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The US Postal Service said it would again accept parcels from China and Hong Kong

US Postal Service U-turn on China parcels sows confusion

The US Postal Service has said it would again accept parcels from China and Hong Kong, reversing a 12-hour suspension after President Donald Trump scrapped an exemption used by retailers including Temu, Shein, and Amazon to ship low-value packages duty-free to the US.

Business • 06 Feb

Philips spun off its lighting and consumer electronics divisions in recent years, and is now purely focused on healthcare

Trade tariffs will make Philips miss 2019 margin goal

Philips said today that trade tariffs and poor results at its Connected Care arm meant the Dutch healthcare technology firm would miss its 2019 target for profit margin improvement.

Business • 10 Oct 19

BMW plans to ship 2,000 vehicles to the US from its new Mexican plant in April to July

BMW sees no reason to change its Mexico plans

BMW sees no reason to change its plans for Mexico in the wake of US threats to slap duties on Mexican imports, a board member of the German carmaker has said.

Business • 07 Jun 19

Beijing is due to increase tariffs on $60 billion in US goods tomorrow

China to create company blacklist as trade war worsens

China said today it would release a blacklist of "unreliable" foreign companies and individuals, hitting back after the US targeted telecom giant Huawei in their escalating trade war.

Business • 31 May 19

Rare earths are a group of 17 chemical elements used in everything from high-tech consumer electronics to military equipment

China ready to hit back at US with rare earths - report

China is ready to use rare earths to strike back in a trade war with the US, Chinese newspapers warned today in strongly worded commentaries on a move that would escalate tensions between the world's two largest economies.

Business • 29 May 19

Walmart said today that higher tariffs will result in increased prices for consumers

Walmart says higher tariffs will push prices higher

Walmart has cautioned today that prices for shoppers will go up due to higher tariffs on imports from China as the world's largest retailer reported its best comparable sales growth for the first quarter in nine years.

Business • 16 May 19

The US Commerce Department has added Huawei Technologies and 70 affiliates to its 'Entity List'

US blacklists China's Huawei amid trade dispute

The Trump administration has hit Chinese telecoms giant Huawei with severe sanctions, adding another incendiary element to the US-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks.

Business • 16 May 19

Donald Trump began the trade war because of complaints about 'unfair' Chinese trade practices

Trump in no hurry to sign deal as trade war escalates

The US has pulled the trigger on a steep increase in tariffs on Chinese products and Beijing immediately vowed to hit back, turning up the heat before a second day of trade negotiations.

Business • 10 May 19

A protracted trade war between the world's two largest economies would damage global economic growth

As tariff hike looms, China asks US to meet it halfway

China appealed to the United States today to meet it halfway to salvage a deal that could end their trade war.

Business • 09 May 19

International Monetary Fund's chief economist Gita Gopinath warns on the impact of a new trade war

Auto tariff war would hurt more than US-China fight

A new trade war sparked by US automotive tariffs has the potential to do much more damage to global economic growth than the US-China trade conflict has done.

Business • 12 Apr 19

Donald Trump suggested there may be an extension to the trade talks deadline, but that tariffs would remain at their current levels

Trump may extend March deadline for China trade deal

US President Donald Trump has said he may extend the March 1st deadline for reaching a trade deal with China while keeping current tariffs in place.

Business • 15 Feb 19

More trade tariffs would hit US consumers, the president and CEO of Atlanta's Federal Reserve Bank told the European Financial Forum

More trade tariffs would hit US consumers - Bostic

Another round of trade tariffs between the US and China would have a material impact on US consumers, according to the president and CEO of Atlanta's Federal Reserve Bank.

Business • 14 Feb 19

US Treasury Secretary Steven Mnuchin is in Beijing for trade talks with China

'So far, so good' - Mnuchin on trade talks in China

US Treasury Secretary Steven Mnuchin said trade talks with China went well today, as the world's two largest economies try to iron out an agreement to resolve their dispute.

Business • 13 Feb 19

China's Purchasing Managers' Index fell to 50 in November, missing market expectations and down from 50.2 in October

China reports weakest factory growth in over 2 years

Growth in China's vast manufacturing sector stalled for the first time in over two years in November as new orders slowed.

Business • 30 Nov 18

WTO DG Roberto Azevedo says a breakdown in international trade cooperation could knock up to 17% off global trade growth

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

Escalating trade wars "pose real risks" to the global economy, potentially threatening millions of jobs.

News • 18 Oct 18

Tensions between the world's two largest economies have escalated, since the opening salvo in July

US imposes tariffs on another $16bn of Chinese goods

The US has imposed import tariffs on another $16bn in Chinese goods over what Washington has called rampant theft of US technology, even as trade negotiators were in talks to avert further confrontations.

Business • 23 Aug 18

Trade Commissioner Cecilia Malmstrom said the EU is preparing a list of US imports to hit if the US imposes tariffs on EU cars

EU readies new trade retaliation list

The European Union's trade commissioner said she hopes an EU mission to Washington will ease a transatlantic trade dispute.

News • 19 Jul 18

Alcoa's CEO said that imposing tariffs will not solve the challenges facing the aluminium industry

Alcoa cuts adjusted earnings forecast due to tariffs

Aluminium producer Alcoa has lowered its forecast for adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for 2018, citing US tariffs on imported aluminium and rising energy costs.

Business • 19 Jul 18

Tesla sales in China accounted for about 17% of its revenue last year

Tesla moves first to hike prices in China

US carmaker Tesla has hiked prices on its Model X and S cars by about 20% in China, becoming the first car maker to raise prices in the world's largest automotive market in response to a US-China trade war.

Business • 10 Jul 18

US President Donald Trump wanted to renegotiate the terms of some of the US trading relationships, in particular with China

Crossfire of tariffs as Trump rattles world trade order

US President Donald Trump rattled the world trade order this year by seeking to renegotiate the terms of some of the US trading relationships, in particular with China.

Business • 06 Jul 18

First shots fired in US-China trade wars

US-China tariffs take effect in deepening trade row

The US and China slapped tit-for-tat duties on $34 billion worth of the other's imports today.

Business • 06 Jul 18

The Trump administration's tariffs on $34 billion of Chinese imports are due to go into effect early tomorrow morning

China warns US is 'opening fire' with trade tariffs

The US is "opening fire" on the world with its threatened tariffs, China warned today, saying no one wants a trade war but it will respond the instant US measures go into effect.

Business • 05 Jul 18

The latest PMIs point to 0.5% euro zone economic growth in the second quarter of this year

Euro zone business growth recovers, manufacturing slows

Euro zone private business growth recovered in June and rounded off the second quarter growing at a better than expected pace, bolstered by services firms.

Business • 22 Jun 18

The single currency had plunged earlier this week and Italian bond yields soared

Euro set to snap six week losing streak

The euro edged higher today and looked set to break a six-week losing streak, supported by a drop in Italian bond yields after a revived coalition deal between two anti-establishment parties pulled the country back from snap elections.

Business • 01 Jun 18

Donald Trump imposed the tariffs in March to address global oversupply but temporarily exempted the EU

Macron and Trudeau criticise US metal tariffs

French President Emmanuel Macron has said the United States' decision to impose tariffs on European, Canadian and Mexican metals exports was illegal and a mistake.

US • 01 Jun 18

Trade Tariffs