TRADE WARS

News About World Trade

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Growth downgrade for China 'very likely' on Covid surge: IMF chief
Dec 13, 2022 (AFP)
Her comments on the sidelines of a panel about a newly-created IMF fund come as the world's second biggest economy grapples with soaring coronavirus cases, as i...
German factory outfitters warn on break from China
Dec 13, 2022 (AFP)
German firms have faced calls to reduce their heavy dependence on the world's number two economy following Russia's invasion of Ukraine, and subsequent move to ...
EU agrees on 'carbon mechanism' at borders for industrial imports
Dec 13, 2022 (AFP)
Known as the "Carbon Border Adjustment Mechanism" (CBAM), the agreement will cover industrial imports from the regional bloc's 27 member states, targeting the h...
UK defends China actions after calls to get tough
Dec 11, 2022 (AFP)
Anti-China hardliners in the ruling Conservative party have demanded expulsions of the diplomats involved, accusing the UK government of appeasing Beijing. But ...
Brazil's Lula appoints former mayor as finance minister
Dec 10, 2022 (AFP)
Lula da Silva, who narrowly defeated incumbent Jair Bolsonaro in October elections, unveiled ministers in the key posts of foreign affairs, justice, defense, an...
Equity markets boosted by China hopes, eyes now on US inflation
Dec 09, 2022 (AFP)
With few Thursday catalysts to work with, traders were setting their sights on the release of two key US inflation reports -- on Friday and Monday -- and the Fe...
US rejects WTO verdict on its steel tariffs
Dec 09, 2022 (AFP)
Former US president Donald Trump's administration introduced the tariffs on steel and aluminium imports from China, Norway, Switzerland and Turkey and his succe...
Equities boosted by China news before rate calls
Dec 09, 2022 (AFP)
Sentiment brightened on China's decision to shift away from its nearly three-year zero-Covid strategy of lockdowns and mass testing that slammed the economy. Af...
US slaps sanctions on Chinese officials over Tibet rights
Dec 09, 2022 (AFP)
The United States blocked any US assets and criminalized transactions with Wu Yingjie, who was China's boss in Tibet from 2016 to 2021, and Zhang Hongbo, China'...
Inflation in China falls below two percent in November
Dec 09, 2022 (AFP)
Last month saw a slew of gloomy figures for the world's second-largest economy as a hardline zero-Covid policy hammered businesses and supply chains, and dampen...
Chinese developer Sunac proposes debt restructuring
Dec 09, 2022 (AFP)
The firm proposed converting up to $4 billion of offshore debt into ordinary shares or equity-linked instruments, according to a filing to the Hong Kong stock e...
Asian markets mixed as recession fears dampen China optimism
Dec 08, 2022 (AFP)
A rally across equities at the start of the month has been hobbled this week by growing concerns that the Federal Reserve's drive to rein inflation back from 40...
UK turns to army as crippling strikes loom
Dec 08, 2022 (AFP)
Interior minister Suella Braverman warned the public against flying over Christmas, after passport control officers voted to walk out. "If they go ahead with th...
EU targets Russian armed forces, banks in new sanctions
Dec 07, 2022 (AFP)
"Russia continues to bring deaths and devastation to Ukraine. It is deliberately targeting civilians and civilian infrastructure," European Commission President...
EU starts WTO action against China over Lithuania, patents
Dec 07, 2022 (AFP)
"In both cases, the Chinese measures are highly damaging to European businesses" and, in the Lithuania case, "impact the functioning of the EU internal market,"...
UK uni probe warns carmakers about 'Uyghur abuses' in supply chain
Dec 07, 2022 (AFP)
The probe by four academics and anonymous researchers at Sheffield Hallam University in northern England found international supply chains "captive to repressiv...
China's November imports, exports plunge owing to Covid rules
Dec 07, 2022 (AFP)
Beijing's strict zero-Covid policy of snap lockdowns, travel curbs and daily mass testing has left businesses reeling, disrupted supply chains and dampened cons...
Stocks hit as recession fears overshadow China reopening hope
Dec 07, 2022 (AFP)
The drop followed another day deep in the red for New York's three main indexes after the heads of Wall Street's leading banks warned of tough times ahead in 20...
Canada doubles trade surplus as exports to China hit new high
Dec 06, 2022 (AFP)
Total exports rose 1.5 percent to Can$67.0 billion, outpacing a 0.6 percent increase in imports valued at Can$65.8 billion, according to Statistics Canada. The ...
Asian markets swing as Fed worries offset China Covid easing
Dec 06, 2022 (AFP)
After a strong start to the week in the region, traders tracked a big drop on Wall Street that came on the back of data showing a forecast-busting jump in activ...
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