Tag: Us-China trade tensions
The local note is at its low for three consecutive days.
US-China trade tensions hurt the greenback, resulting in a better ringgit performance.
Move part of efforts to extend a record 28-year run without recession.
The US-China trade war has hurt demand for raw materials, prompting authorities to project a wider fiscal deficit and increased borrowing from bond markets.
An increase in soured debt is likely to spell more pain for lenders and bond investors.
The US will not win the trade war because of the plight faced by its farmers and businesses, according to China's People's Daily.
The question of tariffs is of particular concern for British Prime Minister Boris Johnson as he prepares to lead Britain out of the EU with the prospect of a no-deal Brexit.
The year-long trade war between the world's two largest economies has roiled financial markets and shaken the global economy.
China last year imposed retaliatory tariffs that remain in place on imports of US farm products including soybeans and pork.
China says it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation.
The two are among at least four financial institutions that had banking relationships with Huawei when Meng and others allegedly misled them about its business dealings in Iran despite US sanctions.
Some telecom companies in the US are 'dependent' on Huawei and thus a 90-day reprieve was deemed appropriate, according to US Commerce Secretary Wilbur Ross.
The litigation in Texas involves Huawei’s ability to sell equipment into the US market and is separate from the US government’s blacklisting of Huawei.
'We're doing this for Christmas season just in case some of the tariffs would have an impact on US customers but so far they have had really none,' says US President Donald Trump.
China’s ultimate support of Hong Kong will help the city weather the situation, an advantage that Singapore doesn’t have, says Singapore's law minister.
China officials are sticking to a cautious monetary strategy even as tensions with the US worsen.
'Industries like retail, catering and transportation have taken a hit because of the recent violent unrest, with significant revenue drops,' an official says.
Huawei unveils a new smart television, the first product to use its own HarmonyOS operating system.
Conflicts with the US could expand from the trade front into other areas, including politics, military and technology, financial experts warn.
The US would continue to refrain from doing business with Chinese telecoms equipment giant Huawei Technologies, says Trump.
The first version of the OS would be launched later this year in its smart screen products, says Huawei.
The latest outburst comes amid the escalating trade war with China while appearing to edge closer towards a currency war.
The protests have drastically affected sales, trade, retail, and tourism in Hong Kong, according to professionals.
US tariffs on Chinese goods are less harmful to the brand than a potential exchange rate battle, according to CEO Kasper Rorsted.