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Trade war News

31 Dec 2019

White House adviser says China trade deal signing expected soon

White House trade adviser Peter Navarro, in an interview on Fox News, cited a report that Chinese Vice Premier Liu He would visit this week to sign the trade deal, but did not confirm it.

30 Oct 2019

Criticism over Uighurs not 'helpful' for trade talks: China warns US

China has been widely condemned for setting up complexes in remote Xinjiang that it describes as "vocational training centers" to stamp out extremism and give people new skills.

17 Sep 2019

India in dialogue with US to resolve trade issues: Piyush Goyal

Goyal made the remarks while addressing a press briefing regarding a slew of recently-announced measures to prop-up country's exports.

International Monetary Fund

13 Sep 2019

US-China trade war starting to weigh on global economy: IMF

In its report released in Santiago in July, the IMF lowered its 2019 global growth forecast from 3.3 per cent to 3.2 per cent, citing international tensions and the US-China trade war in particular.

05 Sep 2019

China, US to hold trade talks in October; Beijing says phone call went well

China and the United States on Thursday agreed to hold high-level trade talks in early October in Washington, amid fears that an escalating trade war could trigger a global economic recession.

02 Sep 2019

China, US kick off fresh escalation in trade war

Trump, writing on Twitter, said his goal was to reduce US reliance on China and he again urged American companies to find alternate suppliers outside China.

27 Aug 2019

Yuan weakens to 11-1/2-year low on trade fatigue

Losses were kept in check, however, after the central bank set a daily midpoint that was stronger than traders expected, raising hopes it was again trying to stabilise the currency.

26 Aug 2019

Japan denies it gave away too much in trade talks with US

The US and Japan agreed in principle on Sunday to core elements of a trade deal that U.S. President Donald Trump and Prime Minister Shinzo Abe said they hoped to sign in New York next month.

24 Aug 2019

Squabbles erupt as G7 leaders arrive for summit in France

Squabbles erupted among G7 nations on Saturday even before their leaders had gathered for an annual summit, exposing sharp differences on global trade tensions, Britain`s exit from the EU and how to respond to the fires raging in the Amazon rainforest.

24 Aug 2019

Trade war gets murkier as Donald Trump orders US firms to exit China

We don’t need China and, frankly, would be far better off without them, says US President Donald Trump.

22 Aug 2019

Yuan falls to fresh 11-year lows on trade war worries, despite state bank supp

Traders said sentiment was fragile, with recent news headlines offering little hope of a U.S-China trade deal anytime soon and new U.S. levies on Chinese goods set to go into effect on Sept. 1.

06 Aug 2019

China's Yuan steadies but stocks plunge as trade tensions grow

The currency has slumped 2.3% over the past three days and broken past the symbolic 7-per-dollar level, pounding stocks and pushing bonds higher as investors feared the yuan`s value has become a new front in the U.S.-China trade war.

06 Aug 2019

US designates China a currency manipulator, escalates trade war

The US Treasury Department announced late on Monday that it had determined for the first time since 1994 that China was manipulating its currency.

05 Aug 2019

China lets yuan break key seven level for 1st time in decade as trade war fear

The sharp 1.4% drop in the yuan comes days after US President Donald Trump stunned financial markets by vowing to impose 10% tariffs on the remaining $300 billion of Chinese imports from September 1.

15 Jul 2019

Huawei to lay off hundreds of workers in US

Huawei is planning to lay off workers at a research facility called Futurewei Technologies that employs 850 people in research labs including in Texas, California and Washington state.

India IT sector

28 Jun 2019

Taiwanese firms to set up IT, electronics cluster in Bengaluru

Taiwan's Ambassador to India Chung-Kwang Tien said with the ongoing US-China trade conflict, Taiwanese companies are looking to expand beyond the Chinese market and India can be a major beneficiary.

06 Jun 2019

Apple products escaped fallout of trade war: Cook

Analysts have forecast that the move is likely to raise the cost of iPhones by as much as 14 per cent; that hasn't happened so far, Cook said.

29 May 2019

Huawei challenges legality of US defence bill as sanctions fight ramps up

The motion, filed late on Tuesday in the U.S. District Court for the Eastern District of Texas, asks to declare the 2019 National Defense Authorization Act (NDAA) unconstitutional in an update to a lawsuit brought by Huawei in March.

25 May 2019

Huawei shipments could fall by up to a quarter this year

Smartphone shipments at Huawei, the world`s second-largest smartphone maker by volume, could tumble between 4% and 24% in 2019 if the ban stays put, according to Fubon Research and Strategy Analytics.

24 May 2019

Possibility of including Huawei in trade deal with China: Trump

The world's two largest economies are locked in a trade war since Trump imposed heavy tariffs on imported steel and aluminium items from China in March last year. In response, China imposed tit-for-tat tariffs on billions of dollars worth of American imports.

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