TRADE WARS - AFRICA DAILY

Despite tariffs, Trump takes softer tone with China

Mar 08, 2018 (AFP)

"We're negotiating now with China. We're in the midst of a big negotiation. I don't know that anything is going to come of it," Trump said at the White House wh...

China says ready for trade war as Trump tariffs loom

Mar 08, 2018 (AFP)

Chinese Foreign Minister Wang Yi issued the stern message as the Trump administration geared up to formally introduce steel and aluminium tariffs as early as Th...

EU's Brexit trade guidelines: key points

Mar 07, 2018 (AFP)

Here are the key points of the document produced by EU President Donald Tusk for approval by the 27 remaining member states, as seen by AFP: - 'Negative economi...

Iran signs deal with China to connect key port to rail network

Mar 07, 2018 (AFP)

The agreement was inked in Tehran in the presence of Iranian Transport Minister Abbas Akhoundi and officials from China Machinery Industry Construction Group. I...

China's finance minister waves away debt concerns

Mar 07, 2018 (AFP)

"We are capable of ensuring there is no systemic risk," Xiao Jie said at a press conference on the sidelines of China's annual parliamentary session. While he a...

China sets 2018 GDP target at 'around 6.5%'

Mar 05, 2018 (AFP)

The target, which is the same as last year, was presented by Premier Li Keqiang in a report for Monday's opening session of the annual National People's Congres...

China 'won't sit idly by' if US harms trade

Mar 04, 2018 (AFP)

Trump's announcement on Thursday sparked a flurry of counter-threats from other nations. But Washington's main trade rival had avoided any overt warnings of pot...

German economy minister wants tougher foreign investment rules

Mar 03, 2018 (AFP)

Last month it emerged that Chinese billionaire Li Shufu had quietly bought a near 10-percent stake worth around 7.2 billion euros ($8.9 billion) in German car g...

Trump defiant as tariffs spark global anger, stock market plunges

Mar 02, 2018 (AFP)

The fighting words came after the billionaire politician's proposal sparked a furious reaction from major steel- and aluminum-producing nations and jitters in s...

Trump threatens 'reciprocal taxes' on trade partners

Mar 02, 2018 (AFP)

"When a country Taxes our products coming in at, say, 50%, and we Tax the same product coming into our country at ZERO, not fair or smart," Trump said on Twitte...

Defiant Trump welcomes 'easy to win' trade war with 'No exclusions'

Mar 02, 2018 (AFP)

With global stock markets tumbling and allies riled, the president greeted the negative reaction by raising the stakes and vowing even harsher trade policies. I...

Overruling objections, Trump announces steep aluminum, steel 'tariffs'

Mar 01, 2018 (AFP)

Trump ended rumor and counter-rumor about his administration's intentions, by saying that "next week" he would sign off on measures designed to protect US produ...

$1bn painting 'only matter of time' as art prices surge

Feb 28, 2018 (AFP)

Driven by the record sale of Leonardo da Vinci's "Salvator Mundi" to a Saudi prince for $450 million ($550 million) in November, the market is rising in a way n...

US, China clash on tariffs on Chinese aluminum foil

Feb 28, 2018 (AFP)

The decision intensified the mounting trade confrontation between Beijing and Washington, which is considering far-reaching duties on Chinese goods in an effort...

China factory expansion slows to 19-month low in February

Feb 28, 2018 (AFP)

The manufacturing purchasing managers index (PMI), a gauge of factory conditions, came in at 50.3 in February, the National Bureau of Statistics (NBS) said, com...

Standard Chartered brings back dividends as profits jump

Feb 27, 2018 (AFP)

The Asia-focused lender said it would pay out a full-year dividend of 11 cents per share, citing "improving financial performance and strong capital". It also s...

Merkel sees 'no violations' in Chinese stake in Daimler

Feb 27, 2018 (AFP)

"We are open to trade partners and at first glance do not see any violations," Merkel told reporters in Berlin, days after Chinese billionaire Li Shufu bought a...

Germany 'watchful' of Chinese investment in Daimler

Feb 26, 2018 (AFP)

"We must keep an especially watchful eye" on auto billionaire Li Shufu's investment, Economy Minister Brigitte Zypries told the Stuttgarter Zeitung. Daimler con...

Trump says China ties 'best ever' but trade a problem

Feb 23, 2018 (AFP)

"I don't think we've ever had a better relationship with China than we do right now," Trump said, using trademark hyperbole. "Other than the fact that they've b...

Funding evaporates for Nicaragua's $50 billion ocean-to-ocean canal

Feb 22, 2018 (AFP)

The project "has remained completely unfinanced because it doesn't meet reliability requirements," said Eliseo Nunez, a former opposition lawmaker who is now a ...