China’s GDP grew 1.1 percent from April to June despite US tariffs, official data shows. China’s economy grew by more than 5 percent in the second quarter, according to official data, staying on track to meet Beijing’s annual growth target despite United States President Donald Trump’s trade war. China’s gross domestic product (GDP) expanded by 1.1…
BEIJING — The leaders of Australia and China sought to deepen trade ties despite their differences over regional security and human rights at talks Tuesday in the Chinese capital. Chinese leader Xi Jinping told Australian Prime Minister Anthony Albanese that seeking common ground while setting aside differences is in line with “the fundamental interests of…
BANGKOK (AP) — China’s economy slowed in the last quarter as President Donald Trump’s trade war escalated, but it still expanded at a robust 5.2% pace, the government said Tuesday. That compares with 5.4% annual growth in January-March. The government said Tuesday that in quarterly terms, the world’s second largest economy expanded by 1.1%. In…
Major indices suffer heavy losses as EU ministers prepare to discuss response to US president’s latest trade salvo. Europe’s stock markets have dropped sharply as investors weigh United States President Donald Trump’s latest tariff threats against the European Union and Mexico. Major European indices suffered heavy losses on Monday as EU ministers were set to…
WASHINGTON (AP) — In the past week, President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath. Doubling down on his trade wars, Trump is threatening to raise taxes on many goods from Canada, hike his universal tariff on imports from…
United States President Donald Trump has announced that he will raise import tariffs on most Canadian goods to 35 percent, even though Canada has agreed to rescind its planned digital services tax as the US demanded. This comes as Trump sends “tariff letters” to a host of countries this week, notifying them of planned US…
KUALA LUMPUR, Malaysia (AP) — U.S. Secretary of State Marco Rubio wrapped up his second and final day at a Southeast Asian security conference in a high-stakes meeting with his Chinese counterpart as tensions grow between Washington and Beijing over issues from trade to security and China’s support for Russia’s war in Ukraine. After discussions…
United States President Donald Trump has threatened Brazil with a 50 percent tariff, citing the criminal charges against its former president and his political ally Jair Bolsonaro, who is accused of plotting a coup. In a letter to Luiz Inacio Lula da Silva, Brazil’s current president, Trump said on Wednesday that the treatment of Bolsonaro, who…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…
Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks after US President Donald Trump said he would enact a 50-percent copper tariff on August…