TORONTO—Over the past 17 months, as President Trump has freighted Canada’s economy with several rounds of punishing tariffs, Prime Minister Mark Carney has often repeated the guiding maxim for his negotiations with the U.S.: No deal is better than a bad one. Canada’s Prime Minister Mark Carney walks to speak with the news media after…
The Russia sanctions bill passed by the US Senate on Friday, which authorises tariffs of up to 100% on India, China and three other countries for buying Russian energy, faces three separate obstacles before it can reach President Donald Trump for signature — the US House of Representatives is in recess until August 31, a…
By Nichola Groom and Alexandra Alper WASHINGTON, Aug 6 (Reuters) – The White House on Thursday imposed a series of price floors and a 15% tariff on products made from polysilicon, the raw material used in semiconductors and solar panels that is primarily produced by China. U.S. President Donald Trump’s proclamation under Section 232 of…
The US imposed a 12.5% tariff on Chinese goods, alleging China had failed to curb imports made with forced labour. (NurPhoto pic) BEIJING: China’s commerce ministry said on Monday that new US tariffs imposed on Chinese goods over alleged forced labour were unjustified and amounted to protectionism, and urged Washington to remove them. On Friday, the US imposed…
BEIJING, July 17 (Reuters) – The United States is set to restore Hong Kong’s special trading status, revoked in a 2020 order by U.S. President Donald Trump in response to Beijing’s imposition of a national security law in the financial hub, China said on Friday. The year-long executive order, implemented on July 14, 2020 during…
Chinese foreign ministry spokesperson Lin Jian speaks during a press conference in Beijing. (EPA Images pic) BEIJING: China said on Wednesday it “firmly opposes” a sanctions bill proposed by US senators and supported by President Donald Trump that targets countries buying Russian energy. The bipartisan legislation could potentially clear the way for the US to…
By Timothy Gardner and Patricia Zengerle WASHINGTON, July 14 (Reuters) – Republican and Democratic U.S. senators on Tuesday unveiled an updated version of Russia sanctions legislation championed by the late Senator Lindsey Graham, seeking to impose sanctions on Russian officials and to use tariffs to pressure China and India to reduce their dependence on Russian…
There was no joint statement out of Trump’s China trip today. But there might as well have been. In one of the most secretive spaces in Chinese politics, the walled compound where China’s top leaders live and work, the number of cameras and journalists granted access at the start of the bilateral tea this morning…
WASHINGTON, May 14 (Reuters) – Iraqi officials have approached the International Monetary Fund about securing financial assistance as a result of the conflict in the Middle East, a source close to the IMF said on Thursday. Initial conversations took place last month during the spring meetings of the IMF and World Bank in Washington, and…
President Donald Trump’s high-stakes visit to China this week marks nearly a decade since a sitting U.S. president — in this case, Trump himself — traveled there to meet with Xi Jinping, president of the People’s Republic of China, or PRC. While the trip is expected to touch on a broad range of issues that…