Tag: trade war

US, China set to sign vital trade truce

by Heather SCOTT The world's two dominant economic powers, the United States and China, are poised to sign a trade truce Wednesday that will allow businesses around the globe to breathe a sigh of relief. Although tariffs on hundreds of billions of dollars of two-way trade...

European companies minimise risks from US-China trade war

European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday. The world's two biggest economies have been entangled in a lingering trade...

China says in ‘close communication’ with US over trade deal

Beijing and Washington are "maintaining close communication" over a much-anticipated phase one trade deal, China's commerce ministry said Thursday, reiterating that tariffs must be reduced as part of any agreement. Hopes had risen that the two sides were close to reaching a mini deal, but comments from...

World stocks rattled as Trump says no China trade deadline

Global equities mostly retreated Tuesday after US President Donald Trump warned there was no deadline for doing a trade deal with China. The announcement added to trade uncertainty already stoked by Washington's re-imposition of metal tariffs on Argentina and Brazil and threats of steep levies...

US-China trade war could spark real war: Kissinger

Former US secretary of state Henry Kissinger warned Thursday that an armed conflict could break out between the United States and China if they fail to resolve their trade war. The sober remarks from Kissinger, who was instrumental in normalising diplomatic relations between Washington and...

DPM Heng: Strong business partners needed to carry Singapore through global uncertainties

Singapore—At the Distinguished Partner in Progress Award ceremony at the Mandarin Oriental Hotel on Tuesday, September 24, Deputy Prime Minister Heng Swee Keat said that while the country is vulnerable to global uncertainties, strong partners are what is needed to carry the nation through...

Mahathir’s son not in a rush to bid for Prime Minister’s post

After showing his intention to get into politics at a higher level in the Pakatan Harapan government, Prime Minister Tun Dr Mahathir's son Mukhriz Mahathir now says he is not in a rush for any ministerial posts. The businessman-turned-politician insisted that he does not view his...

Mahathir says cannot force rare earths firm Lynas to leave country amid fear of radioactive waste

Malaysia cannot force rare earths miner Lynas Corp to leave despite opposition from members of the Pakatan Harapan coalition who fear the risk of radioactivity from waste from the processing plant. Reuters today says the Malaysian Prime Minister Tun Dr Mahathir Mohamad believes the government cannot push the Australian...

‘Good chance’ for more US exports to Huawei: Trump aide

As the United States and China pursue trade talks, there is a "good chance" that more US firms will be granted licenses to sell products to controversial Chinese telecoms giant Huawei, White House economic advisor Larry Kudlow said Sunday. Kudlow's comments came after President Donald...

PM Lee warns US-China trade war could split global economy for decades to come

Singapore— Prime Minister Lee Hsien Loong told the Nikkei Asian Review at the G-20 summit in Osaka, Japan, he hopes the leaders of China and the US will take successful steps in defusing trade tensions. While Singapore is not a member of the G-20 but host nation...