Page 5 - Trade War
China badly wants a trade deal with America: Trump
China is getting hurt by the increased American import tariffs and "badly" wants to strike a deal with the US, President Donald Trump has said, amidst a bruising trade war between the two economic giants. The US president increased levies on USD 200 billion worth of Chinese imports into the US from 10 per cent to 25 per cent last month after Washington and Beijing failed to reach a deal on trade. China retaliated by announcing plans to raise levies on USD 60 billion of US imports from June 1. Last month, the Trump administration added Huawei to its "entity list", which bans the telecom company from acquiring technology from US firms without government approval. The US president has previously accused China of targeting Americna industries, and stealing intellectual property, the theft of American jobs and wealth. On Tuesday, Trump defended his actions against China, the world's second largest economy after the US. "We're taking in billions and billions of dollars. Companies are .
Trade war impact: Chinese startups ditch Oracle, IBM for home-made tech
China has long tried to replace foreign with homegrown technology, particularly in sensitive hardware -- it imports more semiconductors than oil
 "Trade war impact: Chinese startups ditch Oracle, IBM for home-made tech")
Donald Trump and Xi Jinping to seal a deal? A very slim chance, say traders
A common view among China investors: there's little chance the two leaders will suddenly reach an agreement and resolve a trade dispute
 "Donald Trump and Xi Jinping to seal a deal? A very slim chance, say traders")
Compromises should be made by both sides: Beijing on US-China trade talks
Xi and Trump will meet in Osaka, Japan on the sidelines of the G-20 summit on June 28-29
 "Compromises should be made by both sides: Beijing on US-China trade talks")
China state media urges US to drop win-at-all-costs trade stance
The Chinese Communist Party's newspaper urged the United States to cancel all tariffs on Chinese goods
 "China state media urges US to drop win-at-all-costs trade stance")
Trade as a weapon or as a boomerang?
Washington has now become the rogue elephant in the china shop
US-China trade war: 151 items of Indian exports set to gain, says research
Policy push may see the exports edge out costlier US rivals in China, as trade fight escalates: Commerce dept research
 "US-China trade war: 151 items of Indian exports set to gain, says research")
India can boost exports of 350 products to US, China amid trade war: Report
The Indian products which can tap the Chinese market include copper ores, rubber, paper/paperboard, equipment for transmission voice/data in a wired network, tunes and pipes.
India responds to Trump moves at last with tariff hike on 29 US products
Move comes after a delay of about a year; Trump recently withdrew GSP benefits to India
 "India responds to Trump moves at last with tariff hike on 29 US products")
How Trump's unpredictable use of tariffs is spooking American businesses
Corporate America was blindsided last week when Trump threatened to impose crippling taxes on Mexican imports
 "How Trump's unpredictable use of tariffs is spooking American businesses")
China left with no other option but to make trade deal with US: Trump
In recent months, Trump has imposed additional tariffs on Chinese products worth $200 billion
 "China left with no other option but to make trade deal with US: Trump")
How a 30-yr-old decision helped China beat the US in battle for rare earths
China now accounts for 70 per cent of global production, and there's only one US mine in operation
 "How a 30-yr-old decision helped China beat the US in battle for rare earths")
China on gold-buying spree with no sign of end to trade war with US
The People's Bank of China increased its bullion reserves to 61.61 million ounces in May from 61.10 million a month earlier
 "China on gold-buying spree with no sign of end to trade war with US")
Vietnam, Taiwan, Chile: Three biggest gainers from US-China trade war
Nomura's findings are based on the study of world's 50 biggest economies from the first quarter of 2018 (Q1CY18) till the first quarter of CY19 (Q1CY19)
 "Vietnam, Taiwan, Chile: Three biggest gainers from US-China trade war")
First trade, now talent: Chinese students in US to be Trump's next target
Several Chinese graduate students and academics said that in recent weeks that they found the US academic and job environment increasingly unfriendly
Factory activity shrinks across Asia as US-China trade war escalates
Such growth indicators are likely to deteriorate further in coming months as higher trade tariffs take their toll on global commerce
 "Factory activity shrinks across Asia as US-China trade war escalates")
Recession may begin in 9 months if trade war gets any worse: Morgan Stanley
A recession could begin in as soon as nine months if President Donald Trump pushes to impose 25% tariffs on an additional $300 billion of Chinese exports and China retaliates, warns Morgan Stanley
 "Recession may begin in 9 months if trade war gets any worse: Morgan Stanley")
Explained: Why Asia doesn't want US to kneecap China in Trump's trade war
Fears are growing throughout Asia that a clash of superpowers will end up hurting smaller nations, many of which rely on exports to fuel the economic growth that provides jobs for millions of people
 "Explained: Why Asia doesn't want US to kneecap China in Trump's trade war")
US-China trade war: New tariffs would be 'catastrophic', say Adidas, PUMA
In the escalating trade war with Beijing, Trump this month increased existing tariffs on $200 billion in Chinese imports to 25 per cent
 "US-China trade war: New tariffs would be 'catastrophic', say Adidas, PUMA")
Trade growth slowdown likely to worsen amid tariff war, says WTO
The WTO brings out its quarterly forecast of global trade growth through the World Trade Outlook Indicator index
 "Trade growth slowdown likely to worsen amid tariff war, says WTO")
