TRADE WARS - INDO DAILY

Signs of hope in trade war as US delays new tariffs on Chinese electronics

Aug 13, 2019 (AFP)

And news that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war that had been escal...

Trump threatens to pull US from WTO 'if we have to'

Aug 13, 2019 (AFP)

"We will leave if we have to," Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania. "We know that they have been screwing us for...

China's Ivy League dreams fuel lucrative admissions industry

Aug 12, 2019 (AFP)

The service comes with a hefty price tag, often running into tens of thousands of dollars, but nonetheless the industry is booming. The lengths to which some ar...

Chinese firms learn to adapt as US trade war rages

Aug 12, 2019 (AFP)

Factories along the eastern coast, fish processors in the south, apple juice exporters in central China and farmers in the northeast have all been forced to cha...

China factory price deflates as demand weakens

Aug 09, 2019 (AFP)

The producer price index (PPI) -- an important barometer of the industrial sector that measures the cost of goods at the factory gate -- dropped 0.3 percent yea...

China's exports unexpectedly rise in July

Aug 08, 2019 (AFP)

The trade war with the United States and weakening global demand had weighed on China's manufacturing sector during the first six months of the year, with its g...

Adidas fears 'everybody will lose' in US-China currency war

Aug 08, 2019 (AFP)

American tariffs on Chinese goods -- with another $300 billion in imports targeted by President Donald Trump last week -- are less harmful to the brand with the...

U.S. Steel job cuts highlight EU sector woes

Aug 07, 2019 (AFP)

Some stare silently at the morning haze behind the chimneys of the sprawling communist-era factory. With 12,000 workers, it is central Europe's largest integrat...

US 'heartland' companies balk at latest Trump tariffs

Aug 07, 2019 (AFP)

"The American people are being misled by this administration that China is paying for these tariffs. This is a tax on them, or on the businesses that are bringi...

Policymakers scramble as Trump's trade war widens

Aug 07, 2019 (AFP)

The bold monetary policy moves in India, New Zealand and Thailand came as industrial production in European powerhouse Germany fell back in June, adding to unce...

Trump wants trade pact with China but must be 'right deal': W.House advisor

Aug 06, 2019 (AFP)

Kudlow's remarks came as markets attempted a recovery from Monday's deep sell-off, prompted by a sudden escalation in the US-China trade since last week. "The p...

US-China trade war in 10 dates

Aug 06, 2019 (AFP)

- March 8, 2018: tax on steel, aluminium - President Donald Trump announces tariffs of 25 percent on steel imports and 10 percent on aluminium from a number of ...

Tencent set to take stake in Universal Music

Aug 06, 2019 (AFP)

If a deal is confirmed, Shenzhen-based Tencent is to take 10 percent in Universal Music, with an option to pick up another 10 percent. This would translate into...

Chinese currency steadies after turbulent trading

Aug 06, 2019 (AFP)

The US accusation on Monday was the second major escalation in the two countries' spiralling trade war in just 24 hours. Both the onshore and offshore yuan brea...

Weaponising the yuan: a double-edged sword for Beijing

Aug 06, 2019 (AFP)

Although China's central bank governor Yi Gang insisted Monday that the country would "not engage in competitive devaluation", Washington wasted no time in form...

US designates China a 'currency manipulator' as trade war rages

Aug 05, 2019 (AFP)

Washington's sudden move came the day China allowed the yuan to fall below 7 to the dollar for the first time in about a decade -- provoking US President Donald...

Indonesia economy loses steam in Q2 amid US-China trade war

Aug 05, 2019 (AFP)

Growth weakened to 5.05 percent in the April-June period as exports and investment slipped. That was down from a 5.27 percent expansion in the same period last ...

Chinese yuan falls to weakest level against dollar since 2010

Aug 05, 2019 (AFP)

The offshore currency weakened to 7.1085 to the dollar, days after US President Donald Trump announced a plan to impose fresh tariffs on another $300 billion in...

Trump targets China with tariffs on $300bn in goods

Aug 02, 2019 (AFP)

The sudden deterioration meant the world's two largest economies have now erected trade barriers covering virtually all of their $660 billion in annual trade in...

China vows to strike back at US tariffs threat

Aug 02, 2019 (AFP)

President Donald Trump jolted US and Asian stock markets as he issued the threat just a day after US and Chinese trade negotiators revived talks aimed at ending...