Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei. In Europe, the broader Euro STOXX 600 climbed 0.6%,
Japan’s top government spokesman said on Wednesday that auto import restrictions by Washington would adversely affect the US and global economies.
Pakistan and the United States vowed to restructure bilateral ties and focus more on promoting private sector and investment relationship. The development came into being in a meeting of US Ambassador Charge d’Affaires, Paul W Jones with Adviser to the Prime Minister on Finance,
China’s banking and insurance regulator said on Saturday it did not expect a persistent decline in the yuan and warned speculative short sellers they would suffer “heavy losses” if they bet against the currency. The yuan has lost more than 2.5 per cent against the dollar since the festering China-US trade
The United States began collecting higher, 25% tariffs on many Chinese goods arriving in US seaports on Saturday morning in an intensification of the trade war between the world’s two largest economies and drawing retaliation from Beijing.
Telecommunications giant Huawei is “too close” to the Chinese government, making it difficult to trust the company at the heart of an escalating trade war between Washington and Beijing, the US defence chief said on Saturday.
Trade tensions between Washington and Beijing are unlikely to aid Indian exports as there is a stark difference in the nature of commodities exported by the two economies, India Ratings and Fitch wrote in a joint report published on Friday. The ongoing trade war could lead to China
Instead of waging a trade war with China, the United States should drop its win-at-all-costs mentality and consider the interests of its own people as well as the global community, the official People’s Daily said
Global stock markets shed over $2 trillion in value in May as the US-China trade conflict escalated, with fears of a trade-related economic slowdown intensifying on Friday after US President Donald Trump threatened Mexico with tariffs.