TRADE WARS - AFRICA DAILY

Asian countries denounce 'real threat' of global trade war

Aug 04, 2018 (AFP)

Fear that a simmering trade spat between the world's top two economies could spiral into a full-blown trade war -- with painful consequences for China's neighbo...

Trump says tariffs 'working far better' than anticipated

Aug 04, 2018 (AFP)

"Tariffs have had a tremendous positive impact on our Steel Industry," he said in one tweet. "Plants are opening all over the US, Steelworkers are working again...

White House slams 'weak' Chinese tariff threat, 'lousy' economy

Aug 03, 2018 (AFP)

After China threatened to impose new retaliatory tariffs on a variety of American goods -- everything from beef to condoms -- the war of words between Washingto...

Heineken takes $3.1 billion stake in China's top brewer

Aug 03, 2018 (AFP)

Heineken has signed a "non-binding" agreement with China Resources Beer to acquire 40 percent of CRH, the listed entity controlling the Chinese group, for a tot...

GM seeks to exempt Buick SUV from looming Trump tariffs

Aug 03, 2018 (AFP)

The Envision, a key part of the Buick lineup, is manufactured and mainly sold in China, GM's largest market, and the automaker requested it be exempt from US im...

Trade war heats up as China takes aim at 60bn in US goods

Aug 03, 2018 (AFP)

The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald Trump's threat to raise tar...

Sri Lanka secures $1 billion Chinese loan

Aug 03, 2018 (AFP)

Central bank Governor Indrajit Coomaraswamy said that first half of the loan will be released later this month and the balance will be received in October. "Dur...

China calls on US to be 'cool-headed' in trade war

Aug 02, 2018 (AFP)

Slapping additional tariffs on Chinese imports -- 60 percent of which are made by foreign firms, including American companies -- will only raise costs for domes...

China-backed trade pact could be signed by year-end: Singapore PM

Aug 02, 2018 (AFP)

The 16-nation Regional Comprehensive Economic Partnership (RCEP) is poised to become the largest free-trade agreement in the world, covering about half of its p...

Trump threatens to ramp up tariffs on Chinese goods

Aug 02, 2018 (AFP)

President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 percent from the planned 10 percent, USTR Robert Ligh...

Trump could raise tariffs further on Chinese goods: reports

Aug 01, 2018 (AFP)

The US imposed 25 percent tariffs on $34 billion of Chinese products earlier this month, with plans to add another $16 billion of imports on Tuesday. Trump init...

Chinese investors drop bid for German machine tool maker

Aug 01, 2018 (AFP)

"I can confirm that the interested party has withdraw its request for clearance from the economy ministry," a Leifeld spokeswoman told AFP, confirming media rep...

Australia, US, Japan in Indo-Pacific infrastructure push

Jul 31, 2018 (AFP)

Beijing has loaned countries across Asia billions of dollars as part of its "Belt and Road" development strategy, including to island nations in the Pacific, a ...

China manufacturing activity eases in July

Jul 31, 2018 (AFP)

The Purchasing Managers' Index (PMI), a key gauge of factory conditions, came in at 51.2 for the month, down from 51.5 in June, the National Bureau of Statistic...

UK's Hunt welcomes China's offer of talks on post-Brexit trade deal

Jul 30, 2018 (AFP)

Hunt, appointed earlier this month, was in the Chinese capital to meet Foreign Minister Wang Yi and other top officials, on a trip that will also include stops ...

UK's chief diplomat begins Brexit bargaining tour

Jul 29, 2018 (AFP)

"The UK and China are both major powers with a global perspective", said foreign secretary Jeremy Hunt in a statement issued ahead of the visit. "As the UK leav...

IMF warns China against aggressive economic stimulus

Jul 27, 2018 (AFP)

The IMF warning, contained in a policy report, comes after Chinese leaders earlier this week signalled a shift toward looser fiscal policy to help barricade the...

BRICS nations pledge unity as trade war threatens

Jul 26, 2018 (AFP)

The heads of the BRICS group -- Brazil, Russia, India, China and South Africa -- met in Johannesburg for an annual summit dominated by the risk of a US-led trad...

Germany preparing first veto against Chinese takeover: report

Jul 26, 2018 (AFP)

Business weekly Wirtschaftswoche reported the economy ministry will prevent Chinese investor Yantai Taihai Corporation from buying Leifeld Metal Spinning. The 2...

US says China is increasing state's economic control

Jul 26, 2018 (AFP)

In a blistering attack delivered to the World Trade Organization's top body, US Ambassador Dennis Shea rejected Chinese assertions that it had satisfied the con...