will likely go down" once the tariffs are implemented.  Read more »

China looks to get cozy with EU in annual talks as Trump tariffs bite

ABS-CBN News
Posted at Jul 16 07:21 AM

The European Union will open an annual meeting with China on Monday, and will be looking to fend off overtures for an anti-US alliance as China seeks a European counterbalance to US tariffs. Read more »

Pernia says quicker June inflation 'unwelcome news', bats for rice tariffs

ABS-CBN News
Posted at Jul 05 07:30 PM

One of the Philippines' economic managers said on Thursday the 5.2 percent inflation seen in June was unwelcome news but said he expects it to normalize by the end of the year. Read more »

China presses Europe for anti-US alliance on trade

Robin Emmott and Noah Barkin, Reuters
Posted at Jul 03 09:27 PM

China is putting pressure on the European Union to issue a strong joint statement against President Donald Trump's trade policies at a summit later this month but is facing resistance, European officials said. Read more »