Hong Kong is in the “unfortunate” position of being caught in the crossfire of US President Donald Trump’s tariff policies, the American Chamber of Commerce in the city has said. The influential business group said on Monday that it supported the Hong Kong government’s stance that the city was a separate customs entity distinct from…
Hong Kong is in the “unfortunate” position of being caught in the crossfire of US President Donald Trump’s tariff policies, the American Chamber of Commerce in the city has said. The influential business group said on Monday that it supported the Hong Kong government’s stance that the city was a separate customs entity distinct from…
HANOI (Reuters) – The United States and Vietnam have agreed to launch negotiations for a trade agreement, the Vietnamese government said on Thursday, hours after the U.S. paused the implementation of a 46% tariff rate on Vietnam’s exports for 90 days. The two countries will consider removing as many non-tariff barriers as possible, the government…
TAIPEI (Reuters) -Taiwan’s President Lai Ching-te said on Sunday that Taiwan will not impose reciprocal trade tariffs against the United States, but will remove trade barriers, and that Taiwanese companies will gradually increase their investments in the country. President Donald Trump announced across-the-board import tariffs on Wednesday, with much higher duties for dozens of trading…
The Trump administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival. The Trump administration targeted China with a number of trade, investment, and other policies that increase the likelihood that relations between…
Hong Kong’s commerce minister has said the government is considering launching a dispute with the World Trade Organization (WTO) over America’s “unreasonable” tariffs on the city’s goods, but has dismissed concerns about the policy’s impact. Secretary for Commerce and Economic Development Algernon Yau Ying-wah said on Thursday that the Hong Kong government strongly disapproved of…
US President Donald Trump’s threat to slap 10 per cent tariffs on Chinese goods could spell bad news for Hong Kong’s biggest exports to the country, telecoms and technology equipment, experts warned on Wednesday, calling it a lose-lose situation. The city’s academics and business operators said the knock-on effects of tariffs could mean inflationary pressures…
China is facing a repeat of the tensions and uncertainty from the first presidency of Donald Trump, only with a weaker economy that’s even more reliant on exports than it was during the first trade war with the US. China’s record trade surplus of nearly $1 trillion last year was equivalent to more than 5%…
As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US tariffs, the currency faces an additional downdraft: a flood of money looking to invest overseas. China’s capital account, which tracks flows of capital in and out of the country, saw a record outflow…
Hi this is Philip Glamann in Beijing, where pessimism about the future of China-US ties is mounting. One big reason for that is President-elect Donald Trump picked Marco Rubio as his secretary of state this week. Rubio has made clear his distaste for the ruling Communist Party, calling for the US to get much tougher…