US President Donald Trump take off on a five-day trip to Asia on Friday. His aim is to secure trade, mineral, and ceasefire deals across Malaysia, Japan, and South Korea. The visit marks Trump’s first to the region during his second term. Although his longest international tour since taking office. The trip comes amid escalating […]
US China trade war
Asian Stocks Slide as US-China Trade Tensions Flare
SYDNEY– Asian stocks dropped sharply on Monday as fears of a renewed US-China trade war unsettled investors already wary of stretched market valuations. However, Wall Street futures pointed to a recovery as risk appetite began to stabilize. US President Donald Trump’s threat of 100% tariffs on Chinese goods rattled global sentiment, though he later struck […]
Trump’s Tariff Threats Overshadow IMF
WASHINGTON– Finance ministers and central bankers gathering in Washington this week for the IMF and World Bank annual meetings are facing renewed global uncertainty after Donald Trump reignited the US-China trade war, threatening 100% tariffs on Chinese imports. The move has rattled markets and overshadowed what was expected to be a week focused on the […]
Trump Doubles Tariffs on China
WASHINGTON – US President Donald Trump has reignited the trade war with China, announcing an additional 100% tariff on Chinese goods and threatening to cancel his upcoming meeting with President Xi Jinping. Trump said the move comes in retaliation for what he described as Beijing’s “extraordinarily aggressive” decision to impose export restrictions on rare earth […]
Pakistan offers to mediate between US, China for reducing tensions
ISLAMABAD: Information Minister Fawad Chaudhry on Saturday offered to play the role of the mediator in reducing tensions between China and the United States besides also affirming that Pakistan’s soil would not be allowed to be used by anyone with respect to Afghanistan. While speaking on the Pakistan-US relationship with respect to Afghanistan, the information […]
Beijing strikes back with tariffs. What next for Trump?
Finally, White House has confirmed the imposition of 25% tariffs on $50 billion worth of imports from China. China retaliated, saying it will impose an additional 25% tariff on 659 US goods worth $50bn. Tit for tat! After Trump’s withdrawal from JCPOA (Iran nuclear deal), you can expect anything from him and his administration! On […]
US trade officials to visit China amid fears over a trade war
President Donald Trump announced Tuesday that top US trade officials would soon travel to China as Washington and Beijing seek to resolve a trade dispute that has roiled markets and left exporters on edge. Treasury Secretary Steven Mnuchin, US Trade Representative Robert Lighthizer and other officials will make the trip at Beijing’s behest, the president […]