GENEVA, July 26: Speaking at a press conference in Geneva, World Trade Organization (WTO) Director General Roberto Azevedo specifically focused on the ongoing trade war between the US and China, which he warned may finally ride roughshod over the world economy.
BEIJING/WASHINGTON, July 6: U.S. tariffs on $34 billion in Chinese imports took effect as a deadline passed on Friday, and with Beijing having vowed to respond immediately in kind, the two biggest economies were set on a risky path toward a full-blown trade war.
The world’s two biggest economies are moving closer to an all-out trade war, with China raising import duties of 25 percent on $34 billion worth of U.S. goods, in response to President Donald Trump’s decision to place similar tariffs on the same annual value
of Chinese imports.
SHANGHAI, May 24: Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates.
The United States and China issued a joint statement on Saturday to conclude the trade talks with Chinese Vice Premier Liu He on May 17 and 18. The United States and China said Saturday they had reached consensus on measures to “substantially” reduce the U.S. trade deficit with Beijing by “significantly” increasing its purchases of U.S. goods, but offered few details.
President Trump has said that the United States will consider slapping tariffs on an additional $100 billion in Chinese goods, escalating a potentially damaging trade dispute with Beijing that began on January 22.