trade - updates

Rappler's latest stories on trade

ARTICLE FINDER

Crunch time as high-level U.S.-China trade talks resume

Feb 21, 2019 - 11:03 PM

Chinese trade envoy Liu He is leading Beijing's delegation in meetings with US Trade Representative Robert Lighthizer and other American officials

TRADE TALKS RESUME. US Trade Representative Robert Lighthizer (L) takes part in US-China trade talks with China's Vice Premier Liu He (R) in the Eisenhower Executive Office Building on February 21, 2019 in Washington, DC. Photo by Mandel Ngan/AFP

[OPINION] Defiant De Lima enters third year in jail

Feb 19, 2019 - 6:00 PM

Detained Senator De Lima is confident that 'the time will come' when people 'will be forced to acknowledge the truth.' Hopefully 'it would not be too late for all of us.'

U.S.-China trade talks: What's under debate

Feb 17, 2019 - 1:42 PM

The two sides are working towards a Memorandum of Understanding to detail their commitments ahead of a potential meeting between Trump and X

ENDING SOON? Talks on the US-China trade war are set to begin soon. File photo by Brian Blanco/Getty Images/AFP

DTI, antitrust body to strengthen market competition in new partnership

Feb 15, 2019 - 8:20 PM

The long-overdue partnership is expected to produce studies scrutinizing the competitiveness of various industries

U.S. officials to meet Xi as trade talks end

Feb 15, 2019 - 2:36 PM

The world's two biggest economies aim to at least end the discussions on deep trade differences with enough goodwill to avoid an escalation of their tariff war

TRADE TALKS. US Trade Representative Robert Lighthizer (L) listens as Chinese Vice Premier Liu He talks while they line up for a group photo at the Diaoyutai State Guesthouse in Beijing on February 15, 2019. Photo by Mark Schiefelbein/AFP

U.S. and China seek deal to prevent trade-war escalation

Feb 14, 2019 - 4:09 PM

The two economic superpowers have already imposed duties on more than $360 billion in two-way trade

TRADE TALKS. US Trade Representative Robert Lighthizer, Chinese Vice Premier and lead trade negotiator Liu He and US Treasury Secretary Steven Mnuchin chat before the opening session of trade negotiations at the Diaoyutai State Guesthouse in Beijing on February 14, 2019. Photo by Mark Schiefelbein/AFP

Drug 'godfathers' to surrender in Bangladesh

Feb 12, 2019 - 9:36 PM

Police say those surrendering on February 16 in the southeastern town of Teknaf would include drugs traders, traffickers and several 'godfathers'

DRUG WAR. This file photo taken on April 6, 2018 shows Bangladesh Border Guard (BGB) personnel laying out small bags of the drug 'yaba' recovered from a passenger bus in a search at a checkpost along the Teknaf-Cox's Bazar highway in Teknaf. File photo by Munir Uz Zaman/AFP

U.S. team in Beijing for trade talks after IMF 'storm' warning

Feb 12, 2019 - 8:04 AM

Deputy trade representative Jeffrey Gerrish leads the US delegation in preparatory meetings, according to the White House on Monday

TRADE TALKS. US Deputy Trade Representative Jeffrey Gerrish (C) and members of his negotiation team leave a hotel ahead of a meeting with Chinese officials in Beijing on February 11, 2019. Photo by NICOLAS Asfouri/AFP

IMF warns of global economic 'storm' as growth undershoots

Feb 10, 2019 - 11:00 PM

'The bottom line – we see an economy that is growing more slowly than we had anticipated,' says International Monetary Fund Managing Director Christine Lagarde

Christine Lagarde (R) , Managing Director and Chairwoman of the International Monetary Fund, speaks to journalist Richard Quest, during the opening session of the World Government Summit in Dubai, on February 10, 2019. (Photo by KARIM SAHIB / AFP)

High-stakes U.S.-China trade talks resume as deadline approaches

Feb 10, 2019 - 9:48 AM

Financial markets worldwide have lost ground in recent days as comments about the status of the talks turned more cautious

VISIT. An official delegation from the United States will be visiting China. File photo by Brian Blanco/Getty Images/AFP

China vows increased U.S. imports, IP protection at trade talks

Feb 01, 2019 - 11:52 AM

In a breakthrough, China agrees to increase imports of US goods and boost cooperation on protecting intellectual property

NEGOTIATIONS. US and China delegations during the trade talks in Washington DC on January 30, 2019. Photo by Jim Watson/AFP

Knicks trade Kristaps Porzingis to Mavericks

Feb 01, 2019 - 9:34 AM

The Dallas Mavericks get a new 1-2 punch in Kristaps Porzingis and rookie sensation Luka Doncic

Trump says U.S.-China trade talks 'going well'

Jan 31, 2019 - 10:21 PM

The two sides have just a month remaining in a 90-day truce declared in December. Should the talks fail, US import duties on $200 billion in Chinese imports are due to more than double on March 2.

TRADE TALKS. US President Donald Trump speaks during a roundtable meeting with conservative leaders at the White House on January 23, 2019, to discuss the security and humanitarian crisis at the southern border. Photo by Mandel Ngan/AFP

U.S., China resume trade talks with a chill in the air

Jan 31, 2019 - 7:41 AM

The two sides have just a month remaining in a 90-day truce declared in December in the trade war

WASHINGTON, DC - JANUARY 30: U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He lead their delegations as they begin trade negotiations in the Diplomatic Room at the Eisenhower Executive Office Building January 30, 2019 in Washington, DC. The top trade officials are beginning two days of face-to-face trade talks to end a monthslong trade war between the worlds two largest economies. Chip Somodevilla/Getty Images/AFP  CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA / AFP

U.S., China resume trade talks with a chill in the air

Jan 30, 2019 - 11:44 AM

The world's two largest economies are battling for nothing less than future dominance in critical high-tech industries, according to US Trade Representative Robert Lighthizer, the lead US negotiator

TRADE TALKS. In this file photo, US Trade Representative Robert Lighthizer (C) walks through a hotel lobby on his way to the Diaoyutai State Guest House to meet Chinese officials in Beijing on May 4, 2018. File photo by Nicolas Asfouri/AFP

WTO to probe Trump's China tariffs

Jan 28, 2019 - 11:20 PM

Under WTO regulations, parties in a dispute can block a first request for the creation of an arbitration panel, but if the parties make a second request, it is all but guaranteed to go through

THE WORLD TRADE ORGANIZATION. The World Trade Organization (WTO) headquarters in Geneva on April 12, 2018. File photo by Fabrice Coffrini/AFP

WTO talks launch in rare win for global order

Jan 25, 2019 - 11:15 PM

The announcement by roughly half of the 164-member World Trade Organization is a rare win for international cooperation

AT DAVOS. EU Commissioner for Trade Cecilia Malmstrom, Cathay Capital Private Equity Founder and President Cai Mingpo, Deutsche Bank CEO Christian Sewing, moderator Paula J. Dobriansky, UPS Chairman and CEO David Abney and World Trade Organization (WTO) Director-General Roberto Azevedo attends a session during the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. File photo by Fabrice Coffrini/AFP

China's economy grew at slowest pace in 28 years in 2018

Jan 21, 2019 - 12:12 PM

The 6.6% growth is above the official target of around 6.5%, but is down from the 6.8% chalked up in 2017, according to the National Bureau of Statistics

This photo taken on April 9, 2018 shows workers transferring soybeans at a port in Nantong in China's eastern Jiangsu province. President Xi Jinping vowed on April 10 to take new steps to open China's economy "wider and wider" amid a broiling trade confrontation with the United States. / AFP PHOTO / - / China OUT

Labor groups thank Henry Sy Sr as 'biggest job provider'

Jan 19, 2019 - 3:54 PM

(UPDATED) 'We also recognize as part of his lasting legacy for workers and their families his last-minute efforts to commit to voluntarily regularize and directly hire thousands of SM employees into SM over a period of time,' a labor group says

JOBS. SM Supermalls have regularized more than 11,000 workers in 2018. Rappler file

U.S. officials consider lifting China tariffs – report

Jan 18, 2019 - 8:59 AM

American and Chinese trade officials have until March 1 to resolve their trade war, to prevent a sharp increase in punitive US duties on $200 billion in Chinese goods

World Bank warns brewing trade storm jeopardizes global economy

Jan 09, 2019 - 3:29 PM

Growth of the world economy is expected to slow to 2.9% this year, and 2.8% in 2020, slightly below the previous forecast

Low prices leave Benguet vegetables rotting

Jan 09, 2019 - 3:21 PM

Long lines of vegetable trucks wait to unload their produce – only to be told that the prices are too low

LA TRINIDAD Vegetable Trading Post. Rappler file photo

U.S.-China trade talks spill into third day

Jan 09, 2019 - 1:28 PM

An American delegation has been in Beijing since January 7, for the first sit-down talks since Donald Trump and Xi Jinping agreed to a 3-month truce on December 1

SIDE BY SIDE. In this file photo, a Chinese woman adjusts a Chinese flag near US flags before the start of a Strategic Dialogue expanded meeting between China and the US. Pool/AFP

U.S. negotiators in Beijing for trade war talks

Jan 07, 2019 - 9:52 AM

The American delegation in Beijing includes officials from the Treasury, Commerce, Agriculture and Energy departments

TRADE WAR TALKS. Deputy US Trade Representative Jeffrey Gerrish (C) leaves a hotel with his negotiation team in Beijing on January 7, 2019. Photo by Wang Zhao/AFP

Diokno says Andaya’s claims based on ‘wrong numbers, not grounded on facts’

Jan 04, 2019 - 4:06 PM

Budget Secretary Benjamin Diokno denies having a favored contractor, saying project implementation is 'not part of his job'

DENY. Embattled Budget Secretary Benjamin Diokno denies allegations by House Majority Leader Rolando Andaya Jr. File photo by DARREN LANGIT

House panel explores plunder, tax evasion charges vs Diokno's in-laws

Jan 04, 2019 - 2:30 PM

'Titingnan natin kung nagma-match ba ang tax payments nila sa mga income na pumapasok sa bank accounts nila,' says House Majority Leader Rolando Andaya Jr

HOUSE LEADER. House Majority Leader Rolando Andaya Jr holds a press conference on December 19, 2018. File photo by Mara Cepeda/Rappler

U.S. team to visit China for trade talks

Jan 04, 2019 - 11:19 AM

Word of the meeting on January 7 and 8 follows small signs of progress while the two sides work to ease trade tensions by March 1

Duterte vows 'big fish' will die in last half of his term

Jan 04, 2019 - 10:45 AM

In his first speech of 2019, President Rodrigo Duterte warns that big-time drug bosses will be killed in the remaining years of his presidency

President Rodrigo Roa Duterte delivers his message during the birthday celebration of former Presidential Adviser on Political Affairs Atty. Francis Tolentino held at the Tagaytay International Convention Center in Tagaytay City, Cavite on January 3, 2019. VALERIE ESCALERA/PRESIDENTIAL PHOTO

Contractor not aware Diokno’s in-laws behind partner firm – lawyer

Jan 03, 2019 - 4:21 PM

House Majority Leader Rolando Andaya Jr believes the statement of C.T. Leoncio Construction and Trading's lawyer, but he says the owner will still be liable for the anomalous contracts

NOT AWARE. Lawyer Rafael Madrid is the legal counsel of the owner of C.T. Leoncio Construction and Trading. Photo by Mara Cepeda/Rappler

Andaya seeks AMLC help in probe of firms linked to Diokno's in-laws

Jan 03, 2019 - 3:02 PM

Aremar Construction uses at least 8 dummy contractors, including C.T. Leoncio Construction and Trading, to bag government projects in Sorsogon, claims House Majority Leader Rolando Andaya Jr

BANK RECORDS SOUGHT. Consolacion Leoncio, owner of C.T. Leoncio Construction and Trading, sits beside her lawyer during the House hearing on January 3, 2018. Photo by Mara Cepeda/Rappler

Diokno's in-laws behind firm that bagged big gov't projects – Andaya

Jan 03, 2019 - 1:54 PM

House Majority Leader Rolando Andaya claims there is a 'clear case of conflict of interest' as Aremar Construction's biggest stockholder and incorporator are in-laws of the budget chief

DIOKNO CONNECTION. House Majority Leader Rolando Andaya Jr (center) links DBM Secretary Benjamin Diokno to Aremar Construction on January 3, 2018. Photo by Mara Cepeda/Rappler

Xi, Trump vow cooperation on diplomatic anniversary – state media

Jan 01, 2019 - 1:52 PM

Trump hails his 'solid friendship' with China's Xi, despite the ongoing trade war between the two countries

FRIENDSHIP. China President Xi Jinping hopes 'to advance China-US relations featuring coordination, cooperation and stability.' File photo by Jim Watson/AFP

Xi says China, U.S. want 'stable progress' on ties in Trump call – Xinhua

Dec 30, 2018 - 7:37 AM

Chinese President Xi Jinping expresses hope that 'both teams can meet each other halfway and reach an agreement beneficial to both countries and the world as early as possible,' reports Chinese state-run news agency Xinhua

FIRST MEETING. File photo shows US President Donald Trump and Chinese President Xi Jinping during dinner at the Mar-a-Lago estate in West Palm Beach, Florida, on April 6, 2017. File photo by Jim Watson/AFP

Malongo Atelier Barista offers fair-trade coffee and teas

Dec 14, 2018 - 7:18 PM

Enjoy different filtration and brewing methods, single-origin coffee beans, tea brews, crepes, and a taste of French heritage here

NEDA asks gov’t to support exports as trade gap worsens

Dec 12, 2018 - 2:36 PM

The trade deficit widened by 62.9% in October 2018, says the Philippine Statistics Authority

Contractor that cornered projects nationwide has ties with Duterte gov’t – Andaya

Dec 11, 2018 - 4:54 PM

Majority Leader Rolando Andaya says C.T. Leoncio Construction and Trading – whose owner the House will subpoena – allegedly has links with incumbent Cabinet members of President Rodrigo Duterte

TIED TO CONTRACTOR? President Rodrigo Duterte and his Cabinet members pray before the start of their meeting on September 14, 2018. File photo by Rey Baniquet/PPD

Trump says China trade talks 'going very well'

Dec 07, 2018 - 10:20 PM

Traders are initially buoyed by the apparent deal agreed at the G20 meeting in Buenos Aires but questions are quickly raised about the details – and whether the world's top two economies could actually resolve their differences

TALKS. Chinese President Xi Jinping (R) waves to the press as he walks with US President Donald Trump at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017.  File photo by Jim Watson/AFP

China vows quick trade moves as U.S. sends mixed signals

Dec 05, 2018 - 3:27 PM

The Chinese commerce ministry lauds Donald Trump's talks with Xi Jinping at the weekend as 'successful' and says it is 'confident' that their agreement will be implemented

TRUCE. The Chinese commerce ministry lauds Donald Trump's talks with Xi Jinping at the weekend as 'successful.' File photo by Fred Dufour/AFP

U.S. wants 'concrete' trade action from China within 90 days

Dec 04, 2018 - 4:19 PM

Treasury Secretary Steven Mnuchin says US and China held 'very specific discussions' in Buenos Aires on December 1 on steps to defuse their conflict

US-CHINA TRADE. In this file photo taken on April 21, 2018 US Treasury Secretary Steve Mnuchin holds a press conference during the IMF/World Bank spring meeting in Washington, DC. File photo by Andrew Caballero-Reynolds/AFP

Trump says U.S.-China ties make 'BIG leap forward'

Dec 03, 2018 - 10:01 PM

At their dinner meeting in Buenos Aires, Trump and Xi Jinping agree to suspend any new tariffs and give negotiators 90 days to strike a deal

US President Donald Trump (R) and China's President Xi Jinping (L) along with members of their delegations, hold a dinner meeting at the end of the G20 Leaders' Summit in Buenos Aires, on December 01, 2018. - US President Donald Trump and his Chinese counterpart Xi Jinping had the future of their trade dispute -- and broader rivalry between the world's two top economies -- on the menu at a high-stakes dinner Saturday. (Photo by SAUL LOEB / AFP)

U.S. and China in trade tariffs truce after tense G20 summit

Dec 02, 2018 - 11:09 AM

(3rd UPDATE) Trump withdraws his threat to raise the US tariffs even more on January 1, in return for a promise from China to buy more US goods and enter into a 90-day period of talks to resolve their differences

TAX SUSPENSION. US President Donald Trump (R) and Chinese President Xi Jinping (L) shake hands during dinner at the Mar-a-Lago estate in West Palm Beach, Florida, on April 6, 2017. File photo by Jim Watson/AFP

Trump, Xi trade war dinner went 'very well' – White House advisor

Dec 02, 2018 - 9:20 AM

Both US President Donald Trump and Chinese President Xi Jinping express optimism over finding a solution to their ongoing trade war

TRADE WAR TALKS. US President Donald Trump (R) and China's President Xi Jinping (L) along with members of their delegations, hold a dinner meeting at the end of the G20 Leaders' Summit in Buenos Aires on December 1 2018.Photo by Saul Loeb/AFP

China, U.S. showdown looms on trade at fractious G20

Dec 01, 2018 - 4:29 PM

US President Donald Trump sounds upbeat about making progress with Chinese President Xi Jinping after weeks of dire warnings

G20 PLENARY. A handout picture released by G20 Summit's Press Office shows a general view of the plenary hall prior during a session of the G20 Leaders' Summit in Buenos Aires, on November 30, 2018. Photo by G20 Press Office/AFP

G20 opens under assault from Trump on collective action

Nov 30, 2018 - 10:57 AM

Shortly before the summit kicks off, Donald Trump's 'America First' charge will bear fruit with the signing in Buenos Aires of a successor to the North American free trade pact NAFTA

G20. View of the Obelisk as Corrientes Avenue remains without traffic due to security measures ahead of the G20 Summit in Buenos Aires on Noviembre 29, 2018. Photo by Alberto Raggio/AFP

Trump heads to G20 summit primed for new conflicts

Nov 29, 2018 - 9:07 PM

The weekend summit is confronted with increasingly dire warnings of the potential harm faced by the world economy from Trump's trade wars

FRACTIOUS. File photo of US President Donald Trump during the G7 Summit on June 9, 2018 in Quebec City, Canada.  Photo by Leon Neal/Getty Images/AFP

U.S. slams harmful China trade policies, threatens auto tariffs

Nov 29, 2018 - 3:50 PM

'China's aggressive, state-directed industrial policies are causing severe harm to US workers and manufacturers,' says US Trade Representative Robert Lighthizer

TRADE. In this file photo, US Trade Representative Robert Lighthizer (R) attends the Asia-Pacifics Economic Cooperation (APEC) 23rd Ministers responsible for Trade Meeting at the National Convention Center in Hanoi on May 20, 2017. File photo by AFP

Saudi prince in Argentina as G20 summit tensions brew

Nov 29, 2018 - 12:40 PM

US President Donald Trump's trade war with China is a dominant theme at the weekend summit but one sideshow is how leaders deal with the presence of Saudi Crown Prince Mohammed bin Salman

CROWN PRINCE. File photo of Saudi Crown Prince Mohammed bin Salman, who is known by his initials MBS. AFP photo

General Motors shuttering plants, cutting 15% of workforce

Nov 27, 2018 - 3:30 PM

The moves include shuttering 7 plants worldwide as the company responds to changing customer preferences and focuses on popular trucks and SUVs and increasingly on electric models

GENERAL MOTORS. Two electric vehicles are getting charged at the General Motors plant in Oshawa, Ontario, on November 26, 2018. Photo by Lars Hagberg/AFP

Brother of Honduran president arrested in U.S. over drug ties – officials

Nov 24, 2018 - 11:02 AM

Juan Antonio Hernandez is arrested after his brother, Honduran President Juan Orlando Hernandez, declared that 'no one is above the law'

Honduran President and presidential candidate Juan Orlando Hernandez waves to supporters in Tegucigalpa after the general elections on November 26, 2017.  Honduras' six million voters are to cast ballots in a controversial election Sunday in which President Juan Orlando Hernandez is seeking a second mandate despite a constitutional one-term limit. This small country is at the heart of Central America's "triangle of death," an area plagued by gangs and poverty. / AFP PHOTO / RODRIGO ARANGUA

U.S. renews accusations of unfair trade practices against China

Nov 21, 2018 - 6:54 PM

A trade report says China 'has not fundamentally altered its unfair, unreasonable, and market-distorting practices'

MISTAKE. China sees new US policy a "mistake" and urges them to "correct" it. File photo by Brian Blanco/Getty Images/AFP