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Saturday, July 20, 2019

Tag: US tariffs

Indonesia looks ready to pull rate-cut trigger

As Indonesia's economy is facing dimming prospects, the government plans to cut its interest rates.

Germany sees 50% chance for EU-US trade deal, possibly in 2019

German Economy Minister Peter Altmaier sees a 50% chance of the European Union striking a trade agreement on industrial goods with the US, possibly this year.

Trump’s trade war is turning out to be a boon for...

For the first time in 30 years, Bangladesh-based garment manufacturer Newage Group is sensing an opportunity to sell in the US. And it has President Trump’s battle with China to thank.

The Trump tariff twist that cost US Steel US$5.5 bil

President Donald Trump’s tariffs on foreign steel speed up the decline of some of the US mills he vowed to help.

China says US tariffs must be removed for trade deal

China and America are now in the process of relaunching trade talks stalled in May in hopes to remove existing US tariffs.

HP, Dell to shift 30% of laptop production from China

Computer companies are moving away from China as trade tariffs on US-bound goods continue.

US proposes tariffs on another US$4 bil of EU goods

The US adds new products from the European Union to potentially target with retaliatory tariffs in a long-running trans-Atlantic subsidy dispute between Boeing and Airbus.

Trade disputes to dominate as Asean meets in Bangkok

Southeast Asian leaders converge in Bangkok to discuss the US-China tariff war, with Beijing determined to drive forward a trade pact sweeping in 40% of global commerce – excluding America.

Malaysia sees trade diversion cushioning impact of tariff wars

Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus says the trade diversion could add about 10 basis points to this year’s growth rate.

China’s food is only going to get pricier

Smack in the middle of a trade war with the US, China is facing a food shortage that’s raising prices for consumers.

Google is quickening a shift of hardware production from China

Alphabet Inc.’s Google is moving some production of Nest thermostats and server hardware out of China, avoiding punitive US tariffs and an increasingly hostile government in Beijing.

Trump acting budget chief asks for delay on Huawei restrictions

The Trump administration's acting budget chief is asking for a delay in restrictions against Huawei products, according to a letter to Vice President Mike Pence and nine members of Congress.

China’s new trade war defense is a stock market for tech...

With the US ratcheting up pressure on China via trade tariffs and a crackdown on one of its biggest technology companies, China counters by encouraging more homegrown innovation.

China warns tech giants after US Huawei ban

The Chinese government is convening to top tech companies and warns them of consequences if they cut off technology sales to the country.

Huawei turns to Africa to offset US blacklist

As the US leads a drive for the West to shun Huawei over security fears, the Chinese tech giant has sought to strengthen its position in Africa, where it is already well-established.

Trump is confident Mexico will enforce new immigration deal

US President Donald Trump predictes Mexico would enforce a new deal under which it agreed to expand a controversial asylum program and boost security on its southern border.

Wall Street rises on rate-cut hopes, China tariff delay

US stocks extend gains in a broad-based rally as a sharp slowdown in May domestic job growth raised hopes of an interest rate cut, while the United States' decision to delay tariffs on Chinese goods lifted the mood.

Telecom industry sees US$62 billion hit if Chinese banned from 5G

Excluding China’s Huawei Technologies Co. and ZTE Corp. from the next generation of mobile networks would lumber European phone companies with €55 billion in extra costs.

Australia PM: China-US tensions ‘very negative influence’ on global economy

Australia's Scott Morrison says trade tensions and high-tech rivalry between the US and China are having a "very negative influence" on the world economy.

Yi Gang: China has lots of policy room if trade war...

People’s Bank of China Governor Yi Gang says the nation has “tremendous” room to adjust monetary policy if the trade war with the US deepens.

US says to take action to ensure rare earths supply

The United States says it will take "unprecedented actions" to ensure the supply of strategic elements and rare earths as China mulls possible export controls for materials that are critical to modern technology.

China fines Ford joint venture, citing anti-monopoly law

China imposes a US$23.6 million fine on US automaker Ford's joint venture for "price fixing" in violation of anti-monopoly laws.

Toyota warns that Mexico tariffs could raise costs by US$1 billion

Toyota is warning its US dealers the Trump administration’s proposed tariffs on Mexican imports could increase auto-parts costs by more than US$1 billion and hurt sales of its top-selling truck.

Oil falls as boost in US stockpiles stirs fear of supply...

Oil prices slide as a surprise jump in US crude inventories stirred fears of a supply glut at a time when trade wars are already raising concerns about global demand.