US and China to start talks over trade war this week.
Businesses and investors have been anxiously waiting for signs of a thaw in US-China tensions amid fears a prolonged trade war could cause serious damage to the global economy.
Businesses and investors have been anxiously waiting for signs of a thaw in US-China tensions amid fears a prolonged trade war could cause serious damage to the global economy.
“If the U.S. really wants to solve the problem through dialogue and negotiation, it should stop threatening and blackmailing (China),” Guo told a regular news conference.
China has sent back planes it ordered from the US in its latest retaliation over Trump tariffs, the boss of aircraft maker Boeing has said.
Gold hit a record $3,500 per ounce for the first time early Tuesday as President Donald Trump’s renewed attacks on Federal Reserve Chair Jerome Powell unnerved markets and sent investors into safe-haven assets
US stock markets rose on Monday after the White House said tariffs on imports of Chinese-made smartphones and some other electronics devices would not apply.
The tariff exemption would have a major impact on tech giants like Apple, which make iPhones and other products in China.
The move comes in response to President Donald Trump’s decision to ramp up duties on Chinese goods to 145 percent
Earlier this month, the US president announced a “baseline” tariff of 10% on all countries, with higher rates for the “worst offenders”
China has pushed back once again to U.S. President Donald Trump’s tariff policies by hiking its levies on U.S. imports to more than 80%.
A White House official has confirmed that the US will enforce a 104 per cent tariff on China beginning at 12:01 am ET (0401 GMT) on Wednesday (April 8), according to a report by Reuters.