News Articles on {?keyword?} | ABS-CBN News

Chinese firms learn to adapt as US trade war rages

Ryan McMorrow, Agence France-Presse
Posted at Aug 13 10:47 PM

Export-reliant Chinese companies are slashing prices, moving production abroad, creating new domestic markets and even rebranding goods as they try to survive the escalating trade war with the United States. Read more »

Adidas fears 'everybody will lose' in US-China currency war

Agence France-Presse
Posted at Aug 08 08:20 PM

American tariffs on Chinese goods are less harmful to Adidas than a potential exchange rate battle, chief executive Kasper Rorsted said.   Read more »

China rare earths group supports counter-measures against U.S. 'bullying'

Tom Daly, Reuters
Posted at Aug 07 09:19 PM

China's rare earths association said it would support Chinese counter-measures in the escalating trade row with the United States, which it accused on Wednesday of "bullying".   Read more »

Trade surplus with US could make Vietnam target for tariffs, says AmCham

ABS-CBN News
Posted at Aug 07 07:30 PM

Vietnam has become the choice destination for some companies looking to relocate from China to avoid US tariffs. Read more »

Trump dismisses fears of long-lasting trade war; China sees severe global impact

Susan Heavey, Yawen Chen and David Stanway, Reuters
Posted at Aug 07 06:35 AM

US President Donald Trump dismissed fears of a protracted trade war with China on Tuesday despite a warning from Beijing that labeling it a currency manipulator would have severe consequences for the global financial order.   Read more »

US farmers suffer 'body blow' as China slams door on farm purchases

Hallie Gu and Tom Daly, Reuters
Posted at Aug 06 07:43 AM

Chinese companies have stopped buying US agricultural products, China's Commerce Ministry said on Tuesday, a blow to US farmers who have already seen their exports slashed by the more than year-old trade war.   Read more »

Wall St suffers worst losses of 2019 on US-China trade war escalation

Agence France-Presse
Updated as of Aug 06 08:15 AM

Wall Street stocks plunged Monday after a forceful response by Beijing to the latest US tariff announcement escalated an ongoing trade war, exacerbating global growth worries.  Read more »

Offshore yuan falls to record low, yen firm on intensifying trade frictions

Hideyuki Sano, Reuters
Posted at Aug 05 09:44 AM

The offshore Chinese yuan fell to its weakest level on record on Monday while the Australian dollar flirted with this year's lows on concerns over a sharp escalation in the Sino-US trade war. Read more »

China vows fight against Trump's latest tariffs as stocks sink

Huizhong Wu and Alexandra Alper, Reuters
Posted at Aug 03 11:51 AM

China on Friday vowed to fight back against US President Donald Trump's abrupt decision to slap 10 percent tariffs on the remaining $300 billion in Chinese imports, a move that ended a month-long trade truce. Read more »

Trump announces more China tariffs; Beijing threatens retaliation

ABS-CBN News
Posted at Aug 02 11:07 PM

The US-China trade war has taken another turn for the worse. Read more »

Trump tweets threaten to disrupt US-China trade talks

Agence France-Presse
Posted at Jul 31 07:38 AM

Chinese and US trade negotiators will bid to bring an end a year-long trade war that has seen both tariffs and insults flung between the world's two largest economies when they meet for official talks in Shanghai Wednesday. Read more »

Apple will face tariffs on components imported from China: Trump

Agence France-Presse
Posted at Jul 29 09:36 AM

Last week, Apple filed a request with the US trade representative, saying certain components for its $6,000 Mac Pro desktop computer could only be sourced from China and should be exempt from US tariffs.   Read more »

Beijing rebuffs Trump claims over economic slowdown

Agence France-Presse
Posted at Jul 16 06:52 PM

China on Tuesday rejected claims from US President Donald Trump that it is being forced to make a trade deal because of its slowing economy, as the two sides prepare for more talks. Read more »

US firms may get nod to restart Huawei sales in 2-4 weeks -official

Alexandra Alper and Karen Freifeld, Reuters
Posted at Jul 15 08:15 AM

The US may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior US official, in a sign President Donald Trump's recent effort to ease restrictions on the Chinese company could move forward quickly. Read more »

China says US trade issues are 'definitely' resolvable

Agence France-Presse
Posted at Jul 11 09:38 PM

China said Thursday that the thorny trade issues plaguing relations with the United States are resolvable after fractious talks between the economic giants were kickstarted by the Trump-Xi meeting in Japan. Read more »

US, China to relaunch talks with little changed since deal fell apart: Source

David Lawder and Chris Prentice, Reuters
Updated as of Jul 09 04:47 PM

The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed. Read more »

China says US tariffs must be lifted for a trade deal

Agence France-Presse
Posted at Jul 04 07:15 PM

US tariffs against China must be lifted for the two sides to reach a deal to end the trade war, the Chinese commerce ministry said Thursday. Read more »

Manufacturers in Vietnam benefit from US-China trade row: survey

Kyodo News
Posted at Jul 02 08:48 PM

Manufacturers operating in Vietnam are benefiting from prolonged US-China trade disputes, which have led to plant relocations and expansions across Asia, according to an NNA joint survey with a local industry body.   Read more »

PH electronics can lure investors spooked by trade war: analyst

ABS-CBN News
Posted at Jul 02 10:53 AM

The truce between the US and China on their trade war is a welcome development, said Hoe Ee Khor, chief economist of the ASEAN Plus 3 Macroeconomic Research Office. Read more »

China's factory activity shrinks as US tariffs, slowdown hit orders

Reuters
Posted at Jun 30 05:01 PM

China's factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as US tariffs and weaker domestic demand ramped up pressure on new orders for goods. Read more »