trade wars - updates

Rappler's latest stories on trade wars

ARTICLE FINDER

ASEAN economies affected by US-China trade war – Lopez

Jun 21, 2019 - 4:05 PM

'ASEAN should be prepared and have better trading performance with other countries not involved in the US-China trade issue,' says Philippine trade chief Ramon Lopez

TRADE WAR. This file picture taken on November 6, 2018, shows a Chinese and US flags at a booth during the first China International Import Expo (CIIE) in Shanghai. File photo by Johannes Eisele/AFP

Trump-Xi meeting at G20 raises hope for trade truce

Jun 19, 2019 - 12:33 AM

Donald Trump says the leaders had a 'good' conversation, while Xi Jinping says the countries have more to gain by cooperating than by engaging in a protracted battle

TRUMP-XI. In this file photo, 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 delivers hard line on new China tariffs threat

Jun 10, 2019 - 11:54 PM

Asked if a failure by Xi Jinping to come to the G20 summit would lead to tariffs kicking in on a further $300 billion in Chinese imports, Donald Trump tells CNBC television: 'Yes it would.'

TRADE WAR. In this file photo, China's President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. File photo Nicolas Asfouri/AFP

G20 says worsening trade wars pose risk to world economy

Jun 09, 2019 - 6:00 PM

IMF chief Christine Lagarde says trade conflicts pose the 'principal threat' to the global economic outlook

FINANCE EXPERTS. A woman walks past a banner for the G20 Finance Ministers and Central Bank Governors meeting in Fukuoka, Japan. Photo by Toshifumi Kitamura/AFP

IMF's Lagarde: Resolving trade tensions 'immediate priority' for G20

Jun 06, 2019 - 6:00 PM

International Monetary Fund chief Christine Lagarde describes the United States and China's tit-for-tat tariffs as 'self-inflicted wounds that must be avoided'

Signs with the US flag and Chinese flag are seen outside a store selling foreign goods in Qingdao in China's eastern Shandong province on September 19, 2018. - China on September 18 announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week. (Photo by STR / AFP) / China OUT

American garlic, honey farmers cheer Trump's tariffs on China

Jun 05, 2019 - 3:55 PM

The US tariffs on Chinese goods are an 'immediate relief' for American garlic and honey farmers who struggle to compete with cheap exports

Christopher Ranch Executive Vice President Ken Christopher poses for a photo as employees work with garlic on the production line in Gilroy, California on May, 30, 2019. - As most US farmers feel the brunt of the trade war with China, some, like garlic and honey producers who have struggled for years, are applauding the new tariffs on Chinese goods. Though nearly all garlic consumed in America was grown in the US prior to 1993, that changed almost overnight when Chinese exporters began flooding the US market with their production, all but wiping out garlic growers across the country, Christopher noted. (Photo by Josh Edelson / AFP)

World Bank slashes 2019 growth as global trade slackens

Jun 05, 2019 - 9:25 AM

The greatest danger on the horizon is the prospect of worsening trade clashes between major world economies

OAKLAND, CALIFORNIA - MAY 13: A container ship sits in the San Francisco Bay on May 13, 2019 in Oakland, California. China retaliated to U.S. President Donald Trump's 25 percent tariffs on $250 billion of Chinese goods entering the United States with a 25 percent tariff on $60 billion of U.S. goods entering China. The Dow Jones Industrial Average plunged over 700 points on the news in morning trading. Justin Sullivan/Getty Images/AFP

[ANALYSIS] US-China trade war: Where does the Philippines stand?

Jun 04, 2019 - 10:45 AM

If we can quickly lower the costs of doing business, beef up our competitiveness, and promote enough export-oriented manufacturers, the US-China trade war could turn into a blessing in disguise

China urges students to weigh 'risk' of studying in U.S.

Jun 03, 2019 - 8:42 PM

The Chinese education ministry says students applying to US universities should brace themselves for visa troubles and 'strengthen risk assessment...and make relevant preparations'

STUDYING IN US. In this file photo, students pass through Sather Gate, a landmark leading to the center of the University of California, Berkeley campus. Image via Shutterstock

Global airline body warns of U.S.-China trade war spillover

Jun 02, 2019 - 4:25 PM

The International Air Transport Association revises its 2019 collective net profit outlook down to $28 billion, as the US-China trade war escalates and costs go up

China says trade war 'has not made America great again'

Jun 02, 2019 - 4:05 PM

'China does not want a trade war, but it is not afraid of one and will fight one if necessary' says the Chinese government in a white paper

TRADE WAR. This file picture taken on November 6, 2018, shows a Chinese and US flags at a booth during the first China International Import Expo (CIIE) in Shanghai. File photo by Johannes Eisele/AFP

China ready to fight U.S. on trade, but door open for talks

Jun 02, 2019 - 10:08 AM

Beijing and Washington have been locked in a bruising tit-for-tat trade war, exchanging tariffs on $360 billion in two-way trade so far

SHANGRI-LA DIALOGUE. China's Defense Minister Wei Fenghe attends the IISS Shangri-La Dialogue summit in Singapore on June 2, 2019. Photo by Roslan Rahman/AFP

China raises tariffs vs U.S. after Huawei ban

Jun 01, 2019 - 4:29 PM

The global superpowers have exchanged tariffs on $360 billion in two-way trade so far

TARIFF REPLY. China increases taxes for US goods in a latest in the two superpowers' trade war. AFP file photo

China's U.S. tariff hike to target condoms, wine, pianos

May 31, 2019 - 11:05 PM

The move will cap a week that was marked by a heated war of words and Chinese threats to curb exports of rare earths, which are key to US tech industries

China to create blacklist of 'unreliable' foreign firms

May 31, 2019 - 6:47 PM

The Chinese move to create its own 'entity list' appears to be a way to pressure foreign companies to maintain commercial relations with Huawei

TRADE WAR. In this picture taken on May 30, 2019, people walk past Huawei advertising at Shenzhen-Bao'an international airport in Shenzhen, China's Guangdong province. Photo by Hector Retamal/AFP

China accuses U.S. of 'naked economic terrorism'

May 30, 2019 - 12:52 PM

The world's top two economies are at loggerheads as trade talks have apparently stalled, with US President Donald Trump hiking tariffs on Chinese goods earlier this month and blacklisting telecom giant Huawei

TRADE WAR. This file picture taken on November 6, 2018, shows a Chinese and US flags at a booth during the first China International Import Expo (CIIE) in Shanghai. File photo by Johannes Eisele/AFP

Trump says U.S.-China trade deal could include Huawei

May 24, 2019 - 7:56 AM

President Donald Trump says there is a 'good possibility' Washington will reach an agreement with Beijing to end the escalating trade conflict, and that 'it's possible that Huawei would be included in a trade deal'

HUAWEI. The Huawei logo is displayed at the Mobile World Congress in Barcelona on February 26, 2019. File photo by Pau Barrena/AFP

IMF warns U.S.-China trade war will 'jeopardize' 2019 global growth

May 23, 2019 - 10:54 PM

'Consumers in the US and China are unequivocally the losers from trade tensions,' Gita Gopinath, the International Monetary Fund's chief economist, says in a blog post

OECD cuts global growth forecast as U.S.-China tensions rise

May 21, 2019 - 10:00 PM

OECD Secretary General Angel Gurria says there is 'an urgent need' for Washington and Beijing to bury their differences

Angel Gurria, General Secretary of the Organisation for Economic Co-operation and Development (OECD), gestures as he presents the OECD Economic Outlook at the OECD headquarters in Paris on May 21, 2019. - Global trade tensions and political uncertainty are weighing on the world's economy, the OECD warned on May 21, 2019, cutting its global growth forecast for this year to 3.3 percent, down from the 3.5 percent it predicted in November. (Photo by ERIC PIERMONT / AFP)

Trump, Xi could meet next month on trade – White House aide

May 12, 2019 - 10:23 PM

White House economic advisor Larry Kudlow says the chances of Donald Trump and Xi Jinping meeting during the Group of 20 summit in Japan in late June 'are probably pretty good'

SHAKING HANDS. US President Donald Trump (L) shakes hands with China's President Xi Jinping at the end of a press conference at the Great Hall of the People in Beijing on November 9, 2017. Photo by Fred Dufour/AFP

Trump to China: Trade deal now or it will be 'far worse' after 2020

May 12, 2019 - 12:20 PM

'Would be wise for them (China) to act now,' United States President Donald Trump says in a tweet

Photo from ShutterStock

U.S.-China trade talks resume; Trump says deal still 'possible'

May 10, 2019 - 7:30 AM

US and Chinese representatives return to the bargaining table amid a sudden flare-up in hostilities, while President Donald Trump is still hopeful of salvaging a trade deal

Chinese Vice Premier Liu He waves as he leaves the Office of the United States Trade Representative after tariff negotiations in Washington DC on May 9, 2019. (Photo by ANDREW CABALLERO-REYNOLDS / AFP)

IMF chief says U.S.-China tensions 'threat' to world economy

May 07, 2019 - 8:50 PM

International Monetary Fund Managing Director Christine Lagarde also says recent 'rumors and tweets' make an agreement between the United States and China less likely

IMF Managing Director Christine Lagarde addresses the Paris Forum at the Economy Ministry in Paris on May 7, 2019. (Photo by ERIC PIERMONT / AFP)

Xi asks for 'fair and friendly' treatment for Chinese

Apr 28, 2019 - 3:30 PM

At the Belt and Road Forum, Chinese President Xi Jinping appeals to all countries to 'create a good investment environment' and to treat the Chinese 'equally'

China's President Xi Jinping waves as he arrives for a press briefing at the end of the final day of the Belt and Road Forum at the China National Convention Centere at the Yanqi Lake venue outside Beijing on April 27, 2019. (Photo by WANG ZHAO / POOL / AFP)

EU countries approve launch of U.S. trade talks

Apr 12, 2019 - 2:07 PM

However, France says it will make a show of opposing the start of the talks when the negotiating mandate is put to a vote of EU agriculture ministers seen as largely symbolic

China will not devalue renminbi to spur exports – central bank chief

Mar 10, 2019 - 5:36 PM

'We will never use the exchange rate for the purpose of competition, nor will we use the exchange rate to increase China's exports,' says People's Bank of China Governor Yi Gang

Photo from Shutterstock

Trump urges China to remove tariffs on U.S agricultural products

Mar 02, 2019 - 2:14 PM

A meeting between Trump and his Chinese counterpart, Xi Jinping, is also expected this month

TRADE WAR. US President Donald Trump engages in trade talks between rival power China. Photo by Doug Mills / POOL / AFP

U.S. to delay China tariff increase – Trump

Feb 25, 2019 - 9:30 AM

The US president also says he plans to hold a summit with Chinese President Xi Jinping at his Florida estate Mar-a-Lago to sign a deal

US President Donald Trump doesn't want to invite Cleveland Cavaliers nor the Golden State Warriors for an official White House visit. AFP Photo

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

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

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

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

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

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

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

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

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 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

Alibaba's Ma calls trade war 'stupidest thing in the world'

Nov 05, 2018 - 10:19 PM

'Trade is to form ... peace. Trade is to communicate...nobody can stop free trade' says Jack Ma, the Alibaba e-commerce tycoon

STUPIDEST. File photo of Alibaba founder Jack Ma. Photo by Munir Uz Zaman/ AFP

Global trade wars risk 'millions of jobs' – WTO chief

Oct 18, 2018 - 1:01 PM

'A continued escalation of tensions would pose real risks,' says World Trade Organization chief Roberto Azevedo

ROBERT AZEVEDO. World Trade Organization Director-General Roberto Azevedo gestures after he speaks to reporters on February 22, 2017 in Geneva.File photo by Fabrice Coffrini / AFP