Posts tagged as Trade War

China First, EU Next? Donald Trump Faces New Major Trade War as Europe Threatens $23 Billion in Tariffs

Friday, January 25, 2019

Following a threat by U.S. President Donald Trump to slam taxes on cars and auto spares imported from the 28-member European Union, the EU has threatened a 23 billion dollar tariff spike on the United States. Speaking in Brussels to the European Parliament, the director-general for trade within the EEA, Jean-Luc Demarty, said that if Trump goes back on the trade agreement on tariffs agreed in July, the Commission would strike back. In a…

China is Still Trying Very Hard to Have a Negotiated Solution

Friday, September 28, 2018

Donald Trump chaired a meeting of the UN security council at the UN General Assembly on Wednesday where he accused China of interference in the upcoming US mid-term election. Pauline Loong, Hong-Kong-based economist, for her views on Trump’s rhetoric and economic war towards China. Trump’s accusations come as he imposed heavy trade tariffs on Chinese goods earlier this week. Accused of escalating a trade war, Donald Trump was undeterred as he threatened a further…

Trump imposes $200bn of new import tariffs on China as trade war escalates

Tuesday, September 18, 2018

Donald Trump has intensified his trade war with China by imposing new import tariffs of $200bn on Chinese goods arriving in the US from next week. The US president announced the tariffs in a statement, saying: “If Chinatakes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267bn of additional imports.” The US president blamed “unfair policies and practices” for the escalation.…

Chinese exports accelerate even as Trump escalates trade war

By Elias Glenn, Ben Blanchard on Wednesday, August 8, 2018

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 ramped up a bitter dispute that some fear could derail global growth. In the latest move by President Donald Trump to put pressure on Beijing to negotiate trade concessions, Washington is set to begin collecting 25 percent tariffs on…