China may exempt some US goods from tariffs as costs rise

China may exempt some US goods from tariffs as costs rise

(Bloomberg) — China’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries. Most Read from Bloomberg Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane, the…

Read More
Asian markets stage mild rebound but Trump tariff uncertainty reigns

Asian markets stage mild rebound but Trump tariff uncertainty reigns

Donald Trump’s trade war has fuelled worries about a possible global recession (Nelson ALMEIDA) Asian markets battled Tuesday to recover from the previous day’s tariff-fuelled collapse, though Donald Trump’s warning of more measures against China and Beijing’s vow to fight “to the end” raised concerns the trade war could worsen. Equities across the world have…

Read More