TRADE WARS - AFRICA DAILY

China manufacturing shrinks in June despite trade war respite

Jun 30, 2025 (AFP)

The Purchasing Managers' Index -- a key measure of industrial output -- came in at 49.7, according to the National Bureau of Statistics (NBS). The figure was hi...

China to keep anti-dumping steel duties on EU, UK, S. Korea and Indonesia

Jun 30, 2025 (AFP)

The duties on stainless steel billets and hot-rolled plates, first levied by Beijing in 2019, range from 20.2 percent for Indonesian imports to 43 percent for t...

Most Asian stocks rise as investors eye US trade talks

Jun 30, 2025 (AFP)

And the dollar weakened on growing expectations for more interest rate cuts, while eyes were on US Presiident Donald Trump's signature tax-cutting bill -- now i...

China confirms trade deal framework reached with United States

Jun 27, 2025 (AFP)

A top priority for Washington in talks with Beijing had been ensuring the supply of the rare earths essential for products including electric vehicles, hard dri...

China's top diplomat to visit EU, Germany, France next week

Jun 27, 2025 (AFP)

Beijing has sought to improve relations with Europe as a counterweight to superpower rival United States, though frictions remain over trade and China's close t...

US stocks back at records on US-China trade progress

Jun 27, 2025 (AFP)

Both the S&P 500 and Nasdaq finished at all-time highs following a roller-coaster session that included a stint in negative territory after Trump announced he w...

Trump ends trade talks with Canada over tax on US tech firms

Jun 27, 2025 (AFP)

Trump was referring to Canada's digital services tax, which was enacted last year and forecast to bring in Can$5.9 billion (US$4.2 billion) over five years. Whi...

After NATO deal, how far will EU go for trade peace with Trump?

Jun 26, 2025 (AFP)

Time is running out. The European Union has until July 9 to reach a deal or see swingeing tariffs kick in on a majority of goods, unleashing economic pain. The ...

Stocks mixed with eyes on Mideast, dollar hit by Trump Fed comment

Jun 26, 2025 (AFP)

Uncertainty over the US president's trade war was also keeping sentiment subdued, with most countries still not reaching deals with Washington to avert the reim...

China's premier warns global trade tensions 'intensifying'

Jun 25, 2025 (AFP)

Officials including Singaporean Prime Minister Lawrence Wong are among those attending this week's gathering in the northern port city of Tianjin, known colloqu...

World facing 'most complex' situation in decades: WEF

Jun 24, 2025 (AFP)

"It is the most complex geopolitical and geo-economic backdrop we've seen in decades," WEF President and CEO Borge Brende said ahead of a meeting of the multila...

Chinese refrigeration parts firm sees lukewarm Hong Kong debut

Jun 23, 2025 (AFP)

Zhejiang Sanhua Intelligent Controls's debut is seen as part of Hong Kong's resurgence as an initial public offerings hub, following stock flotations by Chinese...

Chinese refrigeration parts firm drops in Hong Kong debut

Jun 23, 2025 (AFP)

The debut of Zhejiang Sanhua Intelligent Controls is seen as part of Hong Kong's resurgence as an initial public offerings hub, following stock flotations by Ch...

WTO to examine two trade disputes between Canada and China

Jun 23, 2025 (AFP)

The WTO said in a statement that its Dispute Settlement Body (DSB) had agreed during a meeting to create a panel to rule on a complaint from Beijing over "surta...

Oil rises, dollar firms after US strikes in Iran

Jun 23, 2025 (AFP)

Asian markets mostly fell, although Chinese stocks were higher, as traders wait to see how Tehran could respond. One option on the table would be to potentially...

Oil prices seesaw as investors await Iran response to US strikes

Jun 23, 2025 (AFP)

European stocks mostly retreated while Asian equities were mixed, with markets keeping a close eye on whether Iran will block the crucial Strait of Hormuz, whic...

Oil prices spike after US strikes on Iran

Jun 23, 2025 (AFP)

The dollar strengthened as traders assessed the weekend's events, with Iran threatening US bases in the Middle East as fears grow of an escalating conflict in t...

EU bars Chinese firms from major state medical equipment contracts

Jun 20, 2025 (AFP)

The latest salvo in trade tensions between the 27-nation bloc and China covers a wide range of healthcare supplies, from surgical masks to X-ray machines, that ...

Crude sinks as Trump delays decision on Iran strike

Jun 20, 2025 (AFP)

Speculation had been swirling that Trump would throw his lot in with Israel, but on Thursday he said he would decide "within the next two weeks" whether to invo...

Chinese exports of rare-earth magnets plummet in May

Jun 20, 2025 (AFP)

China is the world's leading producer of rare earths, used to make magnets essential to the automotive, electronics and defence industries. Since April, Beijing...