China slaps additional tariffs of 25 percent on $16 billion US imports
2018-08-08 17:44:20 UTC
BEIJING/WASHINGTON (Reuters) - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute.
The tariffs wi...
Germany and China standing together against US protectionism
2018-07-09 21:02:43 UTC
BERLIN (Reuters) - Germany and China signed a raft of commercial accords worth some 20 billion euros ($23.5 billion) on Monday, with their leaders reiterating commitments to a multilateral global trade order despite a looming trade war with the United States.
The deals, involving German indust...
Trade war: China accuses US of “opening fire”
2018-07-05 16:53:07 UTC
BEIJING/WASHINGTON (Reuters) - China accused the United States on Thursday of “opening fire” on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in.
U.S. President Donald Trump has threatened to furthe...
Iran reopens nuclear plant in preparation to increase uranium enrichment
2018-06-27 23:50:27 UTC
LONDON (Reuters) - Iran has reopened a nuclear plant idle for nine years, its atomic energy agency (AEOI) said on Wednesday, as Tehran prepares to increase uranium enrichment capacity if a nuclear deal with world powers falls apart after the U.S. withdrawal.
U.S.-Iranian tensions have resurged...
North Korea, U.S. leaders sign document after meeting
2018-06-12 06:12:23 UTC
SINGAPORE (Reuters) - U.S. President Donald Trump said a historic summit with North Korean leader Kim Jong Un on Tuesday had gone “better than anybody could have expected”, and they would sign a document following talks on ways to end a nuclear standoff on the Korean peninsula.
Kim stood silen...
Iran to attend June summit in China of Asian leaders
2018-05-28 16:57:06 UTC
BEIJING (Reuters) - China will host Iranian President Hassan Rouhani next month at a regional summit aimed at avoiding disruption of joint projects, its foreign ministry said on Monday, as major powers scramble to save Iran’s nuclear deal after the United States pulled out.
Rouhani will pay a ...
Will Trump offer Kim a deal like Iran got?
2018-05-21 18:29:22 UTC
Last week, North Korea canceled a meeting with South Korean officials and threatened to cancel a planned summit with US President Trump. Ostensibly, the cancellations were over the participation of U.S. B-52 bombers in a military exercise with South Korean troops — a show of force that was to occ...
North Korea threatens to cancel Kim-Trump summit
2018-05-16 00:42:38 UTC
SEOUL (Reuters) - North Korea on Wednesday threw into question an unprecedented summit between its leader Kim Jong Un and U.S. President Donald Trump scheduled for next month, denouncing military exercises between South Korea and the United States as a provocation and calling off high-level talks...
Emmanuel Macron unsure whether US will stick to Iran deal
2018-05-02 06:08:29 UTC
SYDNEY (Reuters) - French President Emmanuel Macron on Wednesday said he did not know whether U.S. President Donald Trump would stick to the 2015 Iran nuclear deal that many in the West see as the best hope of preventing Tehran from getting a nuclear bomb.
Macron, followed by German Chancellor...
North Korea's Kim Jong Un meets South Korea's President Moon Jae-in
2018-04-27 06:36:12 UTC
SEOUL (Reuters) - Smiling and holding hands, North Korean leader Kim Jong Un and South Korean President Moon Jae-in met at the heavily fortified demilitarized zone between the countries on Friday in the first summit for the two Koreas in over a decade.
Scenes of Moon and Kim joking and walking...
China asks EU to stand together against US protectionism
2018-04-17 17:12:37 UTC
BEIJING/BRUSSELS (Reuters) - China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions.
Some of t...
Trump Flip Flops on TPP - Trans Pacific Partnership
2018-04-12 23:35:17 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump has asked his trade advisers to look at rejoining the Trans Pacific Partnership, a multinational trade pact he withdrew the United States from last year, White House spokeswoman Lindsay Walters said.
Republican senators met with Trump on T...
China increased tariffs by up to 25 percent on 128 US goods
2018-04-02 06:29:23 UTC
BEIJING (Reuters) - China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.
The tariffs, to take effect on ...
Trade Conflict Fears To Keep Markets On Edge
2018-03-30 08:50:53 UTC
BRUSSELS (Reuters) - A full-scale global trade war has not broken out yet - but that hasn’t stopped the market from fretting about one or analysts from warning about the potential cost.
Whether such concerns remain a driving force for asset prices in the coming days depends largely on decision...
China and US tussle at WTO over legality of Trump tariffs
2018-03-27 17:39:35 UTC
GENEVA (Reuters) - The United States sparred with China at the World Trade Organization (WTO) on Tuesday over the legality of U.S. tariffs in response to alleged theft of U.S. intellectual property.
U.S. President Donald Trump signed a presidential memorandum last week proposing tariffs on up ...
Trump sets China tariff plan, Dow plummets 720 points
2018-03-22 20:30:02 UTC
WASHINGTON (Reuters) - Global stocks had sold off on Thursday on the expectation of tough action from Trump, with U.S. markets down as much as 2.93 percent, plummets 724.42 points.
The Dow and Nasdaq stock indexes had fallen as much as 2 percent while the benchmark S&P was down as much as 1.85...
Chinese carmaker Geely's profit more than doubled in 2017
2018-03-21 07:58:51 UTC
SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs.
The automaker, based in the eastern Chinese ci...
China pushing new energy vehicles to boost its global presence
2018-03-20 07:23:59 UTC
SHANGHAI (Reuters) - Delegates to China’s annual meeting of parliament have urged the state to provide more policy clarity for the electric car industry and overhaul a local government subsidy program they say has distorted the market.
China is aggressively pushing new energy vehicles (NEVs) n...
Chinese President Xi Jinping to become president for life
2018-03-11 08:34:21 UTC
BEIJING (AP) — China’s rubber-stamp lawmakers on Sunday passed a historic constitutional amendment abolishing presidential term limits that will enable President Xi Jinping to rule indefinitely.
The National People’s Congress’ nearly 3,000 hand-picked delegates endorsed the constitutional amen...
Trump to meet Kim Jong-un by May
2018-03-09 02:37:27 UTC
WASHINGTON (Reuters) - President Donald Trump is ready to meet North Korean leader Kim Jong Un by May in response to Kim’s invitation to hold the first-ever U.S.-North Korea summit, a South Korean envoy said, marking a potentially dramatic breakthrough in the North Korea nuclear standoff.
German automakers outselling GM in South Korea
2018-03-07 07:22:17 UTC
Mercedes and BMW both sold more cars in South Korea than General Motors for the first time last month, helped by the growing popularity of German premium brands and as consumers shied away from GM after it announced a major restructuring.
While home-grown automakers Hyundai Motor and Kia Motor...
Kim Jong Un meets high-level delegation of South Korea's President Moon
2018-03-06 09:45:14 UTC
SEOUL (Reuters) - North Korean leader Kim Jong Un met senior South Korean government officials for the first time and said it is his “firm will to vigorously advance” inter-Korean ties and pursue reunification, the North’s official news agency said on Tuesday.
A 10-member South Korean delegati...
Iran urges West to dismantle its nuclear weapons before any missile talks
2018-03-04 01:23:53 UTC
DUBAI (Reuters) - Iran will not negotiate over its ballistic missiles until the United States and Europe dismantle nuclear weapons and long-range missiles, a top Iranian military official said on Saturday.
Separately, Iran confirmed that the Iranian foreign minister had met his former U.S. cou...
The Economic Consequences of Trump's Trade War
2018-03-02 08:37:49 UTC
SEOUL/SYDNEY (Reuters) - The U.S. oil and gas industry slammed President Donald Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.
Trump’s planned tariffs on steel and aluminum will distort global trade...
South Korean prosecutors seek long sentence for ex-President Park Geun-hye
2018-02-27 07:08:31 UTC
Millions of South Koreans protested for Park Guen-hye's removal from office in response to corruption allegations in late 2016. The country's highest court removed her in March 2017.
Prosecutors on Tuesday demanded a 30-year prison sentence for former South Korean President Park Geun-hye for b...